The AirBox Technologies offering is now closed and is no longer accepting investments.

AirBox Technologies

Secure deliveries anytime, anywhere!

AirBox Technologies

Secure deliveries anytime, anywhere!

Richmond, VA
Technology
AirBox designs secure, contactless delivery mailboxes for businesses and individuals around the world. We enable the completion of fast and efficient package delivery to a smart receptacle via bike, vehicle, or drone. Our two products, AirBox Deep and AirBox Home, are controlled from a mobile application and use wifi and bluetooth connectivity to ensure the safe arrival of packages and mail.

$11,639

raised
8
Investors
$35M
Valuation
$69.85
Price per Share
$488.95
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$11,639

raised
8
Investors
$35M
Valuation
$69.85
Price per Share
$488.95
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on March 31, 2022 and is no longer accepting investments.

Reasons to Invest

An explosive market: AirBox’s combined market size is $435 billion USD.
Award-winning technology: AirBox has developed a privacy-focused smartphone app with package theft protection measures to enable and ensure secure, contactless deliveries to a smart, touchless mailbox receptacle.
Working with industry players worldwide: AirBox has partnerships with ZEP Transports (pharmaceutical logistics), AllMartACT in Antigua, UN OPS, Government of Antigua

Overview


The future of delivery systems has arrived


AirBox Technologies is on a mission to deploy one of the world’s first and best drone-ready smart mailbox platform. Our team has developed two smart solution products: Airbox Home and Airbox Deep, the latter of which is our primary focus for this raise.   




Both products offer a comprehensive, app-controlled, industrial grade, web-connected package delivery solution that is market-ready and in our opinion two years ahead of the competition. We believe our products are the best low-cost alternative to mailboxes and smartlockers due to their simple design, price point, sustainability, and small amount of real estate required. AirBox is patented, and our mailboxes are available for purchase now on our website. 





The Problem


Traditional mailboxes are ill-equipped for our modern world


Traditional mailboxes are not private, not secure, and prone to package theft. What’s more, most of the world’s population  has no physical address and lives in areas without labeled roads, signs, or established postal routes. 


The Covid-19 pandemic has also accelerated a shift to an online economy where “contactless delivery” and “package protection” are critical needs for consumers and businesses alike. The market is missing a solution for receiving rapid on-demand shipments in a secure way and we believe that it’s time to upgrade the global package delivery system as a whole.  

The Market


AirBox Technologies is focused on meeting the needs of its consumer base, in the midst of a fast-growing multibillion-dollar market 


Worldwide, over 20% of retail sales now come from e-commerce transactions. As online shopping has increased, getting these purchases to doorsteps in a reliable way has fueled exponential growth in an industry called “last mile delivery.” This market is estimated to grow from $11.9 billion this year to nearly $85 billion globally by 2030, and drone package delivery specifically is expected to generate $39 billion in revenue by the end of the decade.  One in five Americans, however, has reported a package stolen in the past 90 days.  In one survey, the average cost to replace that package was $136, and 50% of respondents then purchased a doorbell camera, motion sensor lights, or surveillance system to prevent future package theft. Victims of so-called “porch piracy” lost an estimated $6 billion worth of goods this past year. The market for ensuring safe and secure package delivery is primed for industry innovation and leadership.



The above combined market size includes the following: Last Mile Logistics & E-Commerce




AirBox is unlike any other product that we know of on the market today, offering the first residential smart mailbox that is touchless and drone-ready. We believe that we are offering the most affordable price point on the market, with our mailboxes starting at $499. In addition, AirBox Deep was designed specifically to address our customer feedback focused on secure delivery for post-pandemic e-commerce. So, we believe it will be a success in today’s market!







the soluTION


Introducing a global smart mailbox system


AirBox Home and AirBox Deep offer an affordable and easy-to-use smart mailbox for the modern world. Our products are a great fit for businesses or individuals seeking theft protection, contactless and dedicated delivery endpoints, on-demand carry-out to customers, and control over who can make a delivery and when. We provide retail and courier services enhanced delivery features such as pick-up verification and route optimization. We also offer short-term temperature control, one-time passwords, e-signatures so recipients don’t have to be home, on-time performance tracking, and autonomous drone delivery.  



 

AirBox Deep, priced at $699, includes all of the most popular smart home protocols (wifi, bluetooth, and smartphone app controls), plus thermal insulation, real-time notifications and one-time passwords for extra security. AirBox Deep is larger than AirBox Home, measuring 26”H x 14.5″D x 18″W. It was designed, based on customer feedback, to address the post-pandemic e-commerce demand for grocery, medical, and secure package delivery by groundAirBox Home, on the other hand, is a smaller model, measuring 18”L x 14”W x 22”H, using a standard mailbox mount support. It comes in three different models: the Simple, priced at $499, the Solar, priced at $599, and the Cell Max, priced at $799. 



We generate revenue through AirBox hardware sales, either directly online or through local distribution partnerships. Couriers can sign up for monthly AirBox subscriptions, while customers can simply purchase an AirBox through our website and download the “AirBox Home” mobile app onto their smartphones to get started. AirBox then creates an address from its GPS beacon on Google Maps, notifying the closest courier that you have a “hot spot” for rapid delivery to your smart mailbox.   







our traction


We believe we are one of the first of our kind, and we have partnered with major industry players around the globe


Through extensive research with industry partners, AirBox Technologies became one of the first companies to create a residential smart mailbox with a custom-designed circuit board that is ready for manufacturing. We have demonstrated and perfected the fully autonomous drone delivery of a package to a smart mailbox, and have held successful pilot programs in the US, Canada, and the Caribbean. 



 

why invest


We are paving the way for a smarter, more secure delivery and mailbox system worldwide!


Our vision is to become the global smart mailbox of choice, creating a new delivery solution for every home and business in the world, while closing the loop for the growing on-demand e-commerce global network. 

We believe we are one the first companies of our kind, with a market-ready line of smart mailboxes and the proven capability to perform fully autonomous drone package delivery to those mailboxes. Within two years, Airbox Technologies aims to have the majority of the market share in North America.

 



 

As the global need for secure, contactless, and on-demand delivery continues to surge, Airbox Technologies has an opportunity to dominate a market potentially worth $435 billion USD. We are crowdfunding to begin our push into this lucrative market by manufacturing product inventory for our distribution partners in North America, the Caribbean, and Australia.  Help us take this step toward greater things, and join our quest to revolutionize on-demand delivery. Together, we will bring Airbox to the masses!  







In the Press

CISION PR WEB

AirBox Technologies Has Announced The Launch of AirBox Deep

UAS Weekly.com

AirBox Technologies Successfully Demonstrates Its AirBox Home Technology In Virginia

NBC12 ON YOUR SIDE

Local invention to help deliver medicines in Africa & Caribbean

OBSERVER

Drone mail delivery soon to hit A & B

businesswire A BERKSHIRE HATHAWAY COMPANY

Insights on the Drone Delivery Global Market to 2030 - Featuring AirBox Technologies, Airbus and DHL International Among Others - ResearchAndMarkets.com

GlobeNewswire

Worldwide Drone Delivery Industry to 2030 - Increasing Need for Contactless Deliveries for Safety Purposes is Driving Growth

CISION PR WEB

AirBox Technologies announces strategic partnership with ZEP Transports, Inc.

Offering Summary


Company

:

Drone Delivery Systems Corp dba AirBox Technologies

Corporate Address

:

7729 Pocoshock Blvd, Richmond, VA 23235

Offering Minimum

:

$9,988.55

Offering Maximum

:

$1,069,962.30

Minimum Investment Amount

(per investor)

:

$488.95











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

143

Maximum Number of Shares Offered

:

15,318

Price per Share

:

$69.85

Pre-Money Valuation

:

$35,001,485.75











Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

First 72 hours - 20% bonus shares 

Within first week - 5% bonus shares 

Amount Based:

$5,000+

AirBox company attire + 5% bonus shares.

$10,000+

AirBox company attire + 10% bonus shares + Access to Investor community

$50,000+

AirBox company attire + 20% bonus shares + Access to investor community + Newsletter

AirBox Deep Hardware Perk: AirBox Online Store Orders ONLY!!

Order Now - Shipments start mid December 2021.

ORDER HERE
https://airboxtechnologies.com/buy-airbox-deep/

Here are the rules:

AirBox is fulfilling orders for our AirBox Deep smart lockable porch box product!- must purchase over our online store offered only during StartEngine AirBox Technologies campaign on the first 100 orders. Limit one per customer. USA shipment only!

AirBox smart lockable porch box, ideal for smart home users with a video doorbell, standard wall plug, 20 feet from router, smart home security technology.

Hardware details:
AirBox Deep smart porch box technology
-WiFi and Bluetooth Connectivity
- IOS/Android app controls
- Temperature-control readouts (upgrade 2022)
- 26"H x 14.5"D x 18"W
- Standard Home Depot mailbox mount
- Standard outlet plug 

AirBox Deep
$499 a box (first 100 orders)

Features include: touchless receptacle, smartphone app, open/close box anywhere in the word, time-stamps, real-time notifications, auto-close, wifi, bluetooth connectivity, temperature-control readouts upgrade available first quarter 2022, not included in first 100 introductory offer), IP53 rated for outside use, industrial grade.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Drone Delivery Systems Corp dba AirBox Technologies will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $69.85 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $6,985. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share. This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$165,568.00 USD
$166,263.00 USD
Cash And Cash Equivalents
$9,757.00 USD
$9,898.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$1,642.00 USD
$993.00 USD
Long Term Debt
$351,700.00 USD
$150,000.00 USD
Revenues And Sales
$6,920.00 USD
$0.00 USD
Costs Of Goods Sold
$216,759.00 USD
$266,964.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$209,839.00 USD
-$266,964.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Material Change in Offering

3 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the AirBox Technologies offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Our drone tether patent!

5 months ago

Deciding whether or not to invest in a startup should involve an evaluation of the patents it might hold.  Strong patents allow companies to differentiate themselves from competitors, commercialize their products successfully, and maximize the value of their businesses.    

We recently received patent protection for the AirBox Drone Tether.  The autonomous tether mechanism is key to the whole process of drone delivery to a smart mailbox.  Not only do we hold the patent for this, but we have already demonstrated how a drone can autonomously drop off and pick up packages to and from our smart mailboxes.  We are the only company that has accomplished this so far!  Soon, we will be shipping finished AirBox products to customers for live usage.  Help us ramp up our rollout by investing in AirBox, the Smart Mailbox Maker.  

 

Best,

Brandon

Drone delivery on-demand! Airbox the final piece!

5 months ago

Hello savvy investors!  There has been important news in the drone delivery world this past week that I wanted to bring to your attention.

Flytrex, the first drone delivery company offering on-demand services in the US suburbs, just received FAA approval to expand its operational radius to one mile.  It can now deliver food and goods to over 10,000 homes in North Carolina!  Customers will be able to order groceries from Target or a white chocolate mocha from Starbucks and have those delivered right to their backyards.

Now imagine having those same items delivered even more securely to an AirBox Deep installed in homes throughout those communities.  We are aiming to become an important piece of the inevitable drone delivery ecosystem coming to a neighborhood near you.  Drone delivery is real and starting NOW!  Get in the game with an investment in AirBox today.


Best,

Brandon

Our first weekly update!

5 months ago

Greetings savvy investors!

I am happy to post this first weekly update for AIRBOX during our StartEngine equity offering. 

Over the next 90 days, I will be educating the public on our "stage of development" as a startup, the milestones we've already hit, why this investment has significant potential, and how we are going to make AIRBOX a household name.  We have a comprehensive plan of attack to penetrate the market, and we are offering YOU the opportunity to get in on the ground floor!

The immediate PROBLEM we again are solving is "Package Theft Protection.”  With AIRBOX DEEP, we are adding an important missing component to the consumer landscape of home security systems: the smart lockable mailbox.  We aim to eliminate porch pirates once and for all!

AIRBOX is seeking your minimum investment of $500.  As the founder & CEO, I will be personally answering any question that you may have about our company right on this campaign page.  

So this week, I will address the most frequently asked question we have received so far about our campaign:

Why is your share price $69.85?  That seems extremely high!

Answer: Our share price "seems" high because our previous investors hold "safe notes” which will convert into equity at a later date.  We value our shareholders and are mindful of the amount being raised to avoid major dilution.  Should you choose to invest with us, know that we will be protective of the value of your investment.  

But the real question is, how should you value a startup “pre-revenue”?  Consider these important questions:

1) What problem is the company trying to solve, and what is the potential market value of that to the consumer?

2) What stage of development is the company in? What patents does it hold, and is there a working product and plan for market penetration?

3) What is the vision of the company, and does it resonate with you?  

Over the next 90 days, I will be discussing all of these topics and more.  You will see that our vision encompasses the recognition of an important societal need, an awesome fully developed product that is ready to go, and a concrete plan to bring AIRBOX to the masses. 

So stay tuned for more updates in the upcoming weeks.  Let’s keep the conversation going!  And Happy Investing!


Best,

Brandon

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