FutureGen Robotics

Welcome to the next generation of robotics

FutureGen Robotics

Welcome to the next generation of robotics

Boca Raton, FL
Technology
FutureGenRobotics develops mobile robots and AI solutions to simplify and automate some of the most labor-intensive tasks.

$8,047

raised
15
Investors
$35M
Valuation
$5.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$8,047

raised
15
Investors
$35M
Valuation
$5.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into FutureGen Robotics:

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000+
Investment
Tier 1
Invest $1,000 and receive 5% Bonus Shares
$2,500+
Investment
Tier 2
Invest $2,500 and receive 10% Bonus Shares
$5,000+
Investment
Tier 3
Invest $5,000 and receive 15% Bonus Shares
$10,000+
Investment
Tier 4
Invest $10,000 and receive 17% Bonus Shares
$50,000+
Investment
Tier 5
Invest $50,000 and receive 20% Bonus Shares

Reasons to Invest

The landscape services industry has a market size of $105.1 billion in 2021, while the global industrial and commercial floor scrubbers market size was valued at $3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.
In 2017, FutureGen put 8 units into the field for testing and beta, and the feedback from customers since then has been overwhelmingly positive.
So far, the SmartMow is covered by three US patents, while the FGR Floorbot design is nearly complete, and is expected to be in production by Q1 of 2022.


Mobile robots for the next tech generation

*
By investing in FutureGen Technologies Inc., you are investing in the parent company of FutureGen Robotics LLC, which is a wholly owned subsidiary and the operating entity of FutureGen Technologies Inc.


Based out of Florida, FutureGenRobotics (FGR), LLC is a WOSB high technology engineering company that specializes in custom computer system designs. With 18+ years of industry experience, we are creating custom software to forecast, track, and report systems or product usage, as well as equipment and materials through various life cycles. 


Images of  FloorBot. Product is in the pre-production phase and currently not available on the market.


Our expert engineers develop algorithms tailored to your industry’s specific needs, and then program, implement, and train on the new software, helping to account for annual repairs, inventory demands, and more. FGR uses data sciences, computer vision, A.I., software publishing, and telecom management to produce full turnkey designs that can be used in any military agency or profitable business. We are your engineering specialists ready to serve you!


THE PROBLEM


Many people waste their precious time on arduous tasks that no longer require manual labor

Tasks such as cleaning the floor and mowing the lawn can be taxing and time-consuming. Many working Americans and business owners waste precious time on jobs that could be effectively performed by the latest cutting edge technology.


 

Futuregen builds products to mow lawns, clean floors, transport cargo under water and even track equipment, both safely and efficiently. Founders Mike Letsky and Jeanne Letsky, MD, teamed up to create FutureGen, drawing from Mike’s expertise in building mobile robotics and AI, as well as Jeanne’s experience as a licensed physician.

THE SOLUTION


Innovative technology to achieve the most time-consuming tasks

At FutureGen, we create AI products like the SmartMow and the FGR Floorbot, designed to perform labor intensive tasks, so our customers don't have to. The SmartMow is our safest, easiest to use, no perimeter-wire-needed robot lawn mower, while the FGR Floorbot is a fully autonomous power scrubber that cleans and sanitizes. Our AI asset tracking lets customers know where their assets are and forecasts future demand.


Images of FloorBot. Product is in the pre-production phase and currently not available on the market.


Fururegen’s revenue comes from our engineering services, sales, and IOT solutions. 


We sell our SmartMow build-to-order and have a contract with a major airline. We intend to use these funds to build inventory, bring new products to market, and expand marketing efforts.

THE MARKET


Futuregen’s safer and more efficient products appeal to a fast-growing industry

The landscape services industry has a market of $105.1 billion in 2021, according to the IBIS World Landscaping Services Industry Report (Source). The Global Robotic Lawn Mower Market is estimated at $769 million in 2021 and expected to reach $1.42 billion by 2026, growing at a CAGR of 13.1% (Source). 


The global industrial and commercial floor scrubbers market size was valued at $3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027 (Source). Global asset tracking is expected to reach $55.1B by 2026, growing at 17.1% CAGR (Source). 



Unlike other products on the market, the SmartMow has a patented virtual boundary system, meaning no perimeter wire, beacons, or landmark installation required. Its patented InstaStop™ stops blades instantly when a person or animal is within 6 inches of a unit.




OUR TRACTION


FutureGen has now obtained three patents, as well as positive feedback from many satisfied customers

In 2017, Futuregen put 8 units into the field for testing and beta. The feedback from our customers has been overwhelmingly positive, so we feel that our technology is ready to scale for mass production. So far, our SmartMow  technology has been issued three US patents. Our FGR Floorbot design is almost complete, and we expect to be in production in Q1of 2022.



Futuregen was also awarded a contract with a major airline in 2019, for future Generations AI based asset tracking software and FAA compliance passive equipment tracking solution. Our next step is to sell as many more SmartMow units as possible, obtain as many AI equipment tracking customers, and obtain more government contract wins.


WHY INVEST


We aim to become industry leaders and we have the cutting edge technology to make that vision a reality

At FutureGenRobotics, we come to work each day because we are passionate about solving the biggest problems in the most effective manner possible. Our five year vision is for SmartMow to become the dominant brand lawn mower in the world, and for FGR Floorbots to be the de facto floor scrubbers in small and medium-sized businesses around the globe. We envision that our asset tracking equipment will become an airline standard solution throughout the industry, and we believe strongly in our growth potential to make that happen.



With this raise, our aim is to build inventory and speed up our order fulfillment cycle, so that we can sell more SmartMows. Sales and marketing for SmartMow will also be increased, as we aim to sell 100 units per month within the next 12 months. With your help, we believe our company has what it takes to be major industry leaders in a multibillion dollar space!


Offering Summary


Company

:

FutureGen Technologies Inc.

Corporate Address

:

20423 State Rd 7 Ste F6, 356, Boca Raton, FL 33498

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,000

Maximum Number of Shares Offered

:

214,000

Price per Share

:

$5.00

Pre-Money Valuation

:

$35,000,000.00











*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

Voting Rights of Securities Sold in this Offering

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’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 Subscriber, (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 Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber 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.

Investment Incentives*

All investors get early access to new products, new product versions, and early access to product features. Additionally, from time to time, we may ask for investor input for business activities like new product names or helping decide on which new product to bring to market next.

Time-Based Perks:

Invest in the first week and receive 15% Bonus Shares

Invest in the next two weeks and receive 10% Bonus Shares

Invest in the following week to receive 5% Bonus Shares

Amount-Based Perks:

Invest $1,000 and receive 5% Bonus Shares

Invest $2,500 and receive 10% Bonus Shares

Invest $5,000 and receive 15% Bonus Shares

Invest $10,000 and receive 17% Bonus Shares

Invest $50,000 and receive 20% Bonus Shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

FutureGen Technologies Inc. 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 $5 / share, you will receive 10 additional shares, meaning you'll own 110 shares for $500. 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

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$12,027.00 USD
$2,600.00 USD
Cash And Cash Equivalents
$12,027.00 USD
$2,600.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$7,707.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$48,360.00 USD
Costs Of Goods Sold
$454.00 USD
$9,353.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$46,127.00 USD
$13,261.00 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

Why we make SmartMow's the safest in the world.

21 hours ago

Dear Investors,

We have a huge interest in our SmartMow products.  

Did you ever wonder why we also make them super safe?

Because in America over 35,000 people (and too many of them are kids) get injured by dangerous lawnmowers (both human-powered and other robots).  Our mission is to put an end to all lawnmower accidents. Join the team and help us save humanity: https://www.startengine.com/futuregen-robotics

Best Regards,

Mike Letsky - CEO

FutureGen Robotics

Time is running out!

4 days ago

Dear Investors,

Your opportunity to obtain 5% bonus shares is ending on Monday.  

If you have not yet finished your investment, make sure to do so!

Best Regards,

Mike Letsky - CEO

FutureGen Robotics

Finally, Our Investor Pitch Video is Here!

6 days ago

Hey Investors,

I am happy to announce that our investor pitch video is finally available at the top of the page.  The team did a great job of putting this video together!

This investor pitch video is now available on our Start Engine page.  

Please share this email with an interested investor

If you have not yet finished your investment, make sure to do so!

Best Regards,

Mike Letsky - CEO

Thank you for being part of the team!

8 days ago

Dear Investors,

Thank you for being part of the team!  I can't believe just a few weeks in and we have almost $10k in investments!

Every penny helps us bring new and exciting products to market!

If you have not yet finished your investment, make sure to do so!

Best Regards,

Mike Letsky - CEO


Meanwhile on a warm sunny day in South Florida

13 days ago

Dear investors and Followers,

This week we were working more on SmartMow's Elite's AI features as well as tweaking efficiency.  We developed some new cool algorithms to help it navigate some really difficult terrain, without wasting battery.  Pretty cool, eh?   When google said fast isn't just a feature it is the feature, we said Efficiency isn't just a feature, it is THE feature here at FGR.  Aside from the cool body styling, the professional mulching deck, the impeccable safety features, and the ease of use, our models are so efficient they easily mow more grass than any of its competitors.  

In fact, our SmartMow residential models can compete with larger commercial robot lawn mowers because of our technology.  Our technology is so amazing we have 3 issued patents on it.  If that's not something to invest in, I'm not sure what is.

Join the team, Invest Today!

Let's change the planet, save humanity, and make lots of money together!

Best Regards,

Mike Letsky - CEO


The Parts are In!

14 days ago

Dear Investors,

Did you know we are amazing problem solvers?  Despite a global chip shortage, we are still able to make our SmartMow Elite units and deliver them to customers! Here are some of the newly arrived parts that we are kitting for manufacturing.

Plastic chassis and on/off buttons


 SmartMow Logos (Qty 150)


This is our dining room table with some robot parts on it (the rest are in our garage). 

More exclusive robot content coming your way!

P.s.  We have 2 more units available for October delivery, you may order on SmartMow.com 

We're a small company with huge potential.

Our patented virtual boundary technology scales from 1 acre to 100+ acres.  

We have a commercial design we can launch with your continued investment.

Now that is something to get excited about!

Join the team, Invest Today!

Best Regards,

Mike Letsky - CEO


Check out the new SmartMow Elite!!

15 days ago

Dear Investors,

Here is the preproduction model of the new SmartMow Elite robot mower.  We sold another one yesterday too!  This image has never been seen before today.

Now is a great time to join the team and help our company grow.


Please share this email and help our mission!

Invest Now

Best Regards,

Mike Letsky - CEO

Thank you for being part of the team!

18 days ago

Dear Investors,

After the first week, we are making great progress on this campaign because of you!   This campaign comes with time-sensitive perks like bonus shares for people who invest in us!   Time is running out for the early-bird perks!  Invest more, tell a friend, tell everyone you know!  Let them invest and get more bonus shares!  If you have not yet finished your investment, make sure to do so!


Please share this email and help our mission!

Invest Now

Best Regards,

Mike Letsky - CEO

Where FutureGen Manufactures Products

19 days ago

Dear investors,

Not only do we make the safest, easiest to use, and technologically advanced products, we manufacture them locally and love the abilities of everyone.   The Habcenter equips adults with special needs with the skills needed to live productive lives.  Their rehabilitation program is so robust that they are also one of the top manufacturers in South Florida.  

That is why we have chosen HabCenter to be the manufacturer of FutureGen's products.  Join our team, invest today!

Please share this email and help our mission!

Invest Now

Best Regards,

Mike Letsky - CEO

SmartMow's Mission

21 days ago

Dear Investors,

Over 35,000 Americans are injured by dangerous lawnmowers every year. SmartMow's mission is to stop that. Every time we sell a SmartMow we donate to a hospital to help kids live better lives. Join the team and invest in our company.

Please share this email and help our mission!

Invest Now

Best Regards,

Mike Letsky - CEO

FutureGen's Start Engine Kickoff!

25 days ago

Dear Investors,

Thank you for investing in FutureGen Robotics and FutureGen Technologies!  We look to make the world a safer, cleaner, and more efficient place.  Every dollar you invest helps us make every lawn safer, every floor cleaner, and every aircraft on time.   I am amazed that in the first week we are already halfway to $10k!! How exciting!

Over the next few weeks, I'll be sharing with you more about what is happening at FutureGen.  From wacky office happenings to the inside scoop of SmartMow technology and everything in between.  

If you have not yet finished your investment, make sure to do so!

Welcome to the team!

Best Regards,

Mike Letsky - CEO


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