GET A PIECE OF BIB TECHNOLOGIES
Mobilizing Businesses with Clean Energy
$27,019.32 Raised
REASONS TO INVEST
Our multi-disciplinary founding team are alums of SpaceX, SolarCity, Tesla, and Amazon with deep experience in automotive design, engineering, solar, energy storage, real estate, and e-commerce.
Our patented technology enables businesses to create cost-effective temperature-controlled mobile storefronts and marketing opportunities in high foot-traffic locations and events. A patent examiner's legal opinion values BIB Technologies' patent at $40-45 million.
We have collaborated with some of the world’s most renowned brands including Red Bull, PATH water, and Liquid Death. As we grow, we envision expanding to additional industries who can use our technology to grow their businesses.
The PITCH
Highly Efficient, Environmentally Sustainable Mobile Stores
Our flagship utility electric vehicle (UEV) called AUTOMATO is able to serve non-traditional locations such as on sidewalks, inside buildings, and a plethora of venues within the U.S. Our technology is patent-protected, and our stellar engineering team is made up of alums from Tesla, SpaceX, Red Bull, Solarcity and Amazon.
The Story & Where We Are Today
Inventing New Ways For Businesses to Connect With Customers
Our first mobile store started when our founder dreamed up a modern-day ice cream truck and built an electric and solar-powered mobile business serving on-demand Fro-Yo. It was from this point forward that the possibilities of mobilizing all kinds of businesses came to life.
Our modern-day ice cream truck features our own handmade recipe using locally sourced organic fruit and cold-pressed juice to create a delicious non-dairy treat. With growing demand at museums and food hospitality, FRO currently serves Los Angeles Natural History Museum and La Brea Tar Pits visitors.
Since April 2023, FRO has had an 80% margin on the cost of products served and generated over $10,000 or more in revenue on a monthly basis.
We quickly saw the value in simplifying the financing, construction, and digital experiences of clean-tech mobile platforms into an all-in-one package. One mobile UEV costs a fraction of what it takes to run a storefront with utility operating costs of about $10/day with one on-site operator, and is powered by its own clean energy source – lasting up to 12 hours on one charge.
In addition, our UEVs have the ability to collect and store data through smart shelves and website analytics, adding a data operations component to our business model where companies can gain sales and marketing insights through our technology.
The Market & our traction
A Fast-Growing Industry and Key Partnerships in Place
The U.S. pop-up store market is currently valued at $14 billion in 2021 (Source). One of the key drivers of this growth is the adoption of flexible leases that enable merchants to connect with new consumers in a cost-effective manner.
Additionally, the businesses are opting to close physical locations due to rising overhead, inflation, and employee costs. As a result, we believe mobile pop-up stores offer a unique opportunity for innovative businesses to reach consumers in new and exciting ways.
Our technology is patent-protected, and we have built an e-commerce platform with payment processing that communicates with our UEV fleet. We have established relationships with well-known brands including Red Bull, PATH water, and Liquid Death.
Since April 2023, we have achieved an average of $10,000+ in monthly recurring revenue with our FRO UEV.
WHy Invest
A Mobile, Sustainable Future Where Businesses Can Thrive
BIB Technologies is envisioning a new, green, cost-effective strategy for businesses to reach their customers while overcoming the many hurdles traditional brick-and-mortar businesses face.
We plan to use this raise of funds to grow the number of mobile storefronts operating in the LA Metro area and expand our operations, engineering, and customer support teams.
We have secured FRO’s placement at the famed Los Angeles Natural History Museum & La Brea Tar Pits. Due to requests, we are transitioning our FRO storefronts into an Internal Franchise model.
Join us as we mobilize businesses efficiently and sustainably.
ABOUT
HEADQUARTERS
161 E Jefferson Blvd
Los Angeles, CA 90011
WEBSITE
View Site
BIB Technologies develops refrigerated mobile storefronts using our smart shelf technology powered by its own clean energy source.
TEAM
Nanavati Low
CEO and Co-Founder
Deloss Pickett
President, Director & Founder
Steve Factor
Electrical & Systems Engineering
Steve is currently part-time & contributes a weekly estimated average of 10-15 hours per week. Please note that weekly contributions may increase from time to time depending on workload and the company's operations.
Peter Weinstein
Legal Advisor
Suzannah Mathur
Advisor
Sitara Nayudu
Product & Engineering
Sitara is currently part-time & contributes a weekly estimated average of 10-15 hours per week. Please note that weekly contributions may increase from time to time depending on workload and the company's operations.
Derek Lossing
Logitics Advisor
David Grau
Advisor
Kenneth Herrera
Advisor
TERMS
BIB Technologies
Overview
PRICE PER SHARE
$1.60
DEADLINE
Nov 7, 2023
VALUATION
$18.07M
FUNDING GOAL
$15k - $1M
Breakdown
MIN INVESTMENT
$100.80
MAX INVESTMENT
$1,000,000
MIN NUMBER OF SHARES OFFERED
9,375
MAX NUMBER OF SHARES OFFERED
625,000
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. 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*
Time-Based Perks
Friends & Family
Invest $100 within the first 72 hours and receive 2% bonus shares.
Super Early Bird
Invest $500 within the first 7 days and receive 1% bonus shares.
Volume-Based Perks
$500+ | Perk 1
Invest $500+ and receive Limited Edition BIB Technologies Baseball Cap.
$1,000+ | Perk 2
Invest $1000+ and receive Limited Edition BIB Technologies Performance Shirt.
$2,500+ | Perk 3
Invest $2,500+ and receive Limited Edition BIB Technologies Performance Jacket
$5,000+ | Perk 4
Invest $5,000+ and receive concierge service and priority queue to purchase AUTOMATO or FRO mobile store.
$20,000+ | Perk 5
Invest $20,000+ and receive Founders Dinner.
$50,000+ | Perk 6
Invest $50,000+ and receive Founders Dinner + 1 Night Hotel at the world-famous Beverly Hills Hotel and Dinner at the Polo Lounge with the Founders in Los Angeles, CA + 1% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Owners' Bonus
BIB 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 $1.60 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $160. 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 canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonuses.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$100
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.
$500
$500+ | Perk 1
Invest $500+ and receive Limited Edition BIB Technologies Baseball Cap.
$1,000
$1,000+ | Perk 2
Invest $1000+ and receive Limited Edition BIB Technologies Performance Shirt.
$2,500
$2,500+ | Perk 3
Invest $2,500+ and receive Limited Edition BIB Technologies Performance Jacket.
$5,000
$5,000+ | Perk 4
Invest $5,000+ and receive concierge service and priority queue to purchase AUTOMATO or FRO mobile store.
$20,000
$20,000+ | Perk 5
Invest $20,000+ and receive Founders Dinner.
$50,000
$50,000+ | Perk 6
Invest $50,000+ and receive Founders Dinner + 1 Night Hotel at the world-famous Beverly Hills Hotel and Dinner at the Polo Lounge with the Founders in Los Angeles, CA + 1% bonus shares.
JOIN THE DISCUSSION
0/2500
Timothy Scafaria
16 days ago
Hey Nanavati,
This seems like an amazing product and team - I'm interested in investing, but am trying to best figure out your moonshot potential (since I know nothing about this space/tech besides it looking awesome).
Can you please summarize your progress and growth since 2023 started and how your patent could hold off competition (compared to other competitors)
Once the campaign closes, how often will you update investors on your progress.
Also, you might not be allowed to share, but what are some possible exit opportunities you're thinking about?
-Tim
3
0
Léa Bouhelier-Gautreau
a month ago
Could you tell us more about your relationship with Red Bull, PATH water, and Liquid Death?
1
0
Léa Bouhelier-Gautreau
a month ago
Hi! Could you share your cash on hand and current monthly burn? Thank you
1
0
HOW INVESTING WORKS
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W Kim Colich
2 days ago
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0