INVEST IN GOLFBOARD BY SOL BOARDS, INC. TODAY!
Surf the Earth!
$285,607.50 Raised
REASONS TO INVEST
Co-Founded by fitness Icon Don Wildman, Laird Superfood CEO Paul Hodge, and electric vehicle guru Star Faraon, GolfBoard has quickly achieved global brand recognition.
Golf is in dire need of an industry-disrupting change in order to reclaim market share of the much sought-after younger millennial crowd who are looking for a more up-paced style of play.
With $16.5M in sales, we have deployed 3K units in 7 countries with over 129K registered riders enjoying over 1M rounds to date.
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Overview
Reinventing the golf experience
We’re GolfBoard, the people bringing a new, exciting advancement to the game of golf. With our single-rider device, we help golfers have more fun while they speed up and add excitement to their rounds, and provide courses a brand new way to attract new paying customers.
GolfBoard has proven to be popular for players of all ages — with over 32% of users coming from the over 50 demographic — and has piqued the interest of golfers worldwide thanks to viral videos viewed by tens of millions. With over 129k registered users, $16.5M in life-time sales, and 3,000 GolfBoards around the world, we believe we have developed a golf vehicle that will truly bring golf into the 21st century.
With GolfBoard’s proven commercial golf market adoption and strong traction with riders young and old, moving forward we plan to widely adopt a new revenue-sharing model which we believe will produce sustainable high margin recurring revenue for our Company as well as our clients. We will provide GolfBoards to courses for zero or minimal upfront cost, then share the daily rental fees these revenue share boards generate. We believe this business model will result in much higher profits over the long-term, plus it will be far easier to scale adoption as courses have no large upfront fees.
Our revenue share model is capital intensive, as we will own the GolfBoards as opposed to the client. This capital raise will allow us to further grow our company-owned GolfBoard fleet, deploying more and more GolfBoards that we already know people love to ride.
The Problem
Golf is having trouble appealing to younger audiences and lacks innovation
The 21st century has not been kind to Golf. From 2002 to 2016 the number of regular golfers dropped from 30M to 20.9M, with ratings and equipment sales suffering as well. Additionally, people have been playing fewer and fewer rounds of golf, with 20-30% overall decreases in the past 10-15 years.
This decline in golf’s popularity is largely due to the slow pace of play and inefficiencies of golf carts, which force two riders per cart to waste up to 50% of their time waiting for their partner to find and hit their ball.
In today’s post-COVID-19 world, we believe the desire for single-rider vehicles is only going to increase, as consumer preferences surrounding shared spaces are altered. Additionally, social distancing requirements in some states which restricts only one rider per cart (when not family) has increased demand from golf courses looking to augment their current fleet.
The Solution
The GolfBoard dramatically increases the pace of play and adds a boarding twist to the game
We have developed an all-wheel drive, personal golf vehicle that brings a fresh, exciting twist to the game of golf, without changing the fundamentals of the game itself. And unlike golf carts, there is little-to-no wear and tear on the turf, much to the delight of Golf Course Superintendents everywhere.
Additionally, in the new normal of the COVID-19 world, GolfBoards allow users to maintain their personal space while Surfing The Earth on their favorite course. The GolfBoard’s simple dual grip stability bar and small non-skid deck is far easier to sanitize between rounds than a much larger golf cart.
Millennials and Gen Z — these are the key demographic groups who represent the future of golf and have a widespread interest in board sports such as surfing and snowboarding. Our proprietary 4-wheel drive lithium-ion battery-powered board offers this very important demographic a familiar window that golf course can use to help attract more Millennials and Gen Zs to a sport they may have never considered before. We’ve seen this ability to help attract new players reflected in our GolfBoard registered rider statistics, as 39% of our 129,000 users are first-time visitors to the course.
Our opportunities have also spanned into the digital realm, as we’ve developed a convenient booking app for our users, where they can log on and reserve GolfBoards ahead of time, and find courses near them that host our boards.
The Market
Tens of thousands of courses looking for a fresh way to drive new traffic
Golf Monthly reports that there are around 15K golf courses in the U.S. (and another 15K abroad). With each and every one of them on the frontlines of golf’s war to regain players, they are all on the look-out for new innovations to reclaim their customer base.
Unlike the aging market for golf overall, we believe we've found a way to capture the attention of younger audiences, with 67% of our users representing the desirable under-50 demographic. This is a younger demo with a high lifetime value that courses have been dying to attract for years.
Disclaimer: The graphic above displays data collected from an external survey
Our Traction
$16.5M in lifetime revenue and a proven, popular product
We have successfully brought the GolfBoard from a high potential disruptive concept to a globally recognized brand. At one time GolfBoard was deemed a novelty that would appeal to younger players, but in the years since our award-winning 2014 launch, golf management companies have embraced our unique and revolutionary offering, spending over $16M on 3K+ units worldwide.
We now have over 129K registered riders, who have already played over 1M rounds on our boards. The GolfBoard new rider registry has allowed us to build up a highly valuable database of users, featuring name, age, and email address, which enables us to pursue a low-overhead, highly effective marketing strategy for the Company and our clients.
Thanks to fantastic feedback and excitement from golf industry key influencers, we were awarded best new product of 2014 at the PGA Merchandise Show. GolfDigest also selected GolfBoard for its Best Club Transport Editors Choice Award providing worldwide recognition.
The contagious attraction of GolfBoard has generated a ton of viral success since its launch 6 years ago, with tens of millions of video views featuring GolfBoarders enjoying a round on one of our best-in-class product offerings.
Our boards are now welcome at many of the top golf courses in the world which are managed by companies like Club Corp., Billy Casper Golf, Discovery Land Properties, (including The World Famous Yellowstone Club), and Troon. GolfBoard is also very popular with independently owned and operated public courses with 20+ GolfBoard Showcase courses offering availability of fleets of 12 or more GolfBoards.
What We Do
An alternative to the sedentary golf cart
We give golfers a new option for speeding up their round, by allowing them to move quickly and precisely from shot to shot, without the sedentary, inactive shortcomings of a golf cart. GolfBoarding is a fun, fast, and much fitter way of enjoying any golf course, which helps even good golfers play better.
As compared to walking, GolfBoard allows users to be highly active while speeding up the pace of play. In comparison to a golf cart, the individual-use nature of the GolfBoard allows riders to go directly to their own ball after each shot, which drastically cuts down the time spent navigating between two golfers with shots that frequently land on opposite sides of the fairway.
GolfBoard President & COO at Pronghorn
Golf course Superintendents welcome the use of GolfBoard as it is much lighter and more environmentally-friendly than standard carts, and is therefore allowed to go much closer to tee boxes and greens. Since GolfBoarders can go much closer to the tee box and green, any golfer with mobility issues also greatly prefers our turf-friendly offering.
Most importantly, GolfBoard is great fun. Just like other high action board sports, riders turn by shifting their body weight from side to side enjoying an amazing boarding experience in the middle of their golf game. At any time, GolfBoarders can choose to ride in a conserative skier stance or the more aggressive boarder style.
The Business Model
Distributed through sales, rentals, and revenue sharing programs
The Company has historically driven its revenue through the sale of personal and commercial use GolfBoards. Individuals usually order a single unit, and golf courses order a fleet of 4 to 8 boards. Our main focus moving forward is expanding our rental and revenue sharing programs which we believe will substantially accelerate the sales cycle and provide exponential growth.
1) Sales Offerings
We have two direct sales offerings — the standard GolfBoard and the GolfBoard Pro/ResortBoard.
Standard GolfBoard sells for $6.5K and generates a 44% margin of $2,902
GolfBoard Pro/ResortBoard sells for $7.5K and generates a 44% margin of $3,365
2) Rental Program
The average rental billing is $375/month per board. The typical course orders 4 rental boards for a 6 month season, which generates rental revenue of approximately $9,000. The company will typically invest an average of $1,200 per board for refurbishing and maintenance fees, creating a total margin of $4,200/46% per season.
3) Revenue Share Program
With our new revenue share program, golf courses will no longer have to make any significant upfront payments to have GolfBoards on their courses. By eliminating the downside risk of getting GolfBoards, the Company will be able to select to partner with those courses with the highest player volume and highest rental revenue potential.
By sharing the rental revenue 50% / 50% with its course partners, the Company will collect $375 per board per month providing the GolfBoards rent on average of just once per day. Through the company’s new revenue share program, revenue can increase up to $750 per board per month at an average rental frequency of twice per day, potentially doubling the margin vs renting or selling GolfBoards.
This new GolfBoard Revenue Share Program is expected to eventually become the Company's primary growth offering, hopefully creating sustainable high-margin recurring revenue. The Company projects it could generate a margin of over $3,000 per board per year at its highest volume revenue share partners. Please note these are best estimates and are subject to change depending on costs and the market.
How We Are Different
GolfBoard is a US made, 4-wheel drive, single rider golf vehicle 🇺🇸
Our competitors are primarily made up of two-wheel scooters or electric motorcycles who have modified their products to service the golf industry. From the beginning, the GolfBoard has had a golf intentional design which has been the exclusive focus of every stage of our product development. We believe these modified competitor products do not stack up for the golf game.
We believe the instability of 2 wheel scooters leads to a lack of confidence in the safety of these products. This leaves GolfBoard with a majority share of the alternative offerings to the golf cart market. Only GolfBoard has emerged as a globally recognized brand.
Many of the top golf courses are underutilized due to declining demand. Our solution has proven to bring back golfers to our partner courses, in some cases resulting in an increase of up to 30% more rounds played. GolfBoard attracts new players to almost every course, plus the faster pace of play stimulates many regular golfers to play more often.
GolfBoard Fans and followers
Everyone loves GolfBoarding
With over 129,000 registered riders, plus over 40,000 social media fans and followers, GolfBoard has a large, loyal and growing group of eager supporters. Young or old, first time user or experienced boarder, most everyone loves to go GolfBoarding. Additionally, with 300 to 400 personal use GolfBoards already sold, we have hundreds of ambassadors spreading the joy of Surfing The Earth every day. No other product in golf creates as much excitement and enthusiasm as the GolfBoard.
The Vision
We will go beyond just golf
After expanding our golf market share in the near term, we plan to leverage our advanced board designs to move into massive high potential adjacent offerings.
We believe our company is well-positioned for growth as the marketplace for electric and alternative vehicles further expands.
The CaddyBoard has been developed with a bag stand on the front of the board plus a bag stand on the back in order to carry the clubs of 2 players. Designed specifically for Caddies, the CaddyBoard allows the Caddy to get around the course faster, and service their clients better while avoiding the physical strain of carrying 2 golf bags 18 holes. With the CaddyBoard, the Caddy can be on the tee box with their clients when they’re driving, then quickly get out in front to find their balls, measure distance, and select the right club.
The ResortBoard is designed for both urban use as well as backcountry trail riding - providing the ultimate adventure experience. With plans to first target resorts and vacation destinations who will use our resortboards for sightseeing and tourism, interest in our adjacent offerings is expected to quickly grow.
OUR LEADERSHIP
A diverse team of experienced leaders and executives
Chairman and CEO John Wildman spent over 25 years with Bally Total Fitness in positions like CMO and COO. He helped grow Bally to over 400 locations with annual revenue over $1B.
President Jeff Dowell has worked in startups and early-stage business development ventures in the golf tech and digital media industries for over 35 years.
Co-Founder and Director Star Faraon is one of our largest shareholders. Star was behind the original development of the high-performance 4-wheel drive skateboard which led to the development of the GolfBoard.
Why Invest
Make golf fun again
With extremely strong proof of concept and excellent feedback from both golfers and course management, we are extremely excited to continue scaling our company and invest into the future of golf (and adjacent personal use vehicle offerings).
We believe that our line of electric, 4-wheel drive, single rider boards combine so many of the most in-demand qualities of personal use vehicles, like fun, ease of use, sustainability, and safety.
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ABOUT
HEADQUARTERS
61239 Tetherow Dr. #211
Bend, OR 97702
WEBSITE
View Site
GolfBoard is a single rider, all-wheel-drive electric vehicle designed to liven up a round of golf. By both speeding up the game and allowing users to enjoy a surf-like experience, GolfBoard is bringing much-needed innovation to the golf industry.
TEAM
John Wildman
Chairman & CEO
Jeff Dowell
President
Paul Hodge
Co-Founder
Star Faraon
Co-Founder & Director
Dean Fuschetti
Director
Jim Black
National Director of Communications
Ali Fakhari
Advisor
Rusty Rothenberg
National Director of Client Support & Regional Sales Manager
Prior to GolfBoard Rusty built a successful orthopedic knee brace company from the ground up developing several key patents as well as being the top producer in sales for Herbalife, Orthotech, and others. Rusty has developed a love for GolfBoarding and calls himself “Rusty the ResortBoard Guy” as he looks forward to spearheading the expansion of this high potential adjacent offering in the years ahead.
TERMS
GolfBoard by Sol Boards, Inc.
Overview
PRICE PER SHARE
$1.25
DEADLINE
Nov 27, 2021
VALUATION
$11.04M
FUNDING GOAL
$10k - $535k
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$100,000
MIN NUMBER OF SHARES OFFERED
8,000
MAX NUMBER OF SHARES OFFERED
428,000
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Non Voting 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.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Investment Incentives and Bonuses*
$1,000+ | Bronze Tier
Invest $1,000 and surf the earth with 2 free Golfboard 18-hole day passes.
$2,500+ | Silver Tier
Invest $2,500 and surf the earth with 4 free Golfboard 18-hole day passes.
$5,000+ | Gold Tier
Invest $5,000 and receive $500 off your own Golfboard plus 4 free Golfboard 18-hole day passes.
$10,000+ | Platinum Tier
Invest $10,000 and receive $1000 off your own Golfboard plus 4 free Golfboard 18-hole day passes.
$25,000 | GolfBoard
Invest $25,000 and receive a free GolfBoard.
$50,000 | SportBoard
Invest $50,000 and receive a free SportBoard with rear fender cooler plus sand and seed bottle.
$75,000 | GolfBoard Pro
Invest $75,000 and receive a free GolfBoard Pro with rear fender cooler plus sand and seed bottle.
$100,000+ | GolfBoard Pro Graphite
Invest $100,000 and receive free customized GolfBoard Pro with graphite fenders and seat cooler system.
The 10% Bonus for StartEngine Shareholders
Sol Boards, 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 Class B Non-Voting Common Stock at $1.25/ share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $125. 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.
*All perks occur when the offering is completed.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
PRESS
ALL UPDATES
12.13.21
Enjoy GolfBoarding this holiday season
Happy holidays and thank you very much to all that supported our recent crowdfund offering. With investments of nearly $40k during the final month, we raised a total of $295K through our offering which closed on 11/26/2021. Throughout all our StartEngine campaigns, we have raised in total over $2.3M to fund operations and product development.
We are happy to report much of our supply chain challenges are now behind us and we have recently shipped 16 boards over the last few weeks, with more boards scheduled for delivery shortly. Our GolfBoard Pro is proving to be popular with commercial fleet buyers, with many repeat clients choosing our larger and higher performance model. The lighter and smaller standard GolfBoard remains the preference of many individual buyers because of the ease of transport and lower cost.
Having successfully worked through many COVID related challenges, and with many macroeconomic indicators now trending positive, our GolfBoard team is looking forward to having favorable tailwinds in the coming new year. Driven by growing popularity and adoption of golf, the global golf market size is expecting a compounded annual growth rate of 2.5% through 2027. With the golf industry increasingly turning to single rider vehicle options, combined with an increasing number of rounds played, GolfBoard is well positioned for growth.
We hope you will find time to enjoy GolfBoarding this holiday season. Click here to find a GolfBoard course near you. Better yet, treat yourself or someone you love to a GolfBoard. For more GolfBoard information of any kind email investors@golfboard.com. Thanks again for your support and happy holidays.
10.30.21
GolfBoard Founder Receives Commitment to Excellence Award
Innovation is always an essential starting point for all great companies. Expanding on that unique idea leads to on-going success. GolfBoard is yet another example of how a highly differentiated product can disrupt traditional thinking and grow to become a market leader. Conceptualized back in 2012 by Don Wildman, GolfBoard has now achieved many significant milestones, including:
- Best New Product PGA Merchandise Show
- Golf Digest Best Club Transport Award
- Multiple US Patents
- Over 300 Participating GolfBoard Courses Worldwide
- More Than 3,000 GolfBoards Sold
- 120,000+ Registered GolfBoard Riders
- 1,000,000+ GolfBoarding Rounds Played
- $17.3M Total Revenue
Based on his innovative efforts in the golf, fitness and sports apparel industries, GolfBoard founder Don Wildman has been presented the National Academy of Sports Medicine Commitment to Excellence Award. NASM, the global leader in fitness and personal training certifications, has created the annual Don Wildman Commitment to Excellence Award to recognize outstanding contributions and innovations to the sports and fitness industry.
In honor of Don Wildman’s legacy, NASM has produced a special tribute video narrated by GolfBoard Co-Founder Laird Hamilton and GolfBoard CEO John Wildman. You can watch this brief inspirational tribute video by clicking here.
Please Help Support the Continued Growth of GolfBoard
GolfBoard has already achieved many important milestones proving its popularity and establishing its leadership position in personal mobility for golf, but there is still much more to be accomplished. In order to see GolfBoarding offered on thousands of additional courses worldwide, the Company seeks the funding to grow its company-owned inventory so that GolfBoard fleets can be deployed to clubs for little or no upfront costs.
For an investment as low as $250, our fans and followers can become a GolfBoard shareholder and help transform how Golf is enjoyed while helping to grow the game. Approximately 40% of GolfBoarders are first time players, driving growth of rounds played wherever GolfBoards are offered. There is still time to invest in GolfBoard at the initial offering price of just $1.25 per share by clicking here. Please help spread the word.
10.25.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the GolfBoard by Sol Boards, Inc. 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.
09.23.21
GOLFBOARD MARKETING YEAR-END TAX DEDUCTIONS TO STIMULATE Q4 ORDERS
GolfBoard Clients Can Take Advantage of Great Tax Savings by Fully Deducting Their GolfBoard Fleet
In order to encourage business growth through investment in new equipment, Section 179 of the Jobs Act, now allows companies to immediately deduct the full purchase price of their GolfBoard Fleet for big tax savings!
Since Q4 is the last chance of 2021 for Companies to take advantage of year-end tax savings, GolfBoard has recently initiated an outbound marketing campaign promoting this deduction to segments of its client data base. With an open rate as high as 17.4%, GolfBoard has already achieved over 1,400 impressions of this tax incentive.
This past year has been challenging for many industries, but the golf marketplace has held on with more players than ever embracing GolfBoard as a fun and exciting way to get around their favorite course. Ideal for individuals who still need to social distance, the GolfBoard is a perfect way for courses to increase capacity while also increasing speed of play and providing a unique sporting experience unlike any other.
Helping make golf an even better sport, GolfBoarding appeals to players of all ages and skill levels. Since its award-winning introduction in 2014, GolfBoard has now attracted over 40,000 first-time players to courses worldwide. Better yet, GolfBoard is driving even more rounds played, with many monthly golfers now playing weekly, and weekly golfers playing as much as they can - all because they can Surf The Earth.
Our most loyal GolfBoarders have sworn off using carts forever with thousands of more players registering to try GolfBoard every month. We now have over 120,000 registered GolfBoard riders! Check out this video and see what people are saying about their GolfBoard experience.
Help Support GolfBoard’s Growth
Benefiting from 7 years of improved design and development advances, plus reaching over $16M in total Company sales, as well as many other milestones achieved, Golfboard is becoming increasingly able to leverage the benefits of new investment. With plans to focus on generating higher margin recurring revenue through our GolfBoard Rental and Revenue Share programs, new investment will largely be used to grow the companies managed fleet inventory. There are still approximately 200,000 shares available through the current GolfBoard Crowdfund Offering. Please help support GolfBoards further growth and development by spreading the word or investing now (the minimum investment is just $250).
07.26.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the GolfBoard by Sol Boards, Inc. offering. Here's an excerpt describing the specifics of the change:
Extending Campaign for 90 days
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.
07.15.21
GolfBoard Teams Up with the 2021 World Amateur
GolfBoard has teamed up with Golf Tourism Solutions to promote the 38th Annual World Amateur Golf Tournament. With over 3,500 registered participants, the 2021 World Am will be the largest amateur golf tournament in history. There are nearly 60 courses participating in the 2021 World Am which takes place August 30th to September 3rd in Myrtle Beach, South Carolina, and is the signature event of the year.
Golf Tourism Solutions emailed GolfBoard’s 100,000+ registered rider database promoting this year’s World Am and generated over 1,400 inquiries to participate. Additionally, invitations were sent to over 45,000 Myrtle Beach golfers, who were eligible to sign-up and win a free World Am entry sponsored by GolfBoard, generating over 900 registrants. This successful marketing collaboration demonstrates the reach and strength of the GolfBoard brand.
The 2021 World Am is a 5-day event, with over 14,000 rounds of golf played. All World Am participants and guests can experience GolfBoard firsthand every evening at the Myrtle Beach Convention Center, considered the World’s Largest 19th Hole, as well as rent GolfBoards at True Blue, TPC Myrtle Beach and World Tour Golf Links. Now in our 4th year of affiliation with the World Am, and with the support of Golf Tourism Solutions, GolfBoard expects to see growing penetration of the Myrtle Beach golf market.
07.13.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GolfBoard by Sol Boards, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GolfBoard by Sol Boards, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
07.08.21
Exciting Product Advancements in GolfBoard Technology
All New High Capacity Battery Pack
After extensive product development and field testing, the Company will soon be introducing its GolfBoard V1.3 with an all new high capacity battery pack. This higher-powered battery pack, featuring LG lithium-ion cells, will be the Company’s 3rd generation battery since going to market in 2014. All V1.3 GolfBoards will have 48.8% more power than the original model and 12.2% greater power than V1.2 boards. This upgrade allows us to replace the previous internal 100-amp fuse with a convenient external 100-amp circuit breaker, as well as a battery on / off switch, for ease of servicing and storage during the off season.
This more powerful battery back will both increase the range of our entire GolfBoard product line, as well as improve overall product performance. V1.3 GolfBoards should consistently deliver 27 holes of usage on one charge on all but the most demanding courses, plus have improved climbing ability on steep hills or slippery terrain. This allows golf course operators to rent their fleet of GolfBoards for an 18-hole round plus a potential second 9-hole round without any recharging, or redeploy their GolfBoards for a 2nd 18-hole round with just under 1-hour of recharging.
The Company anticipates the marketplace will react very favorably to our generation 3 high-capacity battery pack, as this will improve range and performance of our current GolfBoard products by over 12%, plus offer several other improvements, all for just a 4.6% price increase. These new battery packs will be reverse-compatible with all older model GolfBoards, allowing early GolfBoard adopters to upgrade to a more powerful battery and enjoy the improved range and performance benefits. This will improve client satisfaction while generating an increase in the Company’s replacement part revenue.
New Brushless Motor Advancement in Development
One of the operational challenges for the Company is in-field replacement of GolfBoard motors, which is generally required after 2 to 3 years of commercial use. While the Company offers free motor replacement service videos on-line, as well as free phone support, motor replacement is sometimes considered by some course operators to be beyond the competency of their golf course staff members. In these instances, the board sometimes needs to be shipped back to the factory or to one of our service centers for motor replacement, causing a lapse in the course’s ability to generate GolfBoard revenue.
In order to extend the lifetime of GolfBoard motors, the Company will soon begin field testing a brushless motor package which is compatible with the existing and previous GolfBoard designs. These newer motors should deliver the same speed (or higher if we choose), with greater torque and increased efficiency, resulting in increased reliability and longevity by eliminating brush and commutator erosion, potentially extending GolfBoard motor lifetime by years.
Our objective is to provide a GolfBoard motor package that has at least a 3-year lifespan in commercial use. After 3 years, with their initial lease fully paid off, many of our commercial clients choose to trade-in their GolfBoards for the newest model. Our management team is very excited about the prospects of reducing, and possibly eliminating, the need for in-field motor replacement during the first 3 years of deployment, as well as the potential performance benefits of advancing to brushless motors.
As we transition into post-pandemic sales and product strategies, our focus will continue to be on providing the highest quality products in the golf/resort/sporting transportation category. The technology advancements to a more powerful battery pack combined with longer lasting motors will help further elevate GolfBoards position as the best-in-class personal mobility vehicle for golf.
New V1.3 GolfBoard Pro with Optional Seat Cooler
04.30.21
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the GolfBoard by Sol Boards, Inc. offering. Here's an excerpt describing the specifics of the change:
GolfBoard By Sol Boards, Inc. provided updated financials, extended their campaign duration, and increased offering maximum.
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.
04.05.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, GolfBoard by Sol Boards, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in GolfBoard by Sol Boards, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
REWARDS
JOIN THE DISCUSSION
0/2500
Joseph Rolleri
15 INVESTMENTS
4 months ago
I would like an update. I would like to know where we a in production
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Joseph Rolleri
15 INVESTMENTS
6 months ago
Where is the new update???
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DEANNE MINOR
1 INVESTMENTS
10 months ago
Mr. Wildman, I invested in golfboard (via start engine), attended your shareholder meeting several years ago.....and since then I haven't heard a thing. Communication with investors is so important. Why would you not sent out frequent communication or monitor Start Engine chat? Surely that is just as important as spending our money. Can you please tell me the status of my investment? What is the timeline?
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Richard Cunningham
8 INVESTMENTS
a year ago
Sol Boards has missed the deadline for filing its 2021 annual report with the SEC.
Could you provide an update?
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michael tighe
a year ago
Six years and they are still using crowd sourcing to raise capital? I invested in this dog 6 years ago and never saw a dime. Buyers beware.
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Wanda Dearth
3 INVESTMENTS
a year ago
We would like to be able to trade our shares!
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Aram Homampour
24 INVESTMENTS
a year ago
I just saw my investment was refunded in March ? Huh?
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1
Roy Pirhala
a year ago
I invested in this about five years ago and have gotten NOTHING since then. The only news is when they need more money in new offerings. Never Again anything here on Start Engine.
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Joseph Rolleri
15 INVESTMENTS
2 years ago
I would like an update on when manufacturing is starting. And is there any prior sales. It seams you keep asking for money but nothing is being manufactured. Do you have some made? Where are they located. Or are we all just giving you guys a paycheck every week to produce nothing.
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
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John Wildman
2 years ago
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