INVEST IN QUAD MARINE TODAY!
Quad Marine was founded to design and market the world's most advanced electric recreational watercraft. The company will capitalize on recent advances in electric and solar technology to establish a leadership position in the recreational marine industry. The Quad 44 catamaran is the culmination of a 10-year R&D effort to create an electric cruising catamaran without the flaws and compromises of traditional designs. The ground-breaking raised-cabin design of the Quad 44 exceeds the performance and specifications of competing boats in seven key areas.
$28,810 Raised
REASONS TO INVEST
TEAM
Steve Salani
CEO
Mike Leneman
Consultant
TERMS
Quad Marine
Overview
PRICE PER SHARE
$10
DEADLINE
Dec 30, 2017
VALUATION
$4M
FUNDING GOAL
$10k - $1M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$100,000
MIN NUMBER OF SHARES OFFERED
1,000
MAX NUMBER OF SHARES OFFERED
100,000
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Irregular Use of Proceeds
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 management; Expenses labeled "Travel and Entertainment" for the purpose of trade conferences, exhibitions, and customer meetings.
ALL UPDATES
12.29.17
LAST DAY TO INVEST IN QUAD MARINE
This is the FINAL DAY to invest in Quad Marine. We encourage everyone following our campaign to make an investment TODAY. A minimum investment of only $250 will more than double our total raised.
Quad Marine is positioned to benefit from several very positive market factors as discussed in our recently-published updates:
1. Strong forecast for the recreational boating industry
2. New technologies resulting from massive auto industry R&D
3. Expanding bans on internal combustion engines.
4. Strong consumer interest in electric vehicles / green energy.
5. Quad 44 design innovations protected by US patent.
6. Global market for electric boats projected to reach $20 billion/year
We are busy preparing for the Dubai International Boat Show where we will have an audience of 25,000 visitors and press coverage reaching millions more. The show is an invaluable opportunity to introduce the Quad 44 to the world and meet with potential manufacturing partners. Your investment will help ensure a successful show and move us closer to the launch of the Quad 44.
We’re looking forward to a great new year, and we invite you to join us as we lead the electric power revolution with a new generation of clean, quiet, and reliable electric watercraft!
12.28.17
FINAL DEADLINE TO INVEST IN QUAD MARINE!
This is the final week of Quad Marine’s public offering on StartEngine.com. We encourage everyone following our campaign to make an investment TODAY. A minimum investment of only $250 will more than double our total raised.
Quad Marine is positioned to benefit from several very positive market factors as discussed in our recently-published updates:
1. Strong forecast for the recreational boating industry
2. New technologies resulting from massive auto industry R&D
3. Expanding bans on internal combustion engines.
4. Strong consumer interest in electric vehicles / green energy.
5. Quad 44 design innovations protected by US patent.
6. Global market for electric boats projected to reach $20 billion/year
We are busy preparing for the Dubai International Boat Show where we will have an audience of 25,000 visitors and press coverage reaching millions more. The show is an invaluable opportunity to introduce the Quad 44 to the world and meet with potential manufacturing partners. Your investment will help ensure a successful show and move us closer to the launch of the Quad 44.
We’re looking forward to a great new year, and we invite you to join us as we lead the electric power revolution with a new generation of clean, quiet, and reliable electric watercraft!
12.27.17
FINAL DEADLINE TO INVEST IN QUAD MARINE!
This is the final week of Quad Marine’s public offering on StartEngine.com. We encourage everyone following our campaign to make an investment TODAY. A minimum investment of only $250 will more than double our total raised.
Quad Marine is positioned to benefit from several very positive market factors as discussed in our recently-published updates:
1. Strong forecast for the recreational boating industry
2. New technologies resulting from massive auto industry R&D
3. Expanding bans on internal combustion engines.
4. Strong consumer interest in electric vehicles / green energy.
5. Quad 44 design innovations protected by US patent.
6. Global market for electric boats projected to reach $20 billion/year
We are busy preparing for the Dubai International Boat Show where we will have an audience of 25,000 visitors and press coverage reaching millions more. The show is an invaluable opportunity to introduce the Quad 44 to the world and meet with potential manufacturing partners. Your investment will help ensure a successful show and move us closer to the launch of the Quad 44.
We’re looking forward to a great new year, and we invite you to join us as we lead the electric power revolution with a new generation of clean, quiet, and reliable electric watercraft!
12.26.17
FINAL DEADLINE TO INVEST IN QUAD MARINE!
This is the final week of Quad Marine’s public offering on StartEngine.com. We encourage everyone following our campaign to make an investment TODAY. A minimum investment of only $250 will more than double our total raised.
Quad Marine is positioned to benefit from several very positive market factors as discussed in our recently-published updates:
1. Strong forecast for the recreational boating industry
2. New technologies resulting from massive auto industry R&D
3. Expanding bans on internal combustion engines.
4. Strong consumer interest in electric vehicles / green energy.
5. Quad 44 design innovations protected by US patent.
6. Global market for electric boats projected to reach $20 billion/year
We are busy preparing for the Dubai International Boat Show where we will have an audience of 25,000 visitors and press coverage reaching millions more. The show is an invaluable opportunity to introduce the Quad 44 to the world and meet with potential manufacturing partners. Your investment will help ensure a successful show and move us closer to the launch of the Quad 44.
We’re looking forward to a great new year, and we invite you to join us as we lead the electric power revolution with a new generation of clean, quiet, and reliable electric watercraft!
12.21.17
U.S. Boat Sales Expected to Surge Through 2018
The National Marine Manufacturers Association (NMMA) recently announced that it expects a surge in recreational boat sales through 2018, reflecting increased consumer confidence. Quad Marine is now positioned to benefit from three strongly positive market factors:
1. Strong upturn in the recreational boating industry;
2. New technologies resulting from massive R&D in the auto industry
3. Expanding bans on internal combustion engines.
We encourage investors to join us as we take advantage of this market opportunity. A minimum investment of only $250 will more than double our total raised, and move us one step closer to the launch of our flagship product.
12.13.17
Gasoline and Diesel Engines Prohibited!
National and local governments are expanding bans on internal combustion engines on waterways around the world. These bans will eliminate the pollution and noise associated with internal combustion boats, and encourage adoption of clean electric watercraft.
Internal combustion engines banned on 25 lakes in Washington State
Internal combustion engines banned on 14 Maine waterways
Ban on combustions engines proposed for Loch Lomond, Scotland
Gas engines banned on Waldo Lake, Oregon
Internal combustion engines banned on Lake Barcroft, VA
As this trend continues to expand throughout the world, demand for electric watercraft like the Quad 44 will increase dramatically. We encourage investors to help us meet this demand by investing before the close of our StartEngine campaign. A minimum investment of only $250 will more than double our total raised, and move us one step closer to the launch of our flagship product.
12.07.17
Quad Marine to Exhibit at Dubai International Boat Show
Quad Marine is pleased to announce its participation in the 2018 Dubai International Boat Show. The show is an excellent opportunity to present the Quad 44 to a wide international audience and to meet with potential manufacturing partners throughout Asia.
The Dubai boat show attracts more than 25,000 visitors from 150 countries, many of whom have plans to purchase a boat. Press coverage of the show is projected to reach an audience of almost 100 million people.
Quad Marine anticipates a dramatic increase in interest in the Quad 44 as a result of the show, and we encourage investors to help us launch a new generation of clean electric watercraft for the 21st century.
12.06.17
Quad 44 Advantage #2
The Quad 44 is much more than just an electric boat. We've completely redefined the catamaran for the 21st century!
12.05.17
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Quad Marine 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 Quad Marine 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
12.04.17
Quad Marine Receives Marine Industry Press Coverage
Quad Marine was recently featured in the November 30th issue of Trade Only, a daily news publication aimed at marine industry professionals. As the transition to electric power gains momentum, marine industry trade publications continue to expand their coverage of the emerging market and its key players.
REWARDS
JOIN THE DISCUSSION
0/2500
Rocco ERNE
1 INVESTMENTS
6 years ago
Why don't you get funding from VC's?
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John Galloway
6 years ago
Another thing that I would suggest is to round up a small board of directors and a small technical advisory board (both need to be very very well qualified people). In later stages these can be invaluable for guidance, but early on in a crowd funding situation they can be a proxy for investors that what you are doing makes sense.
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John Galloway
6 years ago
"We are in exactly the same position as Tesla Motors; our product may not be the perfect solution for all users, but it will be a very good product for a large portion of the market."
Well not really. Again Tesla released their first product (the model R) to a much smaller market in order for them to get in the game and show that they could build a car. It used a lot more parts from other suppliers but was good evidence to investors that Tesla was a really serious company (note he also had Space-X going 4 years before he released the model-R). You on the other hand are planning to release your Model-S as the first product with little past experience. I'm just suggesting that your first product might want to be less ambitions targeting a smaller and more dedicated market. Note also that the first mover in an industry sometimes is the winner but by not means always.
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John Galloway
6 years ago
Thanks for your replies Steve: I'll address a couple of them.
" We are not prepared to release final specifications on battery capacity and performance metrics, as the boat has not gone though sea trials."
I would expect that the development would include some serious simulations and model testing. That will not assure that the full size hull will likely not work as well as the simulation shows, but I'd guess that is unlikely to better. So I was asking or the simulation results not sea trial data. If you don't want to release that, that's cool, but if you don't have it, but if you have not done simulations to that level of detail (yet), that is a different data point.
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Robert Pryately
6 years ago
Has this not already been done? "reviewing the fiberglass layup schedule, or verifying that the structural design provides adequate safety margin, or reviewing the design for ABYC and Coast Guard compliance". What happens if your design is not in compliance or does not provide adequate safety margin? For the gross margin and retail price estimates, that means you have calculated some target production costs. How detailed are these costs? Have they gone through detailed engineering? Do you have a production facility lined up? What are the economies of scale?
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Robert Pryately
6 years ago
Hi. What is the reasoning for the $180,000 salary for the founder? Will that be paid out on the first $200,000 raised or the final $800,000-$1M? What about the consultant fees? Additionally, what's the expected selling price and what are your expected production costs?
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John Galloway
6 years ago
Wow, the loss of line breaks is annoying.
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John Galloway
6 years ago
First, this is a mot interesting and exciting venture and I wish you great success.
That being said I am very skeptical about its success based on the info available so far. Of course the probability of any startup being successful is very low, that can’t stop you from going for it if that is your passion. But my questions and concerns are:
What is total KWHr of the batteries and are you making your own or using something like the Tesla PowerWall product?
What is the motor design (Azipod type or traditional inboard drive and drive shafts?). Are you considering surface piercing props? (which I just learned about from looking a Stealth Yachts site). I’d love to see a graph of expected speed Vs. power draw and resulting range. Can you run the motors backwards when anchored in a mild current and recharge the batteries while you are using them to run all the boasts systems?
Stealth also has very efficient hulls (though still single piece), has plans for hybrid and/or all electric vessels and has at least 1 existing conventionally powered craft so they have construction infrastructure. Also I understand that Lagoon around 2008 offered the Lagoon 400H, which was a hybrid. But has since discontinued it with no replacement. Do you know what problems they had that lead to its demise? (i.e. know your competition).
The 50NM range may indeed fall well within the needs of many users, however just like with electric cars its not the actual range needed that counts but the range needed to not give the owner “range anxiety” that is the limit. This is one reason why electric cars did not start growing until the range got close to 300 miles despite most trips being less than 10 miles (cost being the other). That need not stop you from offering a limited range first product but, like Tesla with the roadster, you might want to consider not attempting to have your first product be your Model-S.
I think getting into production with $1M is extremely optimistic. I’m a programmer not a boat building but, you are building a lot of your own stuff and especially for the hulls that will require equipment and expertise and neither of those is inexpensive. For $800K (which I think is quite reasonable) buyers are going to want outstanding fit and finish of the interior as well as SOTA construction and materials for the structural elements (e.g. another good comparative use for the Lagoon 450). Not only do I suspect that you will need much more money (more like $5 million) but I think you may be overestimating how you can use deposits.
Once you actually start on a hull the deposit can become non-refundable, but until that I suspect you will have to allow for a full refund, which means it has to go into escrow. I also think you will have to be prepared to give up a lot of stock. You will need a very skilled and experienced team to pull this off and they will want to get paid at least a decent salary (everyone has expenses) and get significant stock. There is nothing more demoralizing then thinking “why is he getting so much, sure he is the founder, but we are making it happen”. A founder keeping a majority of the shares has happened in high tech startups but it is extremely rare. To be successful you must be able to enroll your team in your passion for this project and that will include sharing the credit, the money, the stock, everything. You can not do it alone.
You mentioned autopilot for the sailing aspect, but I suspect this is even more required for docking and undocking. For the first time boat owner thinking of such a purchase I think that it’s negotiating the harbor that is most intimidating. A system that could provide a variety of levels of very intelligent automation to make this process, with current and wind etc, easy for the inexperience owner, might be a game changer.
Which leads me to ask what is the information architecture of the Quad-44? Is it a distributed system with multiple redundant networks, or centralized control, or ? Personally I’d look into treating the entire boat like a large robot and using ROS to coordinate it all.
You tout having a RDBMS for all components. That’s good but hardly ground breaking. A more interesting use of this would be to include it with each vessel to allow the owner to have at their fingertips the exact model number, maintenance schedule and procedures, ordering information, schematic, installation and removal instructions, and so on for everything on the boat with full access to the 3D CAD info to show how and were it fits. Does the CAD model include detail down to each and every fastener and the room needed to access them?
Ok, that’s enough, too much likely. But like I said it’s a very interesting project, I really hope you pull it off.
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Steve Salani
Quad Marine
•
6 years ago
Recent news from the automotive industry indicates a very bright future for electric propulsion and related technologies. Volvo announced that it will introduce five new electric vehicles between 2019 and 2021, and that all subsequent models will be either electric hybrids or 100% electric. The Volkswagen Group (VW, Audi, Porsche, Lamborghini, SEAT, Skoda) has also committed to electrifying its entire car lineup by 2030. VW Group chairman Matthias Müller stated that “The transformation in our industry is unstoppable.” As a similar transformation begins to sweep through the marine industry, Quad Marine is well-positioned to ride the wave with the Quad 44!
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Gerardo Barron
6 years ago
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