Scooterson Inc

Intelligent Electric Scooters

Scooterson Inc

Intelligent Electric Scooters

San Francisco, CA
Technology
Engineered from scratch and manufactured at high-quality standards using high-end materials and components, our scooters are intelligent, energy-efficient, super easy-to-ride and fully controlled from your smartphone. Scooterson is currently pre-revenue and in the early stages.

$15,535

raised
$398,412
previously crowdfunded
21
Investors
$19M
Valuation Cap
1.0%
Annual Interest Rate
$250.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
06/30/23
Maturity Date
Reg CF
Offering

$15,535

raised
$398,412
previously crowdfunded
21
Investors
$19M
Valuation Cap
1.0%
Annual Interest Rate
$250.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
06/30/23
Maturity Date
Reg CF
Offering

Rewards

Get rewarded for investing more into Scooterson Inc:

$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.
$250+
Investment
Tier 1
1x Coupon of $250 to be redeemed when you purchase a Rolley+ scooter.
$500+
Investment
Tier 2
1x Coupon of $500 To be redeemed when you purchase a Rolley+ scooter.
$1,000+
Investment
Tier 3
1x Coupon of $1000 to be redeemed when you purchase a Rolley+ scooter.
$2,000+
Investment
Tier 4
2x Coupon of $1,000 (total worth $2000) to be redeemed when you purchase up to 2 x Rolley+ scooters (only one coupon can be redeemed per scooter).
$5,000+
Investment
Tier 5
4x Coupon of $1,000 (total worth $4,000) to be redeemed when you purchase up to 4 Rolley+ scooters (only one coupon can be redeemed per scooter).
$10,000+
Investment
Tier 6
1x Free of charge Rolley+ scooter with free Carbon finish upgrade (Total worth $3,490), Investor Edition Engraving, and 5% bonus on the Convertible Note interest rate.
$20,000+
Investment
Tier 7
2x Free of charge Rolley+ scooter with free Carbon finish upgrades (Total worth $6,980), Investor Edition Engraving, and 10% bonus on the Convertible Note interest rate.

Reasons to Invest

Raised $ 3.2M+ from over 1,100 investors in the previous Reg-CF and Venture Capital from HAX SOSV, Elev8.VC and Angel Investors.
5 patents granted, 3 patents pending, covering USA and EU territories.
B2C and B2B pre-sales worth more than $1M.

The PRoblem


Today's micro-mobility products are technologically outdated


In the age of smartphones, apps, and artificial intelligence, the majority of modern scooters still use the technology of the '90s. Today's tech-savvy customers have to buy aftermarket products to add the features they need.


Low-quality and poor design

With a few exceptions, all scooters are built in Asia, from low-quality components. The complete lack of good industrial design creates the perception of an ugly, awkward-looking product or kids toy. Millennials don't want to be ridiculed for riding a cheap-looking product.


No alternatives to ownership

In the time of COVID-19, when scooter-sharing is avoided, there are no viable options for the riders who don’t want the burdens of ownership. 

The Solution




*The image above is a computer-generated and rendered image of the Scooterson's concept prototype, winner of the Red Dot Award.

The scooter of tomorrow

By innovating and developing new technologies for micro-mobility, we’ve created a line of intelligent, energy-efficient, and easy-to-ride scooters, fully controlled from your smartphone, for the best riding experience possible.


A piece of art

Scooterson's award-winning scooters are engineered from scratch and manufactured at the highest quality standards using high-end materials and components.


Carefree ownership

With our monthly subscription, valet, and concierge service, we remove the burdens of ownership, leaving only the joy of riding.

The Product


An advanced electric scooter


Our flagship model Rolley was designed from scratch, using the latest technologies and space-age materials, and features a range of intelligent features for a seamless customer experience. 


A complete product range



Fully controlled by Scooterson Mobile App


*The above graphic contains images of our beta app which is currently not available for general use.


Deep-tech innovation

For B2B fleets repositioning operations, our teleoperation capabilities can significantly lower the operational cost and create social impact jobs for disabled persons, working from their home.Using our own Rolley model as the vehicle platform, we designed AIR scooter to be an end-to-end teleoperation and autonomous fleet rebalancing solution for micro-mobility operators.


In the first phase, the AIR scooter will use its cameras and ultrasonic sensors and retractable training-wheels to allow the operator to drive it remotely via LTE from a data center across the world. All telemetry data and video feeds will be stored in the cloud for later use.


In the second phase, the previously recorded telemetry data and video feeds will be used to train an A.I. operator. Starting with driving in straight lines, then progressively other operations such as changing direction, crossing roads and intersections, will be learned and performed by the A.I. driver.



AIR scooter demo teleoperation on the track at the LAcomotion  conference in Los Angeles

Traction


$1M+ in pre-sales


Scooterson is currently pre-revenue. From July 2020 to date, we pre-sold Ambassador Program pre-series scooters and signed a B2B deal, in a combined total worth more than $1M.


Grown in top accelerator

We are alumni of three startup accelerator programs—MVP Academy, an East-European pre-seed incubator, Enchant VC in Singapore, and HAX Boost IV in San Francisco - a growth program part of HAX, the world’s largest hardware accelerator. 



Awards and Accolades

Scooterson was a finalist at LA New Mobility Challenge 2017, a major global startup competition focused on urban mobility in Los Angeles, and was also a finalist at HowToWeb's Startup Spotlight 2015.



Red Dot Award 2018 Winner

In 2018 Scooterson won the Red Dot Award, the largest and most recognized professional design competition in the world.



Featured in:

Our Customers


Anyone searching for the best personal mobility device


Scooterson’s target audience is early adopters who are highly invested in personal lifestyle and are looking for alternatives to cars and public transportation that allow them to navigate efficiently and safely.




Fleet operators businesses

Scooterson Ride is a complete mobility solution for operating fleets of scooters for food delivery, small package delivery, rentals at tourist spots, or as a mobility solution on large residential developments, country clubs, and golf courses. It’s a perfect and cost-effective alternative to golf buggies, which are traditionally used in such places.

The business model


Direct-To-Consumer

Scooterson is a DTC brand that sells directly to our customers, bypassing any third-party retailers, wholesalers, or any other middlemen. With this model, we get a larger gross margin (up to 58%) and our customers can purchase the product at a more competitive price. We also plan to offer a subscription model pricing (monthly rental plan) for those who want to avoid the burdens of ownership.



“The information included above in forward looking information. Please refer to our risk factors section in our Form C and to our Forward Looking Information Legend included in our Terms section on this page


A large B2B market

Our B2B verticals are golf courses, country clubs, 5-start resorts, corporate campuses, university campuses, industrial parks, and any other places where golf carts are used.



“The information included above in forward looking information. Please refer to our risk factors section in our Form C and to our Forward Looking Information Legend included in our Terms section on this page

The market


The micro-mobility market is booming


Electric scooters have seen a huge surge in popularity over the last few years, fueled by the many scooter-sharing options. Lately, due to the Covid-19 pandemic, many customers preferred to own their vehicle, shifting the market trends from scooter-sharing to vehicle ownership and accelerating market growth.



Perfect timing

The micro-mobility market could reach $300B to $500B by 2030, according to McKinsey & Company.



A massive electric scooter opportunity

With the current traction on the micro-mobility market, the total e-scooter segment will be worth $41B by 2030, according to Grand View Research, while the electric kick-scooter segment,  currently at $567M in 2020, is expected to grow to  $3.9B by 2030. 


The Competition


Leaving the competition in the dust


By designing everything from scratch and avoiding off-the-shelf components, we've managed to best our direct competitors with a superior overall design at a better price.



The intelligent scooter that caters to your lifestyle

In the era of smartphones, apps, and artificial intelligence, it's time for an upgrade for the urban rider. We've introduced a smart layer in our scooters, now fully controllable from your smartphone.




The ugly bunch

The majority of scooters available are manufactured in China, from low-quality components and lack good industrial design. Our target customers are looking for premium products—they don't want to being ridiculed for riding a weird and cheap-looking scooter.


The vision


$100M+ in sales by 2023

Investors


$3.2M raised to date


Scooterson has gone through a few rounds of seed funding and one Reg-CF, raising a total of $3.2M+ from more than 1,100 investors. Noted investors include HAX SOSV and Elevate VC. These funds were used for business development, product development, prototyping,     road-testing, software development, building pre-production samples, building  the tooling, fixtures, and jigs, required for the mass-production assembly line.



Use of funds


This round is a part of our Pre-Series A Round. In the next 12 months, the combined funding of this round and the anticipated Series A round is intended for our product launch campaign, manufacturing costs, and further marketing and sales expenses.

Our leadership


The Scooterson story


In 1998, the 27-year-old Mihnea Chis started the first Internet Service Provider in his hometown. He exited the company a few years later to pursue a creative career as a film director for the next 15 years, under the artistic alias Mihnea de Vries. After this foray into film, he returned to the tech space with his second tech start-up KopterX, which built custom high-end cinematography drones.



In 2015, using his experience as a drone builder, Mihnea developed a prototype electric scooter. After seeing "wow" reactions on the street, he soon realized that electric scooters were the next big thing in urban mobility, and went on to start the Scooterson project in 2016.



Deepansh Jain is a serial entrepreneur from India. In 2011, while studying at India’s premier engineering college,  he founded his first startup Juvenis, which was acquired within two years of inception for half a million dollars. He then co-founded Shifu App, an AI-powered, context-aware personal assistant application, whose investors included Google executives. Shifu App was acquired by the leading Indian mobile wallet and e-commerce company, Paytm/Alibaba, in January 2016.

After exiting his second company, Deepansh traveled the world to speak at tech events, where he talked about how he incorporated AI algorithms into Shifu App. Mihnea approached him after an event in Budapest to discuss how AI algorithms could be implemented into smart electric scooters. A few days later, Deepansh joined Scooterson to implement A.I. optimizations and further the mission to create the best user experience on two-wheels.





THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

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Underline (⌘U)

In the Press

Electrek

Can this new fat tire low-rider finally make electric scooters cool?

Analytics India Mag

World’s first intelligent electric scooter?

Autoevolution

Meet Scooterson, the World's First Smart Electric Kick Scooter

TechCrunch

Our Pick Of 21 Interesting Startups From Web Summit

BW Disrupt

Serial Entrepreneur at it again with ‘Scooterson’ (Tesla for 2 Wheelers)

E27

Now, Scooterson’s AIR smart scooter can be moved from one place to another remotely

E27

Scooterson launches light-weight foldable smart e-scooter

Your Story

Scooter of the future: Scooterson rides the AI wave with electric two-wheeler

Yanko Design

READY, SET, SCOOT!

Electrek

This giant-wheeled electric scooter makes some bold self-driving claims

Offering Summary


Company

:

Scooterson Inc.

Corporate Address

:

548 Market St #71050, San Francisco, CA 94104

Offering Minimum

:

$10,000.00

Offering Maximum

:

$145,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

June 30, 2023

Valuation Cap

:

$19,000,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

1.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in Scooterson Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $19,000,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 1.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



The Company currently has approximately $[312,000 in SAFEs (subscriptions receivable) outstanding. Please refer to the Company Securities section of the Offering Memorandum for further details regarding current outstanding convertible securities which may affect your ownership in the future.

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

Time-Based Perks*

$300+ | $300

1x Coupon of $600 to be redeemed when you purchase a Rolley+ scooter.

Time-Limited for the first 30 days

$400+ | $400

1x Coupon of $800 to be redeemed when you purchase a Rolley+ scooter.

Time-Limited for the first 30 days

$4000+ | $4000

1x Coupon of $2,000 to be redeemed when you purchase a Rolley+ scooter.

Time-Limited for the first 30 Days

$8000+ | $8000

1x Free of charge Rolley+ scooter (worth $2,990), 1x Coupon of $500 to be redeemed when you purchase a Rolley+ scooter, 1x Free Carbon Finish Upgrades (worth $500), Investor Edition Engraving.

Time-Limited for the first 30 days

 

Amount-Based Perks

$250+ | Tier 1

1x Coupon of $250 to be redeemed when you purchase a Rolley+ scooter.

$500+ | Tier 2

1x Coupon of $500 To be redeemed when you purchase a Rolley+ scooter.

$1000+ | Tier 3

1x Coupon of $1000 to be redeemed when you purchase a Rolley+ scooter.

$2000+ | Tier 4

2x Coupon of $1,000 (total worth $2000) to be redeemed when you purchase up to 2 x Rolley+ scooters (only one coupon can be redeemed per scooter).

$5000+ | Tier 5

4x Coupon of $1,000 (total worth $4,000) to be redeemed when you purchase up to 4 Rolley+ scooters (only one coupon can be redeemed per scooter).

$10,000+ | Tier 6

1x Free of charge Rolley+ scooter with free Carbon finish upgrade (Total worth $3,490), Investor Edition Engraving, and 5% bonus on the Convertible Note interest rate.

$20,000+ | Tier 7

2x Free of charge Rolley+ scooter with free Carbon finish upgrades (Total worth $6,980), Investor Edition Engraving, and 10% bonus on the Convertible Note interest rate.

*All perks occur when the offering is completed.

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. Salary payments made to one’s self, a friend or relative. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$741,593.00 USD
$78,850.00 USD
Cash And Cash Equivalents
$86,163.00 USD
$60,089.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$325,471.00 USD
$50,363.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$4,900.00 USD
$0.00 USD
Costs Of Goods Sold
$4,900.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$478,131.00 USD
-$954,050.00 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

A glimpse in the future products roadmap

about 1 month ago

A glimpse in the future products roadmap

Scooterson Tree - The Charging Station


We believe that things around us would be beautiful, not just utilitarian. This is why we wanted to design a charging station that can be easily mistaken with an urban art installation and bring visual joy.

This charging station is intended for the B2B fleet operators like golf courses, country clubs, corporate campuses, university campuses, residential developments, and any other places where golf carts are used.

Each of the tubes has a LED strip with an animation suggesting the charging level. This charging station will be made-to-order only for the B2B customers who purchased fleets from Scooterson, starting in 2022. 

Patent Pending. A patent application was already filled for this product and is expected to be granted soon.

Click here to invest now

#RideScooterson 🛴🛵

Deep-Tech Innovation as Competitive Differentiator. 🤔💡

about 2 months ago

We hit our minimum goal! 💥 


A big Thank You to all our early investors for helping us reach the minimum goal!


Deep-Tech Innovation as Competitive Differentiator.

At the LaComotion Mobility Conference in Los Angeles, we announced a new product codenamed AIR, short for Artificial Intelligence and Remote operations.


Using our older version Rolley model as the vehicle platform, we designed AIR technology to be an end-to-end teleoperation solution and later, an autonomous fleet rebalancing solution for micro-mobility operators in 5-star resorts, golf courses, corporate campuses, industrial parks, and anywhere else our product can replace golf carts.

In the first phase, the AIR scooter will use its cameras and ultrasonic sensors, and retractable training wheels to allow the operator to drive it remotely via LTE and 5G, from a data center. All telemetry data and video feeds will be stored in the cloud for later use.

In the second phase, the previously recorded telemetry data and video feeds will be used to train an A.I. operator. Starting with driving in straight lines, then progressively other operations such as changing direction, crossing roads and intersections, will be learned and performed by the A.I. driver.

AIR is developed to fix a series of problems for micro-mobility operators. It is specifically designed to lower operational costs by reducing the personnel required to rebalance the fleets on the streets or deal with footpath obstruction and urban clutter. It is also designed to curb the misuse by recording errant user’s actions and restrict access to service or in vandalism cases, providing the footage to the authorities for building a lawsuit against the perpetrator.

AIR is also designed as a superior form-factor than the stand-up kick-scooters used in scooter-sharing operations. Having a seat, better stability and handling is making AIR very easy to use even by those who have never ridden a bicycle. AIR is not only providing a better riding experience but also a safer one. Its ultrasonic sensors are used to stop the motor and alert the rider via sound if an obstacle of any sort appears in the way.

We will continue to improve this technology from a demonstrator vehicle to a commercially viable version and build a deep-tech competitive differentiator.

Click here to invest now

#RideScooterson 🛴🛵

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