Verispellis

ONE SKI AT YOUR CONTROL FOR ALL CONDITIONS.

Verispellis

ONE SKI AT YOUR CONTROL FOR ALL CONDITIONS.

NATICK, MA
Sports
Verispellis is a high-tech, active ski and snowboard platform that allows the user to “tune” ski performance based on weather and snow conditions and performance objectives. We believe we are creating one of the first major technology innovations since parabolic skis and deeper side-cuts in the 90s. With three patents, a fourth patent underway, and a 4th generation prototype, we anticipate targeting commercial introduction for the 2022/2023 ski season.

$52,598

raised
23
Investors
$12M
Valuation
$17.14
Price per Share
$257.10
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
Reg CF
Offering

$52,598

raised
23
Investors
$12M
Valuation
$17.14
Price per Share
$257.10
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Verispellis:

$246+
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.
$500+
Investment
$500+ | 15% off Skis + Merch
15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat
$1,000+
Investment
$1,000+ | 20% off Skis + Merch
20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$2,500+
Investment
$2,500+ | Bonus Shares + 30% off Skis
3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$10,000+
Investment
$10,000+ | 10% Bonus Shares + Skis
10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$25,000+
Investment
$25,000+ | Ski with an Olympian
15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

Reasons to Invest


  • We have created one of the first pairs of skis / snowboards instrumented with digital, electronics & metallurgical technology to change physical performance characteristics on demand.
  •  The global ski gear and equipment market was valued at around $1.22 billion U.S. dollars in 2018, and was forecast to reach about $1.74 billion U.S. dollars by 2028 (source). 
  • Led by an experienced team with previous exits and deep industry knowledge.




Overview


Cutting edge skis and snowboards


Verispellis aims to revolutionize ski and snowboard technology - using digital, electronics, and metallurgical technology.


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


It all began when two Boston area medical professionals joined forces to explore the possibility of applying shape memory alloys - a cutting-edge material used in medical devices (source) - to ski and snowboard technology. 


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


Also known as Nitinol, this material helped to create a pair of our “shape-shifting” skis and snowboards. Because of its flexible properties and basic structure on a molecular level - Nitinol can respond to changes in temperature. Perfect for something often so unpredictable like snow and weather.


With this, we think Verispellis may be the most innovative concept since shaped skis were developed in the late 80’s early 90’s (source).


*The above is a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.



The Problem


Ski technology has changed very little over the past few decades


Weather conditions change hourly and in this day and age, we think skis should be made to adapt to these conditions.


We feel we will bring skiing and snowboarding into the twenty-first century. Not only by incorporating this cutting-edge material, but going even further by connecting them to smartphones.



The Solution


Introducing a paradigm shift in snow sports


We believe Verispellis will bring innovation to the winter sports market by offering skis with variable torsional stiffness and rocker, plus added vibration control – all from the tips of one’s fingers.


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


Here are the specs behind our game-changing  technology:


  • Instrumented with digital, electronic, & metallurgical technology to change physical performance characteristics on demand
  • Ability to control skis and/or snowboard characteristics via any smartphone
  • IoT component to connect skis and/or snowboard to the internet
  • Built in sensors to provide live skiing / boarding performance data to user
  • Ability to collect data lake on ski performance, mountain/trail conditions, and weather for analytics and future monetization
  • Ability to digitally customize ski mechanics to match user ability and performance demands


These shape memory alloys change the physical properties of skis and snowboards on demand -  all via a smartphone app.


*The above graphic contains images of our beta app which is currently not available for general use and a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


That means the skier or boarder can adjust the stiffness of their ski or snowboard based on changes in the snow condition or type. By inserting Nitinol in key locations of the ski or snowboard, and modulating the stiffness of the Nitinol sheets via a Bluetooth connection and mobile application - the entire performance of the ski or snowboard can be changed in a matter of seconds. 


We do this by utilizing the Internet of Things (IoT) capability through inclusion of sensors to collect live usage data.


*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.


We will use a royalty-based business model from top 3 manufacturers, as winter sports are our initial market focus. That means...

  • Limited engineering professional services
  • Low capital requirements 

The Market


Skiing is trending upward 

The global ski gear and equipment market was valued at around $1.22 billion U.S. dollars in 2018, and was forecast to reach about $1.74 billion U.S. dollars by 2028 (source).



Not to mention…

  • Alpine Touring Backcountry is experiencing significant growth (source)
  • There is a 75% Growth in Pass Sales at Vail Resorts from  2021 to 2022 (source)


We believe we will have a first mover advantage in incorporating this level of technology into winter sports, so you could say we think we are miles ahead in the competition. 

Our Traction


Let's get ready for the 2022/23 ski season

Our current Active Control System version and prototype skis are mature enough to complete industrialization to be commercially ready for the next ski season.


Here’s how we got here:



We already have collaborations in place, and are working to partner with one major ski/snowboard brand for co-development.


So far, people are raving about our skis:


**Tim Petrick & Arman Serebrakian are paid-partners of Verispellis

Why Invest


We think snow sports technology is about to make significant strides


And we anticipate being a part of that change. 


Our vision is to have an exit strategy through sales/licensing, making our technology available through major brands in the industry.


Until then, we plan on using this raise towards the development of consumer-ready products, our marketing campaigns, industry demos, and cultivating industry relationships.


*The above graphic contains images of our beta app which is currently not available for general use and a rendering of a future product. Images are demo versions. Product is still currently under development not yet available on the market.


We are experiencing a renewed interest in snow sports, where people are rushing back to the mountains (source, source) - join us as we align with this renewal and bring a technology-enhanced product to the market.


Invest in Veripellis, and invest in the potential future of winter sports.

 



Offering Summary


Company

:

Verispellis Skis + Snowboards, Inc.

Corporate Address

:

8 Pleasant St. S, Unit D Lower Level, NATICK, MA 01760

Offering Minimum

:

$9,992.62

Offering Maximum

:

$999,999.02

Minimum Investment Amount

(per investor)

:

$257.10











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

583

Maximum Number of Shares Offered

:

58,343

Price per Share

:

$17.14

Pre-Money Valuation

:

$11,998,000.00











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


Investment Incentives and Bonuses*


Time-Based:

Friends and Family Early Birds

Invest within the first 72 hours and receive 20% bonus shares.

 

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares.

 

Early Bird Bonus

Invest within the first two weeks and receive a 10% bonus shares.

 

Amount-Based:

$500+ | 15% off Skis + Merch

15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat

 

$1,000+ | 20% off Skis + Merch

20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$2,500+ | Bonus Shares + 30% off Skis

3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$10,000+ | 10% Bonus Shares + Skis

10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

$25,000+ | Ski with an Olympian

15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters

 

Audience-Based:

 5% bonus shares for previous investors and kickstarter backers


The 10% StartEngine Owners' Bonus

Swiss Precision 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 $17.14 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1714. 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 and the Audience-Based bonus in addition to the aforementioned bonus.

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: Inter company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$256,329.00 USD
$11,525.00 USD
Cash And Cash Equivalents
$256,329.00 USD
$11,525.00 USD
Accounts Receivable
$256,329.00 USD
$11,525.00 USD
Short Term Debt
$129,910.00 USD
$86,215.00 USD
Long Term Debt
$647,000.00 USD
$262,000.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$183,893.00 USD
-$44,480.00 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

Nitinol - a Magical Material

6 days ago

Nitinol is an alloy of nickel and titanium, discovered by Buehler and Wang at the Naval Ordnance Laboratory in the late 50s. At the time, they were working to develop a better missile nose cone material to withstand heat, fatigue and impact.  As the team was evaluating the crumpled samples made at the lab, one of the lab members applied heat from his pipe lighter to the sample. Almost magically, the sample reverted to its original straight shape.  And just like that, Nitinol was born.

Today, we use nitinol in a variety of devices, including the stents that are placed in patients with occluded vessels.

This curring edge material is also an effective damper.  So, at baseline, it reduces unpleasant chatter in skis and boards.

Another great reason for you to invest in Verispellis,

Using Science and Technology to Advance Skiing and Snowboarding Experience

12 days ago

Both founders of Verispellis are trained scientists, hence their desire to apply the scientific method in their quest to design the next generation of snow sports equipment.  They created precise models of their skis in a computer and assigned realistic material properties to them, so they could test different designs using finite element modeling.  Their models are accurate to within 0.5% of actual testing results. This robust modeling allowed them to optimize the design of their skis through a deliberate and iterative process, to choose the design for optimal performance at the lowest cost. They have also built a testing system that could be housed in a walk-in freezer, so they could test the skis in below-freezing temperatures.

Another great reason for you to invest in Verispellis,

Why Should You Invest in Verispellis!!!

19 days ago

This startup is a product of our passion for the sport and our love for the outdoors.  As an avid skier myself and a father two boys who love the sport, we take significant pride in our ability to bring innovative ideas to our sport. Our skis and snowboards bring cutting edge technology to improve our experience and offer a means to evaluate our performance on any given trail and condition. 

We hope you enjoy our work as much as we do,

Join us for a great adventure and invest in Verispellis,


Invest in the Future of Skiing and Snowboarding - Verispellis Skis + Boards

20 days ago

We invite you to learn more about our recent accomplishments at Verispellis, and if it’s right for you, we can’t wait for you to join us as an investor and become a part owner of our company. 

We have developed the world's most technologically advanced skis and snowboards. The industry has not seen any disruptive innovation since the introduction of parabolic skis in the 90s. Our technology has made significant strides in making the elusive one-quiver ski a reality.

Invest in Verispellis Today,


Off to a Fantastic Start

21 days ago

We are off to a great start, thanks to you all

Please check out our campaign and see what the future of skiing and snowboarding could look like.

invest in Verispellis,

Last Day to Take Advantage of 20% Bonus Stock

24 days ago

We're live and off to a good start,

Please take advantage of the opportunity and invest in the next two days for your bonus 20% stock.

You'll be part owners of the most technologically advanced ski/snowboard company.  We invite you to join us for a rewarding journey,

Team Verispellis

Our first full day of campaign

25 days ago

We're live and off to a good start,

Please take advantage of the opportunity and invest in the next two days for your bonus 20% stock.

You'll be part owners of the most technologically advanced ski/snowboard company.  We invite you to join us for a rewarding journey,

Team Verispellis

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