The Wetboard offering is now closed and is no longer accepting investments.

Wetboard

Electric water ski-wakeboard hybrid

Regulation Crowdfunding
Bellevue, WA
Transportation
Accepting International Investment

Make Your Wake with the World's First Electric Water Ski-Wakeboard Hybrid

Invest in Wetboard

"As a kid growing up near Minneapolis, I was an avid water skier and wakeboarder, but I was frustrated with having to rely on my parents to take me to the lake and tow me. I wanted to motorize a ski and eliminate the need for boats altogether, so I set out to build my first prototype of the world's first electric water ski-wakeboard hybrid: the Wetboard.


In 1981, when I was about 13, I began to work on my first prototype. I did all the fabrication myself, but the first design was clunky and probably wouldn’t have worked. As it turns out, that prototype wouldn't even hit the water because in 1986, I accidentally burned my parents' house—and prototype—to the ground.


Over the years, I continued to redesign my board, researching the technology it would take to build it. In 2015, I came across a new style of motor, and the design evolved into what it is today. A Wetboard is different from its primary competition, the powered surfboard, in that it is much smaller, and I expect it will be more maneuverable and outperform its rivals. The propulsion system and impeller are also unique in design and are presumably much more efficient than those of the powered surfboard. 


All I really want to do is ride a Wetboard—that's why I've been working on it most of my life, and I'd love to share the thrilling ride with you. Let's build it!"



- Chris White

Wetboard Founder and CEO


The Opportunity

Investment
$2.00/share of Common Stock│When you invest, you are betting the company’s future value will exceed $1,707,000.


Perks

$150 — If you invest $150, you will receive 75 shares and a vinyl Wetboard car decal.

$250 — If you invest $250, you will receive 125 shares, a Wetboard T-shirt and a vinyl car decal.

$1,000 — If you invest $1,000, you will receive 500 shares, a 10% discount off the purchase of a Wetboard ($749.50 value), a Wetboard T-shirt and a vinyl car decal.

$2,000 — If you invest $2,000, you will receive 1,000 shares, a 20% discount off the purchase of a Wetboard ($1,499 value), a Wetboard T-shirt and a vinyl car decal.

$10,000 — If you invest $10,000, you will receive 5,000 shares, a free Wetboard ($7,495 value), a Wetboard T-shirt and a vinyl car decal.


*Perks occur after this offering is completed, or after we are manufacturing Wetboards.

Our goal is to create the smallest, lightest, highest-performing and most dynamic self-powered board to ever hit the waves. We believe Wetboard will define a new, greener era in water sports.

What's Next for Wetboard

Now that we have nearly completed the design for our revolutionary electric-powered board, Wetboard, Inc. is ready to start building our prototype and run product testing. After securing initial funding, we will aim to complete our first prototype by March 2018, and by the end of April 2018, we hope to have completed beta testing and even more design improvements. Our plan is to begin production and sales of a perfected final product by August 2018.

Key Relationships
We have already developed important relationships with key vendors that will allow us to acquire high quality components at competitive prices, and we expect to have a Wetboard assembly and distribution facility in Washington State. We intend to sell Wetboard direct-to-customer online in the United States, and we are actively looking for foreign distribution partnering opportunities abroad.


Marketing Strategy
To get the word out about Wetboard in the water sports community, our marketing strategy consists of viral videos and social networking that would launch in the summer of 2018, following the production of our prototype board.


Shipping Production
Shipment of the first production Wetboard is planned for August 2018.

Our Product Line

Shark

The Wetboard Shark will be best suited for lakes and calmer waters, as well as a board for executing tricks. Our proprietary propulsion system is designed to be built right into the core of the deck, creating a sleek, compact profile.

Wave Rider

The Wetboard Wave Rider is expected to perform best in waves and more turbulent waters, as the propulsion system is modular and fully submerged, reducing cavitation for a smoother ride. The Wave Rider will likely be our first prototype and the first model on the market.

The Wetboard Difference

Water sports are a fun pastime, but for many people, the equipment it takes to get from the couch to the waves is too expensive and too much of a hassle. Unlike the simple act of swimming, activities like water skiing and wakeboarding require not only sporting equipment and life jackets, but also a boat to tow riders and a trailer to get that boat to and from the water.


For the thousands of adventure seekers and recreational water sports enthusiasts, options are limited to overpriced waterside rentals or even pricier boat and trailer ownership. What about those people who just want to hop in the car, head to the water and spend the day riding the waves? Jet-powered surfboards exist, but there are no options for water skiers and wakeboarders who want to do more than what these bulky boards can allow.


Wetboard will be a new option for these thrill-seeking riders.


Wetboard, Inc. seeks to provide water sports participants with a more exhilarating, unhindered experience than water skiing or wakeboarding without the inconvenience of trailers and tow boats. Complete with a revolutionary design, an innovative propulsion system and our state-of-the-art impeller, the Wetboard should blow other motorized boards out of the water.

Innovative Design

Small in size but big on power, Wetboard’s inventive patent pending design outshines the competition. Its powerful propulsion system and lightweight form enable riders to maneuver in ways that are not possible on larger powered surfboards.


Revolutionary Propulsion System

Wetboard will be powered by our patent pending new propulsion system. To maximize efficiency, our propulsion system directs water through an ultralight, high-torque ring-shaped motor. 


Proprietary Impeller

In water sports, thrust matters. That’s why Wetboard designed a proprietary Active Draw Funneling Impeller, which should more than double the water-intake volume, delivering approximately 2.25 times more thrust than traditional propeller configurations.

Defining a New Era in Water Sports

By eliminating the hassle and expense of boat towing and trailers that come hand-in-hand with traditional water sports, we believe that Wetboard will open up the door for the thousands of interested participants who, until now, had no way of getting on the waves.


With Wetboard, we are shaping a new and exciting era in water sports.

Raising $107,000 via equity

Traction and milestones

  • Patent pending, one-of-a-kind design
  • Proven team of entrepreneurs and business professionals
  • Completed preliminary product design


Use of funds for immediate offering ($107,000)

$10,700 Offering Expenses
$8,000 Accounting
$88,300 Working Capital and Reserve


Use of funds for first closing of offering ($10,000)

$1,000 Offering Expenses

$8,000 Accounting

$1,000 Marketing

A Swelling Market Opportunity

Every year, recreational water sports get more and more popular, and the markets that support them (including US personal watercraft manufacturing markets) show continual year-over-year growth. In 2015, the recreational boating products sales revenue reached $13.1B, and between 2013-2018, will experience a 6.1% annual growth rate. That growth is even larger when considering the personal watercraft manufacturing market, which will reach $859M and a 9.6% growth rate by 2018.

Market Research Report by Freedonia


Market Research Report by IBIS World

We believe Wetboard is a unique, one-of-a-kind product that is well-suited for a market hungry for new tools and toys. It is our hope that Wetboard will drive high demand and carve out its own space in a very large and expanding market.

Who Will Ride a Wetboard?

While many Wetboard riders may be younger adults, the target sales audience is adults with disposable income who:

  • Are avid water skiers and wakeboarders
  • Regularly visit resorts and vacation spots
  • Buy boats, kiteboards, sailboards and personal watercrafts
  • Own lake and vacation homes
  • Have children who participate in recreational water sports

Additionally, there is a separate market for the Wetboard at resorts, hotels and vacation rental locations that want to provide a fun, unique and easily managed activity for guests to enjoy.

Our Revenue Model

Wetboard is now in the pre-revenue stage of development, but within five years of initial product launch, we hope to reach $14.993M in revenue a year.

Competitive Landscape

We feel that Wetboard is the very first product of its kind to hit the market. The closest competitors of our revolutionary product include many different powered surfboards such as Aquila, Lampuga, Onean, Radinn and Waterwolf. However, we believe none of these compares to the unique design characteristics of the Wetboard.


Among gas-powered surfboards, our biggest competitor is Jetboard.

Jetboard

  • Most popular powered surfboard on the market
  • Gas-powered with unpleasant fumes
  • Messy, bulky and less maneuverable than Wetboard

The Wetboard Advantage

When we say there is no other board on the market like Wetboard, we mean it. To summarize some of our most original and competitive advantages:


  • Wetboard doesn’t require a tow boat or trailer
  • As an electric piece of equipment, it doesn’t need gasoline, eliminating mess, smell and hassle
  • Unlike the competition, Wetboard doesn’t float its rider. Rather, the forward momentum of the “vehicle” keeps riders planing
  • Our patent pending propulsion system and impeller designs are anticipated to be the most advanced on the market

Timeline

Offering Summary

Maximum 53,500 shares of common stock ($107,000)

Minimum 75 shares of common stock ($150)


Company
Wetboard, Inc.
 

Corporate Address
417 Bellevue Way SE, #202, Bellevue, WA 98004
 

Description of Business
Incorporated in Washington State, Wetboard, Inc. is a "C" corporation that will manufacture electric-powered personal watercraft.
 

Type of Security Offered
Shares of Common Stock
 
Purchase Price of Security Offered
$2.00 per share
 

Minimum Investment Amount (per investor) 
$150.00












Perks

$150 — If you invest $150, you will receive 75 shares and a vinyl Wetboard car decal.

$250 — If you invest $250, you will receive 125 shares, a Wetboard T-shirt and a vinyl car decal.

$1,000 — If you invest $1,000, you will receive 500 shares, a 10% discount off the purchase of a Wetboard ($749.50 value), a Wetboard T-shirt and a vinyl car decal.

$2,000 — If you invest $2,000, you will receive 1,000 shares, a 20% discount off the purchase of a Wetboard ($1,499 value), a Wetboard T-shirt and a vinyl car decal.

$10,000 — If you invest $10,000, you will receive 5,000 shares, a free Wetboard ($7,495 value), a Wetboard T-shirt and a vinyl car decal.

*Perks occur after this offering is completed, or after we are manufacturing Wetboards.

Irregular Use of Proceeds

The Company does not plan to incur any irregular use of proceeds. However, the identified uses of proceeds are subject to change at the sole discretion of the executive officers and directors, based on the business needs of the Company.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$9,826.89 USD
$8,709.65 USD
Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$11,364.90 USD
$9,157.07 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$29.83 USD
$306.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,090.59 USD
-$447.42 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

Notice of Funds Disbursement

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Wetboard 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 Wetboard 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

Wetboard In Talks With Potential Strategic Partner

almost 2 years ago

Wetboard has recently had extended conversations with an industry leading water sports manufacturers about a potential strategic partnership.



Thank you for all your support, and please share our campaign to help us make the Wetboard dream a reality!

Sincerely,
The Wetboard Team


Wetboard Receives Interest from Potential Distributors

almost 2 years ago

Potential distributors in Turkey, Peru and Ecuador are inquiring about distribution opportunities with Wetboard!




Thank you for all your support, and please share our campaign to help us make the Wetboard dream a reality!

Sincerely,
The Wetboard Team

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