Automatic Boat Trailer Loader - First to Market - Series B Round
| Categories: | Securities, Unissued Securities |
| Sale Type: | Asking Price |
| Price Guide: | NZD$1.5M raise @ NZD $1.25 per stapled security - NZD$814,000 already raised (Enterprise Value @ NZD $4.324M Pre-Money) |
| Status: | Closed |
Summary:
Automatic Boat Loader (ABL) is a patented world first disruptive marine technology that is now in market and expanding offshore from New Zealand foundations. The remote controlled, hydraulically powered ABL lets users launch and retrieve their boat without getting their feet wet and is 3 times faster than an electric winch. The ABL is first to market with no direct competition. This product is specified for alloy and fibreglass hulled boats in the 5-9 metre range up to 2,500kg.
Update: NZD $814,000 of the Series B round has now been raised (over-subscriptions with shareholder approval offered up to NZD $1.5M).
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