Kiwibot

Robotic system that helps companies deliver safely and timely to their customers

Analytics

Raised to Date: $704,721

Aggregate Commitments $
Platform

Wefunder

Start Date

08/11/2020

Close Date

01/07/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$25,000,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

1,409%

% of Max. Goal

66%

Likelihood of Max
Funded
Avg. Daily Raise

$4,730

# of Investors

840

Momentum
Funded
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Location

Berkeley, California

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

Kiwibot, with a valuation cap of $25 million, is raising crowdfunding on Wefunder. The company has built a robotic delivery technology platform that helps companies deliver safely and timely to their customers. Kiwibot is focused on providing an end-to-end robotic infrastructure to restaurant chains. Felipe Chavez Cortes, Sergio Pachon, and David Rodriguez founded Kiwibot in 2016 and has raised over $5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for new robot development, hiring, and other expenses. Kiwibot has completed over 100,000 deliveries worldwide and has key partnerships with Shopify, Rappi, Ordermark, and the City of San Jose.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$279,302

$136,804

COGS

$455,503

$142,126

Tax

$0

$0

 

 

Net Income

$-2,621,693

$-1,392,124

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$108,223

$195,364

Accounts Receivable

$0

$0

Total Assets

$433,894

$639,940

Short-Term Debt

$420,047

$0

Long-Term Debt

$26,809

$26,809

Total Liabilities

$446,856

$26,809

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