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186%
Raised
£280,070
Investors
303
Target
£150,000
Equity
17.18%
Pre-money valuation
£1,350,000

The company have designed and developed an exciting personal watercraft. Now at the production level, with early sales traction, their small electric watercraft blast you through the water - an exhilarating experience, which can also be used to reach people faster during a rescue.

  • Product developed with a patent pending and strong IP.
  • Production setup with UK assembly facility.
  • Initial sales traction and early stage discussions with distributors taking place.
  • Initial £150k seed funding achieved

Idea

Asap have developed a watercraft in for rescue and leisure, blasting you effortlessly through water.

Asap's founder noticed valuable time was wasted launching small boats/jetskis for rescue. Asap, therefore, designed watercraft which can be carried and launched immediately by one person. Asap’s custom built enclosed electric propulsion design jets you across lakes, rivers or through surf.

After experiencing the incredible feeling flying through water, Wave Jam was developed - Asap’s leisure model aimed at holiday parks, rental and private customers.

The water sports market is growing (+11% to $28.5bn by 2021) – global trends such as paddle boarding and inflatable water parks show more demand than ever for new water experiences.

Asap completed successful cave tour trials with Newquay Water Sport Centre, and is currently working to set up trials with a global Lagoon brand and Center Parcs as a new activity.

Working closely with a UK production facility, Asap is at production level with initial sales traction, worldwide patent pending, EU Design Registration granted and plans for fast international growth. Funds will be used to increase production capabilities, expand into new markets and grow the team.

This is your chance to invest in an exciting electric watercraft manufacturer, and to join Asap’s mission to explore our waters more, without harming them.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Asap Water Crafts has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.