2021 is a pivotal year for the development of Body Rocket technology as we prepare for a big commercial launch. We now have a huge opportunity to scale with a mass-market lower-cost product. With a cap of £350k, this is a chance to invest before we look to launch a seed round at a higher valuation
This is a private opportunity only available to you, our existing investors, ahead of our major financing round which we aim to launch at a higher valuation.
Since the last round, we've made significant leaps in our developments, are preparing for the imminent launch of our road prototype and have created product concepts. We are now ready to launch a limited pre-order campaign.
With a revised strategy, we have an opportunity to scale the business significantly compared to prior projections, by producing a mass-market lower-cost AI product comprising a power meter and aerodynamic sensor.
Our new tech collaboration with leading Swiss bike brand BMC also allows us to explore ingredient branding and licensing to bike manufacturers for premium products, dramatically increasing our brand value.
Furthermore, we believe that future exit opportunities can be significantly improved by the possibility to move to a licensing model with cycling technology companies that could further expand the market and reach for Body Rocket's technology through our licensed partners.
Thank you for your continued backing and for being part of this exciting journey. This round will help us to complete the necessary steps for our next major financing round in early Q3.