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A feel good investment offering 1.5 X on a loan.\r\n","story":"Able bodied children access education and engage in rich social opportunities. For the 8 million children with mobility disabilities, these basic human rights are often denied. Without a proper wheelchair these children miss out on their childhood and experience preventable secondary medical complications. Increasingly, hearts – and funding – have moved to the needs of these children. This is marvelous and underreported good news. Unfortunately, reasonable quality wheelchairs are absurdly expensive.Product1 solves problems with affordability, durability, and ease of provision for lower income countries, a rapidly growing $69M market, and offers an affordable product for US customers, a $100M market. This cross subsidy marketing strategy affords healthy margins, brand awareness, and product feedback from the US market; and, allows economies of scale and massive social impact through discounted sales to lower income country markets.A Social Impact and\u0026nbsp;Business OpportunityNow is a pivotal time when a scalable, commercial solution is needed to fulfill requests by governments, non-profits, and parents - both in the USA and abroad.Lessons learned from the global fight against HIV/AIDS, like pooling procurement from smaller nations, are being used to serve kids with disabilities. The World Health Organization, the UK, the USA, and the Norway governments have joined forces. Together they are pushing for governments to do their job and serve these kids.What Makes This Wheelchair SpecialAfter seeing our prototype, over 120 experts, users, and parents have agreed that\u0026nbsp;Product1 solves big problems for users and caregivers.A Different Kind of CompanyParticipant will be a lasting company that serves basic needs for decades - we're not selling out to a big company.\u0026nbsp;Our mission is to increase the participation of people with disabilities by making affordable, user-centered products. As a Public Benefit\u0026nbsp;Corp (B-Corp Pending), our starting point puts users’ needs and massive-scale impact at the center of our vision. American users are fed up with outrageous prices, delays, and broken chairs. We're out to change that.Our designers are watching the near horizon for the distributed manufacturing revolution. Currently, designs are being simultaneously developed for conventional methods and for localization with 3D printing. (Revenue for repayment of this debt investment will come\u0026nbsp; from conventional manufacturing, not from industrial 3D printing.) When 3D printed parts are commercially viable, new opportunities will open for production near to users and\u0026nbsp;employment for people with disabilities.","quick_facts":["Delighted customers - Letters of Intent to buy 2,500 wheelchairs/year, $750,000 revenue.","Price advantage - our price $800 vs USA market price $2,300. 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For investors who state a high amount,\u0026nbsp; a couple screening questions will pop up. These are Left \u0026lt;--\u0026gt; Right sliders for Net Worth and Annual Income. From that data, you'll see your limit."},{"question":"Hi, I'm in, and may go bigger. Definitely a win-win type of investment. Quick questions: 1. At both minimum and maximum raise levels, what will be your runway? 2. How much does it cost to produce a chair right now, and how many chairs will you need to produce and sell per year...","answer":"Thanks. Great questions!1. A minimum our runway is 12 months assuming worst case scenario as far as costs and revenue, with months of delays to market. The maximum would be at least 12 months beyond that, launch of several other products, and the next raise would likely be an equity A round.2. Today we're making expensive prototypes and with @AutotivMFG support (most recent partner) prototype cost is down to $5000. Mass production units will be around $220. With our tiered pricing, contributi..."},{"question":"Thanks Keoke, that all sounds good to me, and I appreciate your transparency. Excellent that you have that partnership with NIssin - looking online it seems as though they have a good reputation and highly rated products. Quick follow-up: Is that dramatic decrease in manufactu...","answer":"We are happy to be transparent. You deserve to know what you are getting into.Yes, Nissin has been a leader in the Japan market for decades. We are delighted with the partnership.The cost difference\u0026nbsp;comes from standardization and high volume production. And, to an extent all competitors can benefit from this; versus the lower volumes and higher costs from yearly model changes.\u0026nbsp;The key issue is that the big competitors (Sunrise, Invacare, Ottobock) set their prices at what Medicare w..."},{"question":"Dear sir, when is the last day to invest?","answer":"End date is January 24.\u0026nbsp; Let me know if you have other questions. I'm happy to do a call."},{"question":"What is your Total Addressable Market? Do you have patents for your wheelchair ? What other products are you considering? Based on your burn rate how long can you reasonably operate?","answer":"Thanks for the excellent questions.We have patent pending status\u0026nbsp;on Product1 and are preparing the non-provisional now.We need a full product line of 7 more wheelchairs, which means wheelchairs for adults with spinal cord injuries, elderly people, very active children (for example with Spina Biffida), all terrain wheelchairs, and several sports wheelchairs. 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And, we have some new big customers who are buying container loads.Full video of Artem in UkraineDisability Impact Fund, Sorenson ImpactThanks for making this all possible!Questions? Please email me: keoke at participant.life","published_at":"2023-09-04T22:10:59Z","canonical_url":"https://wefunder.com/feed/166888"},{"id":163734,"entity_id":"wefunder:feed_item:163734","title":"May '23 sales update ... Repayments!","preview":"May '23 sales update ... Repayments!","published_at":"2023-05-10T17:57:01Z","canonical_url":"https://wefunder.com/feed/163734"},{"id":159070,"entity_id":"wefunder:feed_item:159070","title":"Great Reviews from 3 Brilliant Trade Shows","preview":"We showed Cub at Rehacare in Germany, which is the world's biggest trade show for wheelchairs and rehabilitation products. Also, visited a small expo hosted by UNICEF in Amman Jordan. And, we went to the big HCR trade show in Tokyo! Cub is getting really great reviews and many distributors have now paid for samples to be shipped home for their local evaluations. 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