{"data":{"type":"company_profile","id":105467,"entity_id":"wefunder:company:105467","attributes":{"canonical_url":"https://wefunder.com/ramper.innovations","generated_at":"2026-06-06T17:11:07Z","updated_at":"2026-06-06T05:01:27Z","entity_ids":{"company":"wefunder:company:105467","slug":"wefunder:company_slug:ramper.innovations"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-06T17:11:07Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-06T05:01:27Z","as_of":"2026-06-06T17:11:07Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-06T05:01:27Z","as_of":"2026-06-06T17:11:07Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-04T22:45:37Z","as_of":"2026-06-06T17:11:07Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-04T22:45:37Z","as_of":"2026-06-06T17:11:07Z","confidence":"medium"}}},"company":{"id":105467,"entity_id":"wefunder:company:105467","slug":"ramper.innovations","name":"Ramper Innovations","tagline":"We keep ramp agents safe + save airlines money","elevator_pitch":"Ramper Innovations help airlines reduce injuries to the employees and the cost of their ground handling operations.","story":"Ramper Innovations is back with Wefunder, seeking funding to start manufacturing TISABAS units.We have taken everything we learned from our beta unit trials and now have a production model. We have produced three units and sold two of them. The third unit is being used at trade shows and for operational demonstrations.There is interest around the world in our unique product. We are actively engaged in sales conversations with companies in the United Kingdom, Spain, Italy, Poland, Saudi Arabia, the United Arab Emirates, Pakistan, India, Thailand, Chile, Peru, Ecuador, Brazil, Mexico, Canada, and the United States.And our network of sales agents worldwide is bringing in additional customers weekly.The market is interested; now, we need to start manufacturing units and shipping to fill that interest.With your help, we can make that happen.Tim Fulton\u0026nbsp;spent over 38 years as a ramp agent for Alaska Airlines. He\u0026nbsp;then founded Ramper Innovations to pursue his dream of making the airline industry safer. He combined his\u0026nbsp;extensive experience in the airline industry and product development to develop a loading solution that saved rampers' backs \u0026amp; saved airlines money: TISABAS. Coming from the same background as my clients gives me unique insights into the challenges they face. And I am passionate and committed to making ramp agents’ jobs safer and easier. But don’t just take my word for it! I have received several awards from Alaska Airlines for safety, environmental, customer service and innovation. I was especially honored to receive the Legend Award from Alaska Airlines, which is given to select employees for going above and beyond consistently over years of service. Even the ramp agents who have tested TISABAS are in love with it!\u0026nbsp;- Founder \u0026amp; CEO, Tim Fulton","location":"Sitka, AK","website":"https://ramperinnovations.com","total_amount_raised":272562,"total_investors":117,"is_funded":true,"is_active":true,"quality_score":2,"related_urls":["https://wefunder.com/ramper.innovations","https://ramperinnovations.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105467/xxl_cropped_Screen_Shot_2021-12-02_at_4.35.46_PM.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/105467/large_cropped_Screen_Shot_2021-12-02_at_4.28.40_PM.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105467/standard_cropped_Screen_Shot_2021-12-02_at_4.35.46_PM.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/105467/standard_cropped_Screen_Shot_2021-12-02_at_4.35.46_PM.jpg"},"links":{"company_url":"https://ramperinnovations.com","linkedin_url":"https://linkedin.com/company/ramperinnovations"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Winner of Alaska Angel Conference Investment 2019 Total of $1M+ raised to date"},{"index":2,"claim_id":"claim-fact-2","value":"Two patents have been issued, and multiple international trademark protections are pending."},{"index":3,"claim_id":"claim-fact-3","value":"Conducted numerous trials with our BETA units, getting feedback and identifying weaknesses"},{"index":4,"claim_id":"claim-fact-4","value":"Made design changes and are producing units Achieved CE Certification for the European market"},{"index":5,"claim_id":"claim-fact-5","value":"First sale in 2022—second sale in 2023 \u0026amp; currently working on closing third sale."},{"index":6,"claim_id":"claim-fact-6","value":"$4B total addressable market worldwide that is projected to grow over 40% by the end of 2025"},{"index":7,"claim_id":"claim-fact-7","value":"Currently, we are working with six sales agents with 18 interested companies worldwide."},{"index":8,"claim_id":"claim-fact-8","value":"We have proven there is a need for an affordable product to makes the job safer and less costly"}],"team":[{"id":2340959,"entity_id":"wefunder:company_role:2340959","user_entity_id":"wefunder:user:1129289","role":"founder","name":"Tim Fulton","title":"CEO ","bio":"Passionate about improving ramp ops: developing solutions to the challenging problems of loading and unloading aircraft, especially those helping ramp agents work faster, easier, and with less risk.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2340959/square_cropped_tim.jpg?1692041053","profile_url":"https://wefunder.com/timfulton","linkedin_url":"https://www.linkedin.com/in/timjfulton/","related_urls":["https://wefunder.com/timfulton"]},{"id":2371287,"entity_id":"wefunder:company_role:2371287","role":"employee","name":"Tom Perkowski","title":"Special Advisor","bio":"Proven business leader with significant strategy, fundraising, marketing, product and customer development experience in B2B and B2G aerospace and emerging technology markets.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2371287/square_cropped_tom.jpg?1692570893","linkedin_url":"https://www.linkedin.com/in/tperkowski/","related_urls":[]},{"id":2371291,"entity_id":"wefunder:company_role:2371291","role":"employee","name":"Dave Arp","title":"Advisor","bio":"Financial leader known as a trusted advisor, strategic thinker and cohesive team builder. 20+ years of influencing high level decisions informed by data and a 360 view of organization","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2371291/square_cropped_dave.jpg?1692570893","linkedin_url":"https://www.linkedin.com/in/davearp/","related_urls":[]},{"id":3871558,"entity_id":"wefunder:company_role:3871558","role":"employee","name":"Tim Rain","title":"Advisor","bio":"Senior Executive of multiple International GSE manufacturing and distribution companies.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3871558/square_blob.jpg?1700502395","linkedin_url":"https://linkedin.com/in/tim-rane-7a0383a/","related_urls":[]},{"id":2371487,"entity_id":"wefunder:company_role:2371487","role":"employee","name":"Michael Bloomfield","title":"Advisor","bio":"Retired: Sage Parts Executive Vice President and President/Board Chairperson at the International Airport Equipment Manufacturers' Association.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2371487/square_cropped_michael.jpg?1692903542","linkedin_url":"https://www.linkedin.com/in/michael-bloomfield-72157410/","related_urls":[]}],"featured_investors":[{"id":3641,"entity_id":"wefunder:company_investor_profile:3641","investor_profile_id":3635192,"investor_profile_entity_id":"wefunder:investor_profile:3635192","subject_entity_id":"wefunder:notable_investor:9118","name":"Ramper Innovations was the first company the Alaska Angel Conference invested in. 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These funds matched our first $100k raised on the Wefunder platform. Watch the video to hear Melanie the fund Manager speak about why they chose to invest in Ramper Innovations!","published_at":"2022-08-31T18:36:03Z","author_name":"Maury Hackett","url":"/feed/157845","canonical_url":"https://wefunder.com/feed/157845"},{"id":155706,"entity_id":"wefunder:feed_item:155706","type":"FeedItem::Update","visibility":"public","title":"Featured Presentation at Sitka, Alaska Rotary Club","preview":"Tim was recently hosted by the Sitka, Alaska Rotary International Club where he presented TISABAS and updated the club on Ramper Innovations. The presentation, \"Manufacturing in Alaska \"From mind to market\", was well received and resulted in further investment by club members. This was a wonderful opportunity to update our local community on our progress and acquire new supporters!","published_at":"2022-05-25T22:06:26Z","author_name":"Maury Hackett","url":"/feed/155706","canonical_url":"https://wefunder.com/feed/155706"},{"id":155650,"entity_id":"wefunder:feed_item:155650","type":"FeedItem::Update","visibility":"public","title":"Safety Risk Assessment with a Major Airline","preview":"A few weeks ago, Tim, our Founder and CEO accompanied TISABAS to Seattle to conduct a Safety Risk Assessment with Alaska Airlines. We just received news that TISABAS passed the assessment and has been approved for use with Alaska Airlines flights!Today, Tim landed in King Salmon, Alaska to demo a TISABAS unit with the Alaska Airlines station there. We will keep you posted as new exciting things continue to develop...Caption: TISABAS--crated and ready for it's journey to King Salmon, Alaska!","published_at":"2022-05-23T22:11:09Z","author_name":"Maury Hackett","url":"/feed/155650","canonical_url":"https://wefunder.com/feed/155650"},{"id":155503,"entity_id":"wefunder:feed_item:155503","type":"FeedItem::Update","visibility":"public","title":"Baggage Handling that's Easy on the Back","preview":"Ramper Innovations was highlighted in an article written by Josh Smith and editor with Ground Support Worldwide last week. It was highlighted on their online platform, Aviation Pros and in their newsletter. For those unfamiliar with the aviation industry, Aviation Pros is read far and wide. The exposure this article will give us will be highly beneficial in creating more name recognition in the industry. \"As a former ramp service agent, Tim Fulton, CEO and founder of Ramper Innovations, knows...","published_at":"2022-05-16T23:26:00Z","author_name":"Maury Hackett","url":"/feed/155503","canonical_url":"https://wefunder.com/feed/155503"},{"id":154834,"entity_id":"wefunder:feed_item:154834","type":"FeedItem::Update","visibility":"public","title":"Ramper Innovations in the Media!","preview":"Hello Friends of Ramper!The times are ever-changing and evolving over here at Ramper--a lot of moving parts. Check out our most recent media coverage! Tim attended a Ground Support Equipment Expo in Miami last month and has had a ripple effect of extraordinary lead acquisition. In fact, he just returned to Sitka last night from Toronto, where he was doing a demo of TISABAS!Check it out-- we think it's fair to say this Ramper is happy about TISABAS!We are in pre-sale communications with many c...","published_at":"2022-04-21T18:37:21Z","author_name":"Maury Hackett","url":"/feed/154834","canonical_url":"https://wefunder.com/feed/154834"},{"id":153939,"entity_id":"wefunder:feed_item:153939","type":"FeedItem::Update","visibility":"public","title":"Press Release by Ground Handling International Magazine","preview":"Yesterday, 3/22/2022, Ground Handling International Magazine covered our latest partnership in a press release. \"Ramper Innovations is partnering with Aerocharter de México to help improve the safety of ramp handling agents by using a motorised conveyor system. TISABAS, named Tim Saves Backs, mechanically moves baggage and cargo within the belly of the aircraft...\" Continue reading here.","published_at":"2022-03-24T23:13:43Z","author_name":"Tim Fulton","url":"/feed/153939","canonical_url":"https://wefunder.com/feed/153939"},{"id":153627,"entity_id":"wefunder:feed_item:153627","type":"FeedItem::Update","visibility":"public","title":"Rampers backing Ramper!","preview":"We have received investment from rampers who are actively working in the industry and see the problem firsthand. They recognize the benefit of TISABAS and see it as a necessary solution. We are celebrating all of the support we are receiving and this feels extra special to have direct support from those we are hoping to help!","published_at":"2022-03-15T19:47:40Z","author_name":"Tim Fulton","url":"/feed/153627","canonical_url":"https://wefunder.com/feed/153627"},{"id":151989,"entity_id":"wefunder:feed_item:151989","type":"FeedItem::Update","visibility":"public","title":"Success! First goal reached...","preview":"Hello Friends of Ramper!We did it! With your pledged support we have reached our first goal of $50k committed!\u0026nbsp;Reaching this benchmark has allowed us to begin the paperwork to file with the SEC. We are one step closer to accepting investments.\u0026nbsp;Thank you for joining us in this journey, we are pleased to have your support!","published_at":"2022-01-13T18:15:21Z","author_name":"Tim Fulton","url":"/feed/151989","canonical_url":"https://wefunder.com/feed/151989"}],"q_and_a":[{"id":210539,"entity_id":"wefunder:comment:210539","question":"I received the latest information update and wishing Ramper Innovations well.","author_name":"Charles Russell","votes":2,"created_at":"2022-07-06T03:43:59Z","canonical_url":"https://wefunder.com/ramper.innovations#question-210539","answers":[{"id":212950,"entity_id":"wefunder:comment:212950","answer":"Thank you for your support, Charles!","author_name":"Maury Hackett","votes":1,"created_at":"2022-07-27T16:23:09Z"}]},{"id":199355,"entity_id":"wefunder:comment:199355","question":"Very interesting company. “Simple” solution to a clear set of problems. A few questions: 1) It seems the business originated as far back as 2013. What’s happened in the interim? Has it been on hold for some years and restarted? If so, why the pause? Or has it been chugging along? If so, it seems to be progressing rather slowly. 2) The product seems like a slam dunk. As such one would expect a lot of demand. But I know that’s not how things work in real life. What is the biggest obstacle to obtaining new (pre)orders right now. Is the lack of resources to reach out and sell, lack ability to manufacture, something else? 3) Do customers have any objections to the product as is? What obstacles to adoption are there from an airline’s point of view? 4) If you prove the market, how easy would it be for a well-capitalized competitor to attempt getting around your patents and offering a similar product? Perhaps even violating the patent? What’s your thinking around this potential threat?","author_name":"Georgiy Grigoryan","votes":2,"created_at":"2022-04-02T11:11:34Z","canonical_url":"https://wefunder.com/ramper.innovations#question-199355","answers":[{"id":202222,"entity_id":"wefunder:comment:202222","answer":"Hi Georgiy, My apologies for not answering your question further. We got our wires crossed as to who was tracking any questions that come in. 1. The business was started as a side hustle making another product. It chugged along nicely until several things came together and I realized the need for a better way to load aircraft and the size of the market. I started doing R\u0026amp;D full-time in 2018 and built the proof of concept in 2019. Took what we learned to a conveyor engineering and manufacturing company and started addressing the changes needed and manufacturability. We received three beta units on March 15th, 2020. We all know what happened then. We lost all the sales momentum that we had and have been working hard to get back to where we were before the world changed. 2. Our biggest hurdle is bringing change to an industry that hasn't changed how they manually load their aircraft in over 60 years. Like any new product being introduced into the market finding the early adopters has been a challenge. We now have our customer's attention. Our challenge now is scheduling and coordinating the demonstrations we have requests for. 3. Our customers have concerns because it is new and unproven. The more they see it in action the fewer concerns they have. We get asked constantly where it is currently being used. We are adding to that list consistently. 4. One of these things that we did during covid was to start working with potential contract manufacturers. We would take it to their engineering team and ask these questions. How much can you make it for, how would you improve on it and how would you see them getting around our patent claims. There were suggestions on how to improve but we did not get any thoughts on how someone could get around our patents.","author_name":"Tim Fulton","votes":1,"created_at":"2022-04-22T19:20:18Z"}]},{"id":197866,"entity_id":"wefunder:comment:197866","question":"Hello Tim, I have an important question before making an investment decision : Is it possible to make a big investment with a lower valuation price ? I absolutely love the product and i would want to be a part of the decision-making team, as i can cover a good part of the money you need. The only problem i have is that 3.500.000$ seems very expensive when i see the Balance sheet and Inc statement.Let me know if possible, and thank you for your time and passion !","author_name":"Luca Savio","votes":2,"created_at":"2022-03-24T17:44:49Z","canonical_url":"https://wefunder.com/ramper.innovations#question-197866","answers":[{"id":198128,"entity_id":"wefunder:comment:198128","answer":"Greetings, Luca Thank you for your question and kind words. We would be happy to explore a board position or perhaps other ways for you to be on the decision-making team with the right investment. While it is always hard to put a value on a startup. I do believe that the current value is generous. There is no reason for us to do a down round. Tim","author_name":"Tim Fulton","votes":2,"created_at":"2022-03-25T19:52:51Z"}]},{"id":197256,"entity_id":"wefunder:comment:197256","question":"Hi, this product is a great idea. Solves multiple issues, and has a potentially compelling value proposition in that it doesn’t take too long to pay for itself. You mentioned the competition in a reply to another inquirer. Could you please describe the competitive products out there, pros and cons of each, and how Ramper’s price point may enable market share gains as well as just thinking about a path to profitability, what are the expectations there? If you’re entering a red ocean environment, how is Ramper differentiated? Thanks","author_name":"David Hudson","votes":2,"created_at":"2022-03-20T22:45:08Z","canonical_url":"https://wefunder.com/ramper.innovations#question-197256","answers":[{"id":197589,"entity_id":"wefunder:comment:197589","answer":"Hi David, Thank you for your questions. I have done my best to answer this completely, if I have missed something, please reply with follow-up questions. Q: Solves multiple issues, and has a potentially compelling value proposition in that it doesn’t take too long to pay for itself. A: ​Yes, our data shows that our customer's return on investment is less than four months. Q: You mentioned the competition in a reply to another inquirer. Could you please describe the competitive products out there, pros and cons of each? A: We have two companies that are offering products that address the issue of manually loading aircraft bellies These companies offer a very similar product to each other but not at all like TISABAS. By our estimate, they have captured less than 7% of the current TAM and projections are that the market is growing expeditiously. I was aware of these companies and designed TISABAS based on what I saw as weaknesses. TISABAS needed to... - be affordable (we are 1/8th of their cost) - make Ramper jobs safer and easier without replacing them. (Their product replaces a worker at a point in the operation that ramp agents consider unsafe) - be compact and easy to move around - not be overly complicated where additional training would be required. (TISABAS fits well into existing operations.) - not damage aircraft ( TISABAS meets the floor bearing weight from the aircraft manufacturers specs and does not rely on automation systems that tend to fail to not damage an aircraft) - not delay or cancel flights if it were to break down - be robust to withstand the abuse that it would be receiving - be easy to maintain and replace parts when needed - operate in extreme weather conditions Q: How Ramper’s price point may enable market share gains as well as just thinking about a path to profitability, what are the expectations there? ​ A: As mentioned above our price point is way below what is currently on the market, and we can show a great return on investment from the current method being used. The path to profitability is having healthy margins that allow for growth and sustainability. Q: If you’re entering a red ocean environment, how is Ramper differentiated? A: ​I do not see us as entering into a red ocean environment but swimming in a blue ocean in the introduction stage of the product life cycle. While we still have the chasm to cross we are finding our early adopters and building connections with the early majority. Thank you again for your questions, Tim.","author_name":"Tim Fulton","votes":1,"created_at":"2022-03-22T23:50:47Z"}]},{"id":196875,"entity_id":"wefunder:comment:196875","question":"When will the financing round end? What is the reason for the low demand for opportunity?","author_name":"Omar ALSHARIF","votes":2,"created_at":"2022-03-17T15:48:09Z","canonical_url":"https://wefunder.com/ramper.innovations#question-196875","answers":[{"id":197077,"entity_id":"wefunder:comment:197077","answer":"Hi Omar, The campaign closing date is July 22nd, 2022. As far as \"the reason for the low demand for opportunity\", I'm not quite understanding your question. Can you clarify your question for me so I can answer it satisfactorily? Thank you, Tim","author_name":"Tim Fulton","votes":1,"created_at":"2022-03-18T19:23:08Z"}]},{"id":196112,"entity_id":"wefunder:comment:196112","question":"May I ask the following questions? 1. How fast can the device be deployed and undeployed for a 737-800? 2. What is the annual maintenance cost for one device?","author_name":"Omar Shehab","votes":2,"created_at":"2022-03-13T13:59:40Z","canonical_url":"https://wefunder.com/ramper.innovations#question-196112","answers":[{"id":196717,"entity_id":"wefunder:comment:196717","answer":"Hi Omar, Thank you for your questions! 1. TISABAS takes only seconds to be deployed in an empty belly, but I think the question is about the time it takes during the unload/loading process. The device has two speeds that can be programmed based on the user's needs. The slow speed that we have programed will move one more bag a minute than an experienced well rested crew. This includes the time that it takes to move the unit into and out of the aircraft's belly. The fast speed that we currently have programmed moves nine more bags a minute that the manual method. 2. We have designed the device to withstand the use and abuse of the ramp environment, with minimal maintenance costs. The motors and control cards and switches are IP 65 that are built to run for hundreds of hours. The belting is the biggest wear item but even with that, we are anticipating they will last for a couple of years if not more. I hope that answers your questions. Tim","author_name":"Tim Fulton","votes":2,"created_at":"2022-03-16T20:51:24Z"}]},{"id":195314,"entity_id":"wefunder:comment:195314","question":"Hi Tim, thanks for taking this on. Seems like a good concept and clearly you have considerable experience with the industry. Can you tell me a bit about the economics of your pricing and variable costs? (if you'd prefer not to have that publicly available, happy to email or zoom). Thank you!","author_name":"Stu James","votes":2,"created_at":"2022-03-06T17:47:29Z","canonical_url":"https://wefunder.com/ramper.innovations#question-195314","answers":[{"id":196286,"entity_id":"wefunder:comment:196286","answer":"Once, I decided to do something about the current archaic manual method and expensive alternative loading aircraft bellies. I knew that whatever I came up with needed to be affordable for all operations. Offering our product at 20% of our competition's price per unit with a return on our customer's investment of just under four months is a solid business model. Our NAICS is #333922 (Conveyor Equipment Manufacturer), and the historic industry standard is a gross profit margin of between 30.0% and 35.4%. Our current projections achieve those margins. Our variable costs across all components will decrease as production increases. There is some volume percentage differentiation between components but everything is a reduction based on volume. Let's discuss this further when you have time, I sent you my calendar link.","author_name":"Tim Fulton","votes":1,"created_at":"2022-03-14T19:14:28Z"}]},{"id":188265,"entity_id":"wefunder:comment:188265","question":"Glad to see things are moving along; I'm looking forward to things becoming \"official\" with the SEC and I think the TISABAS system can do a lot of good. I wanted to ask if this means that Ramper Innovations will be publicly traded/listed on the NYSE?","author_name":"Kaitlin Humphrey","votes":2,"created_at":"2022-01-14T00:38:25Z","canonical_url":"https://wefunder.com/ramper.innovations#question-188265","answers":[{"id":188945,"entity_id":"wefunder:comment:188945","answer":"Kaitlin, great question! The goal of Ramper Innovations is to grow and become acquired or become big enough to have an IPO at which point we could become publicly traded, we would love to ring the bell on Wall Street! However, we are not publicly traded at this time.","author_name":"Tim Fulton","votes":1,"created_at":"2022-01-17T20:14:19Z"}]},{"id":188210,"entity_id":"wefunder:comment:188210","question":"Thank you for this opportunity Tim. I do believe in your product and process and hold your years of dedication and determination in very high regard. Question: will we have an opportunity at some time to increase our investment? Or is this a one time shot? Thanks and Happy New Year!! Phyllis","author_name":"Phyllis Hackett","votes":2,"created_at":"2022-01-13T19:27:20Z","canonical_url":"https://wefunder.com/ramper.innovations#question-188210","answers":[{"id":188948,"entity_id":"wefunder:comment:188948","answer":"Hi Phyllis, thank you for your question. There is an opportunity to increase your investment. You are not locked into the amount you have currently reserved. This amount can increase or decrease once we have everything in place with the SEC and we can actually take investment. We are anticipating our Wefunder campaign to go for several months, and you could invest additionally during that time as well. If you have further questions, please feel free to reach out to support@wefunder.com.","author_name":"Tim Fulton","votes":1,"created_at":"2022-01-17T20:19:10Z"}]},{"id":265838,"entity_id":"wefunder:comment:265838","question":"Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?","author_name":"Teddy Lyons","votes":1,"created_at":"2023-10-17T20:53:38Z","canonical_url":"https://wefunder.com/ramper.innovations#question-265838","answers":[{"id":266143,"entity_id":"wefunder:comment:266143","answer":"Hi Teddy, Thanks for your questions. Sorry, it has taken me a while to respond. a) We are in maintenance mode right now. Our monthly burn rate is $2500. When we get orders and start back up with production, the burn will jump to $13,000, depending on how many units we need to produce. Getting to minimal growth, bringing back our marketing, sales team, executive support, etc, the monthly burn is $22,000 b) We have one month of cash on hand. Luckily, we have received an order and can use that purchase to get production back online. C)We are raising parallel with Wefunder, Angel, and VCs. We do not currently have anyone committed to lead this round. We have been offered terms different from what we have been offering and are in the process of determining the effects of those terms on Ramper Innovations. I will be at an event next week with multiple VC firms specifically looking to invest in manufacturing companies. Stay tuned for that update. Regards, Tim","author_name":"Tim Fulton","votes":0,"created_at":"2023-10-20T04:35:52Z"}]},{"id":214284,"entity_id":"wefunder:comment:214284","question":"Hi Tim .i believe that you have a great idea to avoid carrying heavy weights and save time but As i understand . The sole purpose is acquestion or merge . Why is there no a qualitative improvement in the service or product? If new competitors appear and offer a better product or better solutions. How do you act in this situation?","author_name":"Wael Alghamdi","votes":1,"created_at":"2022-08-07T12:36:39Z","canonical_url":"https://wefunder.com/ramper.innovations#question-214284","answers":[{"id":214297,"entity_id":"wefunder:comment:214297","answer":"Hi Alghamdi, Our purpose is to grow a sustainable company, and as such, there is very much a focus on the product and service we provide. Our build processes have quality insurance touchpoints and matrixes throughout. We also have built-in mechanisms that allow for continuous improvements during the manufacturing and assembly process or as needed in the field. It is essential for our business model to continually be looking at a better product, solution, and customer experience. I believe that’s how you best address competition. Best regards, Tim","author_name":"Tim Fulton","votes":0,"created_at":"2022-08-07T17:42:18Z"}]},{"id":210867,"entity_id":"wefunder:comment:210867","question":"Tim - congrats on your recent surge in momentum, very happy to see an Alaska company doing so well. Two quick questions. Firstly, could you shed some light on a potential exit? What sort of company acquires Ramper Innovations? Secondly, can you speak to your manufacturing capacity... where is it, is it contract or are you doing it yourself (if so, how many employees), and does it scale to meet your revenue projection targets? Keep up the great work!","author_name":"Liam Zsolt","votes":1,"created_at":"2022-07-07T16:10:56Z","canonical_url":"https://wefunder.com/ramper.innovations#question-210867","answers":[{"id":211974,"entity_id":"wefunder:comment:211974","answer":"Hi Liam, Thanks again for your interest in Ramper Innovations and for keeping an eye on us. I have answered your questions below. 1 - What does an exit look like? A merger or acquisition I'm assuming you are looking to get bought out by a larger company. What are some examples of companies that would be a good fit for a buyout? There are a couple of possibilities. 1. Ground Equipment manufacturing companies. An example is https://alvest.fr. They showed an interest early on, but we couldn't agree on the value of Ramper Innovations. 2. Manufactures of belt loaders so that they could compete with their competitor (Power Stow) who's product is competing with them 3. Manufacturers making a product that solves the need as us of mechanically loading aircraft. Power Stow/ Mallaghan / JBT. 4. Manufacturers in other industries have additional capacity and want to expand their product line. 5. A Native corporation or another large corporation that sees the potential of a small investment and a significant return. There would be some concerns about the deal, but these are some possibilities. Is there a comparable acquisition you could point to for me to research? You will see how Alvest has bought companies to diversify the portfolio offering. I looked at the possibilities but decided my time would be better spent building a company that someone would like to acquire. 2 - Talk to me about manufacturing. I understand from the community that you are building the conveyers yourself in Sitka, is that right? We source the components from outside Sitka and assemble them here. There is some strategy to start with assembling the units here in Sitka. A big part is that we need to develop our build processes, quality assurance practices, inventory controls, and our component change process. A contract manufacturer can do these things, but it is expensive, and we would be subject to their methods. We will continue to monitor our cost and compare the plus and minuses of manufacturing in Sitka to using contract manufacturers in the USA, potentially purchasing a strategically positioned facility, or even going offshore. That's very cool if so, but I'm wondering how it scales, especially with your ambitious revenue growth targets. There is a company in Sitka that is possible to partner with. They would help us scale and control our costs. They have been manufacturing large boats in Sitka for years. They have the equipment and the personnel trained to operate said equipment. Are you planning to outsource manufacturing or improve your setup and hire folks? I think I answered this above.","author_name":"Tim Fulton","votes":0,"created_at":"2022-07-17T22:13:54Z"}]},{"id":207427,"entity_id":"wefunder:comment:207427","question":"How much cost to buy a unit? and how much cost to build a unit?","author_name":"Grigore B. Hreniuc","votes":1,"created_at":"2022-06-05T05:48:58Z","canonical_url":"https://wefunder.com/ramper.innovations#question-207427","answers":[{"id":207590,"entity_id":"wefunder:comment:207590","answer":"Hi Grigore, Thank you for your question. Our list price is $35,342.50, with our margins being strong enough to support a sustainable and substantial growth model.","author_name":"Maury Hackett","votes":1,"created_at":"2022-06-07T21:29:05Z"}]}],"faq":[{"question":"Thank you for this opportunity Tim. I do believe in your product and process and hold your years of dedication and determination in very high regard. Question: will we have an opportunity at some time to increase our investment? Or is this a one time shot? Thanks and Happy New...","answer":"Hi Phyllis, thank you for your question. There is an opportunity to increase your investment. You are not locked into the amount you have currently reserved. This amount can increase or decrease once we have everything in place with the SEC and we can actually take investment. We are anticipating our Wefunder campaign to go for several months, and you could invest additionally during that time as well. If you have further questions, please feel free to reach out to support@wefunder.com."},{"question":"Glad to see things are moving along; I'm looking forward to things becoming \"official\" with the SEC and I think the TISABAS system can do a lot of good. I wanted to ask if this means that Ramper Innovations will be publicly traded/listed on the NYSE?","answer":"Kaitlin, great question! The goal of Ramper Innovations is to grow and become acquired or become big enough to have an IPO at which point we could become publicly traded, we would love to ring the bell on Wall Street! However, we are not publicly traded at this time."},{"question":"Hi Tim, thanks for taking this on. Seems like a good concept and clearly you have considerable experience with the industry. Can you tell me a bit about the economics of your pricing and variable costs? (if you'd prefer not to have that publicly available, happy to email or zo...","answer":"Once, I decided to do something about the current archaic manual method and expensive alternative loading aircraft bellies. I knew that whatever I came up with needed to be affordable for all operations. Offering our product at 20% of our competition's price per unit with a return on our customer's investment of just under four months is a solid business model. Our NAICS is #333922 (Conveyor Equipment Manufacturer), and the historic industry standard is a gross profit margin of between 30.0% ..."},{"question":"May I ask the following questions? 1. How fast can the device be deployed and undeployed for a 737-800? 2. What is the annual maintenance cost for one device?","answer":"Hi Omar, Thank you for your questions! 1. TISABAS takes only seconds to be deployed in an empty belly, but I think the question is about the time it takes during the unload/loading process. The device has two speeds that can be programmed based on the user's needs. The slow speed that we have programed will move one more bag a minute than an experienced well rested crew. This includes the time that it takes to move the unit into and out of the aircraft's belly. The fast speed that we currentl..."},{"question":"When will the financing round end? What is the reason for the low demand for opportunity?","answer":"Hi Omar, The campaign closing date is July 22nd, 2022. As far as \"the reason for the low demand for opportunity\", I'm not quite understanding your question. Can you clarify your question for me so I can answer it satisfactorily? Thank you, Tim"}]}}}