{"data":{"type":"company_profile","id":39828,"entity_id":"wefunder:company:39828","attributes":{"canonical_url":"https://wefunder.com/travelmate.robotics","generated_at":"2026-06-10T03:23:11Z","updated_at":"2026-06-09T05:00:11Z","entity_ids":{"company":"wefunder:company:39828","slug":"wefunder:company_slug:travelmate.robotics"},"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":"2026-06-10T03:23:11Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-09T05:00:11Z","as_of":"2026-06-10T03:23:11Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-09T05:00:11Z","as_of":"2026-06-10T03:23:11Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-24T17:54:53Z","as_of":"2026-06-10T03:23:11Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-24T17:54:53Z","as_of":"2026-06-10T03:23:11Z","confidence":"medium"}}},"company":{"id":39828,"entity_id":"wefunder:company:39828","slug":"travelmate.robotics","name":"Travelmate Robotics","tagline":"The first robot assistant and self moving suitcase. ","elevator_pitch":"We make a robotic assistant and self moving suitcase called Travelmate.\u0026nbsp;","story":"Invest in Travelmate RoboticsTravelmate is an autonomous robot companion that is practical, innovative and brings the future to you.We believe Travelmate is the first all purpose consumer robot on the market and will usher in a new era of robotics for all. This robot allows for thousands of features, owing to an integrated ecosystem between your smartphone and your Travelmate robot. It’s powered by a proprietary patented movement system, which utilizes artificial intelligence as well as machine learning to follow you wherever you go — this robot will get smarter the longer you use it.\u0026nbsp;We’ve created a robot assistant that can carry your stuff like a self moving suitcase and help make your everyday life more convenient. Travelmate robots will become a part of people’s everyday lifestyles, just like smartphones have become an integral part of people’s day to day lives.We are on track for profitability this year and with your investment we can purchase long-lead-time inventory, and fulfill larger orders. Funds raised will also be used to purchase the necessary equipment for manufacturing, including necessary injection molds, long lead time inventory, and assembly equipment. We also require proprietary testing equipment, which will allow us to check units on a much quicker basis.Currently, our company has a patent for the movement system, which covers all robots that connect to smartphones. The patent also covers the robotic suitcase elements. Our patent is registered via USPTO and in 154 additional countries. Travelmate has gotten extensive coverage worldwide via video news coverage, over 3,000 published articles and on social media. We’ve won numerous awards for our robot, including first place overall at the Travel Goods Show in 2018.All you need is the suitcase and your smartphone, and Travelmate will follow you wherever you go. It’s fully TSA compliant and IATA approved. It is the only robot suitcase allowed on all airlines. So whether you’re at the airport, going to work or going to school, the Travelmate suitcase can help you carry luggage in a wide range of situations.Thanks to smart features and our patented Follow Me system with built-in sensors, Travelmate can navigate large crowds and avoid common obstacles like people and furniture. It also moves vertically and horizontally with ease, and can carry another suitcase or other items on top when traveling autonomously in horizontal mode.We’ve worked on the Travelmate project for 3 years. Our team of experienced robotics engineers are passionate about integrating robots into the daily lives of people. In order to turn science fiction into reality, we set about making an accessible type of robot that everyone can use. Instead of something impractical and incredibly expensive, we wanted to make a robot form that can have as many uses as possible. That’s why we decided that the suitcase is the perfect form factor. We designed Travelmate to have the functionality of a robot assistant and have it be able to carry your stuff for you.When the first smartphones arrived on the market, most people didn’t understand the point of having a phone that had a touch screen and did other things. Surely we don’t need to tell you how big the smartphone market is now. People understand that a smartphone is a multipurpose supercomputer that fits into your pocket. Travelmate will do the same thing for consumer robotics by using a relatable and practical form (a self moving suitcase) to show people how robotics fits into their lives.Travelmate is affordable and can already be purchased online. Our success from past crowdfunding efforts and pre-sales from distributors have helped us scale production, expand our team and establish distribution channels. We now wish to scale up manufacturing gradually to eventually make up to 100,000 units per month within a period of one year. We are excited to bring robots of the future into the present with your help. So from all of us at Travelmate Robotics, we thank you very much for your support!“Our goal is for Travelmate to become the first widely available and affordable robot companion.”We are creating a new industry with robotic suitcases.With Travelmate we’re not just innovating with an interesting new type of luggage; we believe that we’re creating the first ever multi-purpose robot platform that is mass produced (like a Ford Model T version of R2-D2).\u0026nbsp;We have fitted all of the electronic, mechanical and plastic components of the robot into 5% of the total volume of Travelmate; leaving 95% of the robot free space!The OfferingInvestment$2/share│When you invest you are betting the company’s future value will exceed $18M.Perks:$250+ — If you invest $250, you will receive shares in the company.$1500+ -- If you invest $1500, you will receive a limited edition T-shirt, stickers and shares in the company.$2,500+ — If you invest $2,500, you will get a coupon for 10% off of any purchase on our website at travelmaterobotics.com. You will also receive all lower tier perks. $5,000+ — If you invest 5,000 you will get a coupon for 15% off of any purchase on our website. You will also receive all lower tier perks. $10,000+ — If you invest $10,000, you will receive 500 bonus shares in the company. You will receive a coupon for 20% off of any purchase on our website. You will also receive all lower tier perks. $50,000+ — If you invest $50,000, you will receive 3,000 bonus shares in the company. You will get a coupon for 50% off of any purchase on our website. You will also receive all lower tier perks. *All perks occur after the offering is completed.What many startups fail to realize is that the hardest part is not the development of a prototype unit. It is actually the transitioning into and management of the mass production process. This is especially true for robotics.There is a reason for why no other big suitcase company has even attempted to do what we are doing. It’s because they simply can’t do it and they don’t have the manufacturing know how to do it. This problem is also evident in the general robotics industry. Most robots are still not mass-produced because of the level of sophistication that is required to make them.We’ve been able to accomplish the transition into mass manufacturing partly because of our past experience in robotics and partly because of our experience in mass manufacturing. There are currently 12 factories that provide us with a total of 64 different electronic and mechanical Travelmate components. Three of which also do various stages of assembly for the product. In total, there are more than 80 components for Travelmate and more than 50 suppliers.As you can imagine, this was an immense task to accomplish and it took us almost two years to develop relationships with our main and backup suppliers and manufacturers in China, Taiwan, Malaysia, Thailand, Czech Republic and Ukraine. This clearly sets us apart from other startups and most other new tech companies, as we have a solid manufacturing base that we can use to expand in order to meet demand.There are currently three different suitcase models with 3 colors to choose from and come in a range of sizes from carry-on to large.All are near the same weight as “regular” suitcases and each model includes a built-in scale that will accurately measure and display the weight of your suitcase’s contents so you’ll never have to worry about over-packing again. You can switch the units of measurements between kilograms and pounds via the Travelmate application.In addition to its fully autonomous horizontal and vertical modes, the Travelmate has a variety of useful features that other suitcases do not have:Removable battery charged with wireless technology.The battery can charge almost all electronics through two USB ports and a USB type C port.Replaceable wheels, which allow you to put on different wheels for different environments. The standard wheels are all terrain. There will be multiple wheel types, including omni wheels and off road wheels.AI and machine learningSince the suitcase functions as a robot in practice, it uses AI and machine learning to optimize its movements.4 hour battery life in full autonomous mode and up to 100 hours in stand-by mode (meaning when you are using it like a normal suitcase)Customizable multi-colored LED lighting with over 16 million different color variationsUsed to signal your suitcase’s battery level. Customize or turn off through the Travelmate applicationDirectional Indicators (similar to turn signals in cars) so you know where it’s goingSpeakers to inform you of obstacles and suitcase’s location (can be turned on or off)Use as external bluetooth speakersCustomizable designSmart Lock System: You can unlock your suitcase with your smartphoneBuilt-in scaleCustomizable interior. You will be able to replace the interior fabric inside with other types of materials. This is because you can unzip the internal fabric in the suitcase. These accessories will include different designs, colors and patterns.Travelmate is fully TSA compliant and our suitcase sizes are standardized. The smallest Travelmate is carry-on-sized and fits the specifications of all major airlines’ requirements for carry on specifications.\u0026nbsp;Over 3,000 articles have been written about us and numerous awards/accolades (including best product at the Travel Goods Show for 2018). We believe in continuing our marketing strategy of growing our brand recognition and innovating to create more functionality with each Travelmate robot. We are synonymous with robotic luggage and will continue to have that advantage due to extensive continuing media coverage of our product.Travelmate Robotics won overall first place at the 2018 Travel Goods Innovation Awards. This was for the Travel Goods Show, which is the largest convention for the Travel industry. We beat many industry heavyweights to get this award – this includes companies like Samsonite, Coach, Delsey, Tumi, Louis Vuitton, Rimowa and more.In France, the Ministry of Culture and the Ministry of Innovation invited us to showcase our robot at the Cité des Sciences et de l’Industrie. This is the largest science and technology museum in France.We have great social media and press outreach which we will continue to utilize. You will also soon be seeing Travelmate roll across your small and large screens, on cable programs and upcoming studio films.Travelmate Robotics has won numerous awards and has been featured worldwide in conventions, presentations and in museums. Our product is so innovative, that it has even been praised by numerous government organizations.We were the biggest highlight at CES Las Vegas in 2018. Many articles came out to that effect, saying that this year, we were the biggest standout.The government of Barcelona and the Tourism minister of Catalonia invited us to do a presentation in collaboration with Eurocat ( a non-profit organization). You can see that presentation over\u0026nbsp;on our youtube channelWe did further presentations in South Korea, Japan, Italy and the United States.*A 1 billion plus potential market for robotic assistants and autonomous suitcases.In the U.S. alone, the revenue for the regular suitcase and briefcase segment is expected to total (Statista, 2018) and is expected to grow annually by 0.3% (CAGR 2019-2023). But because our product is not just a suitcase, we are also in the consumer robotics market, which continues to grow as technology advances. According to Market Research Future, the global consumer robots market is estimated to generate a CAGR of 19.0 % to reach $17 billion during the forecast period ending 2023.Our conservative estimate is that there is demand for at least 1 million robot suitcases based on market conditions and expressed interest from companies. Currently, we’re the only robotic suitcase on the market that is allowed on all airlines and our movement system is patented.We believe that we can meet this demand by expanding our manufacturing capabilities to produce more than 5,000 units per month. With this, we can tap into our existing user base of interested distributors around the world to take full advantage of this new market.Currently we are targeting travelers, early adopters of technology and robot enthusiasts between the ages of 25 – 50. We also expect the Travelmate to be used by the visually and physically impaired as well as social media influencers and content creators who need an ever-ready camera operator. But we hope to reach a larger consumer base in time.When the iPhone was first announced, many didn’t understand the point of it. A lot of people assumed it was just a phone that had a touch screen. Verizon refused to carry it in the United States because it didn’t see a market for it. A mistake that Verizon isn’t keen on repeating again. Of course now, Apple dominates the market that it created with modern smartphones. Most people can’t live without smartphones and these little devices are portable supercomputers that fit into your pocket. We hope to do the same for robotics.In order for robots to be adopted by the everyday consumer, they need to be versatile, adaptable and affordable—the polar opposite of robotics on the market today (especially single task robots used in manufacturing). The Travelmate robot is ideally suited for multiple different uses, including carrying your stuff. Our patented movement system uses artificial intelligence and connects to your smartphone to follow you. In fact, we own the patent for any robot that uses a phone to follow you. Since it is connected to your smartphone, it updates through the smartphone app as well.This enables us to add thousands of features or ‘apps within an app’ for the Travelmate robot. One exciting feature that we’re working on is with Amazon’s Alexa voice assistant. Amazon has already approved us to use Alexa for our robot and this will allow users to have a portable robot voice assistant anywhere they go.This feature requires an internet connection and makes it attractive for mobile companies to bundle their data plans with our product. Telecom companies are already interested in selling our robots. They can sell our robots through financing, just like they do with smartphones. Meaning that while they buy from us at wholesale price, they would sell to end users through a two-year contract with a small down payment (depending on the user’s credit history).And because a significant portion of mobile business income comes from mobile data and internet traffic usage, selling the first consumer robot assistant on the market with functionality that enables mobile data use, makes Travelmate a very attractive proposition. To clarify so that there isn’t any potential confusion; Travelmate does not use or need an internet connection to follow you autonomously and fulfill its basic functionality. This is strictly an additional feature that can be added to the robot.The Travelmate also has a built in sim card slot that all major telecom companies can utilize. So now Travelmate can be added to the data plan market space that is currently made up of phones, tablets and some smart watches.We plan to iterate with future versions of Travelmate on a yearly basis. Similar to how new flagship smartphones are introduced. We’re also planning on introducing more accessories and covers for Travelmate.On a long term basis, we are constantly improving and expanding the software functionality for Travelmate robots.People can update their Travelmates through the included smartphone application. We are planning on implementing an update wherein users who opt in, can have their Travelmate’s usage patterns recorded and sent to us. From there, a machine learning algorithm can sort that data on a massive scale to further improve the robot’s autonomous functionality.We are working on a few other consumer robotics projects that will be hitting the market within the next three years. Most of the details for these projects is under wraps and is confidential, so because of that, we are limited in what we can describe.In general, two interesting new projects that we are developing are an autonomous golf trolley and a fully modular universal robotic platform with applications for the medical industry.We are in a strong position in terms of our manufacturing stage. However, we need adequate financing to take care of mass manufacturing related costs. We need at least three months lead time for necessary inventory/equipment to arrive after being ordered. By raising equity, we can purchase the initial inventory necessary to take on larger orders.In the PressClick to ReadImportant information to clarify some financial review data: where the data mentions 740k in debt, this means that this amount was used towards the development of the product. It is not a debt that the company owes. Likewise, where the financial review data mentions 120k for travel expenses, these funds were used to send our teams to 12 different suppliers in various countries.","location":"Las Vegas","website":"https://travelmaterobotics.com","total_amount_raised":635694,"total_investors":902,"is_funded":false,"is_active":false,"quality_score":0,"related_urls":["https://wefunder.com/travelmate.robotics","https://travelmaterobotics.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/39828/xxl_cropped_21.52.28.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/39828/large_cropped_travelmate-08-04.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/39828/standard_cropped_21.52.28.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/39828/standard_cropped_21.52.28.jpg","profile_video_url":"https://wefunder.wistia.com/medias/vkw7az6deb"},"links":{"company_url":"https://travelmaterobotics.com","twitter_url":"http://twitter.com/travelmaterobot","facebook_url":"https://www.facebook.com/travelmaterobot/","instagram_url":"https://www.instagram.com/travelmaterobot/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"1 billion+ potential market for consumer robotics."},{"index":2,"claim_id":"claim-fact-2","value":"Only robotic suitcase compliant with all airline regulations."},{"index":3,"claim_id":"claim-fact-3","value":"Patented robot assistant and proprietary movement system."},{"index":4,"claim_id":"claim-fact-4","value":"Awarded Best Product at the 2018 Travel Goods Show."},{"index":5,"claim_id":"claim-fact-5","value":"Over three thousand articles have been written about Travelmate Robotics as well as numerous accolades and glowing reviews."},{"index":6,"claim_id":"claim-fact-6","value":"A proprietary movement system that connects to all smartphones."}],"team":[{"id":447906,"entity_id":"wefunder:company_role:447906","user_entity_id":"wefunder:user:235585","role":"founder","name":"Maximillian Kovtun","title":"President ","bio":"A part of IATA (International Air Transport Association) as a jury member for technological innovation. My educational background is a B.S. in Astronomy and an Associate's degree in English.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/447906/square_cropped_rups50n0xbhyfapq46pg.jpg?1559234832","profile_url":"https://wefunder.com/maximilliankovtun","personal_url":"http://travelmaterobotics.com","related_urls":["https://wefunder.com/maximilliankovtun","http://travelmaterobotics.com"]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":21,"ask_questions":250,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":27791,"entity_id":"wefunder:fundraise:27791","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2019-05-17T17:09:26Z","funding_closed_at":"2019-08-31T04:02:32Z","auto_close_at":"2019-08-31T03:59:59Z"}],"latest_fundraise":{"id":27791,"entity_id":"wefunder:fundraise:27791","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2019-05-17T17:09:26Z","funding_closed_at":"2019-08-31T04:02:32Z","terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[{"id":127697,"entity_id":"wefunder:feed_item:127697","type":"FeedItem::Update","visibility":"public","title":"Happy Holidays!","preview":"Have a great time this holiday season. We wish you a merry Christmas and happy holidays!;feature=youtu.be","published_at":"2019-12-24T12:57:33Z","author_name":"Maximillian Kovtun","url":"/feed/127697","canonical_url":"https://wefunder.com/feed/127697"},{"id":125074,"entity_id":"wefunder:feed_item:125074","type":"FeedItem::Update","visibility":"public","title":"Our Raise is ending in 2 Hours: Thank you! (click to read)","preview":"I wanted to give a huge thanks to everyone who has invested into this raise. We are super happy and grateful to have you be a partner in our business!\u0026nbsp;We really appreciate all of the support that we've received. Our team will do our best to make sure that you are happy with your investment. If you've just recently invested, I highly recommend that you check out our previous updates. They talk about discount opportunities, our future plans, our business strategy and more.After this raise ...","published_at":"2019-08-31T02:24:30Z","author_name":"Maximillian Kovtun","url":"/feed/125074","canonical_url":"https://wefunder.com/feed/125074"},{"id":124996,"entity_id":"wefunder:feed_item:124996","type":"FeedItem::Update","visibility":"public","title":"We are Closing our Raise Within 24 Hours and Important Info for Investors (click to read)","preview":"A lot of people have asked us what we think our future valuation will be. I believe that based on our product and patent portfolio, it is possible that the new valuation for accredited investors will be between 450-500 million. With this in mind, the individual share value will substantially increase. Suffice to say that this is very good news for both our company and you!This is the final day that you are able to invest in this raise. Since we've gotten a lot of new investors, I am quoting t...","published_at":"2019-08-30T03:38:18Z","author_name":"Maximillian Kovtun","url":"/feed/124996","canonical_url":"https://wefunder.com/feed/124996"},{"id":124828,"entity_id":"wefunder:feed_item:124828","type":"FeedItem::Update","visibility":"public","title":"Discount for Investors and News from Cupertino (click to read)","preview":"If you invest 250 dollars or more, you will get a discount of 250 dollars towards the purchase of any model of our robots. This discount will apply to our future products as well. This is in addition to the main perks that are listed on our page. This discount is only available to investors of this current raise, which is ending in 3 days.\u0026nbsp;This discount\u0026nbsp;will not be available in\u0026nbsp;future raises with accredited investors and in a future IPO. If you've invested less than 250, then y...","published_at":"2019-08-28T12:33:28Z","author_name":"Maximillian Kovtun","url":"/feed/124828","canonical_url":"https://wefunder.com/feed/124828"},{"id":124774,"entity_id":"wefunder:feed_item:124774","type":"FeedItem::Update","visibility":"public","title":"Important: why we are ending our raise on August 30th (click to read).","preview":"A lot of people have asked us why we are closing our current raise in a few days.\u0026nbsp;We are closing our current round because we believe that the valuation at which we are selling securities in this round is too low given recent milestones that our company has achieved. We believe this in part because our product portfolio now includes golf robots, healthcare assistance robots and other products that were not considered when we arrived at the valuation for this crowdfunding round. We have a...","published_at":"2019-08-27T14:22:51Z","author_name":"Maximillian Kovtun","url":"/feed/124774","canonical_url":"https://wefunder.com/feed/124774"},{"id":124569,"entity_id":"wefunder:feed_item:124569","type":"FeedItem::Update","visibility":"public","title":"Article, \"is Google Going to buy Travelmate Robotics?\" (click to read)","preview":"I came across another article recently that is likely to peak the interest of our investors. It's also likely to raise some questions. I wanted to clarify one point from there. While we are having discussions and have had calls with a google team, it has only been to discuss potential ways to collaborate.\u0026nbsp; Google has not talked to us about wanting to\u0026nbsp;buy our company.\u0026nbsp;I think that is just something that\u0026nbsp;the author inferred himself.\u0026nbsp;With that out of the way, it is\u0026nbsp;...","published_at":"2019-08-24T14:42:25Z","author_name":"Maximillian Kovtun","url":"/feed/124569","canonical_url":"https://wefunder.com/feed/124569"},{"id":124375,"entity_id":"wefunder:feed_item:124375","type":"FeedItem::Update","visibility":"public","title":"Closing Date and Another Cool Article","preview":"Our campaign on wefunder is going to be closing on August 3oth. You can invest up until that point. I noticed that the closing date is not visible on our wefunder page, so that's why we're letting you know via update.\u0026nbsp;Also, we read another great article about us recently and\u0026nbsp;this author really understands what we're doing with our robots. You can check it out here:\u0026nbsp;https://www.techgyd.com/first-all-purpose-robot-assistant/41812/","published_at":"2019-08-21T13:36:07Z","author_name":"Maximillian Kovtun","url":"/feed/124375","canonical_url":"https://wefunder.com/feed/124375"},{"id":124285,"entity_id":"wefunder:feed_item:124285","type":"FeedItem::Update","visibility":"public","title":"Wefunder and Travelmate (click to read)","preview":"We saw another great article about wefunder and our project. You can read it by clicking here:\u0026nbsp;http://usdailyreview.com/wefunder-and-travelmate-robotics/We've gotten a lot of news coverage, but this article is interesting because it talks about equity raises in general.\u0026nbsp;","published_at":"2019-08-19T16:26:26Z","author_name":"Maximillian Kovtun","url":"/feed/124285","canonical_url":"https://wefunder.com/feed/124285"},{"id":124020,"entity_id":"wefunder:feed_item:124020","type":"FeedItem::Update","visibility":"public","title":"Our Future Plans to Expand our Line of Robot Products (click here to read)","preview":"I am re-posting this update since it wasn't sent out to all of our investors and it's important.\u0026nbsp;Also, feel free to check out our other updates if you haven't already.\u0026nbsp;We like to future proof ourselves, as is probably evident by the types of products that we make. After we expand our assembly capabilities to at least 5,000 units per month and fulfill the demand for Travelmate robots, we plan to branch out and expand our product line. We are applying our tech to new situations and ha...","published_at":"2019-08-10T10:13:08Z","author_name":"Maximillian Kovtun","url":"/feed/124020","canonical_url":"https://wefunder.com/feed/124020"},{"id":123664,"entity_id":"wefunder:feed_item:123664","type":"FeedItem::Update","visibility":"public","title":"Awesome News Article About us (click to read)","preview":"We've gotten a lot of wonderful coverage in the media, with over 3,000 articles published. I just saw an article come out today and I wanted to share it because they have an interesting perspective on investing in our company.\u0026nbsp; Take a look at this unique take on our company:\u0026nbsp;https://www.businesstelegraph.co.uk/how-to-become-a-millionaire-by-investing-in-the-next-apple/","published_at":"2019-08-06T12:28:52Z","author_name":"Maximillian Kovtun","url":"/feed/123664","canonical_url":"https://wefunder.com/feed/123664"},{"id":123526,"entity_id":"wefunder:feed_item:123526","type":"FeedItem::Update","visibility":"public","title":"How Travelmate Robot Technology Will be Applied to Healthcare (click to read)","preview":"Imagine or remember a time when you were a patient in a hospital. Now, imagine that a Travelmate robot follows you and carries the medical equipment that you need around for you. This robot monitors your health and vital signs and gives these diagnostics to your doctor instantaneously. This is another application that we have been working on for our robots. It is a robot assistant based on the technology of our Travelmate Robots. There is a lot of potential to expand on the existing technolog...","published_at":"2019-08-02T13:14:19Z","author_name":"Maximillian Kovtun","url":"/feed/123526","canonical_url":"https://wefunder.com/feed/123526"},{"id":123121,"entity_id":"wefunder:feed_item:123121","type":"FeedItem::Update","visibility":"public","title":"Partnerships, Add Ons, Accessories and More (click to read more)","preview":"Our previous updates talk about our business strategy, future products, technology licensing opportunities, our development goals and our market opportunities. If you haven't had a chance yet, I highly recommend that you take a look at our other updates. This update is about how we're using partnerships to develop add ons and new features for our current Travelmate Robots. Travelmate is designed for easy and in depth customization. This is great for users and great for you as an investor, sin...","published_at":"2019-07-28T14:24:11Z","author_name":"Maximillian Kovtun","url":"/feed/123121","canonical_url":"https://wefunder.com/feed/123121"},{"id":122946,"entity_id":"wefunder:feed_item:122946","type":"FeedItem::Update","visibility":"public","title":"Additional Info About our Company Status and Some Important FAQ (Click to Read)","preview":"We want to provide you with some additional information about our company and our past raise. Before you read this update, we highly recommend that you also check out our previous updates. They will give you a good sense of some of the things that we are planning for the future and what our business strategy is. Our goal is to be as transparent as possible at every step, since you are our partners in this business and we value your investment. This is why we try to go as in depth as possible ...","published_at":"2019-07-26T06:36:10Z","author_name":"Maximillian Kovtun","url":"/feed/122946","canonical_url":"https://wefunder.com/feed/122946"},{"id":122170,"entity_id":"wefunder:feed_item:122170","type":"FeedItem::Update","visibility":"public","title":"Our Future Plans to Expand our Line of Robot Products (click here to read)","preview":"We like to future proof ourselves, as is probably evident by the types of products that we make. After we expand our assembly capabilities to at least 5,000 units per month and fulfill the demand for Travelmate robots, we plan to branch out and expand our product line.\u0026nbsp;We are applying our tech to new situations and have created some concepts that we want to share with you. We have done some prototyping for these use cases already. The first thing we want to show you is a robot platform o...","published_at":"2019-07-17T07:48:30Z","author_name":"Maximillian Kovtun","url":"/feed/122170","canonical_url":"https://wefunder.com/feed/122170"},{"id":121566,"entity_id":"wefunder:feed_item:121566","type":"FeedItem::Update","visibility":"public","title":"Partnership between 20th Century Fox and Travelmate Robotics (click to read).","preview":"We have gotten a lot of offers from\u0026nbsp;multiple film studios to utilize our products and to partner with them on promotions. Now, we've chosen to work with 20th Century Fox to do promotional tie ins for their films. Spies in Disguise, which features the vocal talents of Tom Holland and Will Smith, is one such project. We are planning on making souvenirs for them, themed robots inspired by the movies and do other promotions.\u0026nbsp;To put this into perspective, the only other robotics company ...","published_at":"2019-07-09T07:14:38Z","author_name":"Maximillian Kovtun","url":"/feed/121566","canonical_url":"https://wefunder.com/feed/121566"},{"id":121033,"entity_id":"wefunder:feed_item:121033","type":"FeedItem::Update","visibility":"public","title":"How Our Robots will become a Platform for Thousands of Features","preview":"When Apple announced the first ever iPhone, they understood something about their product that most consumers didn't at the time. They knew that the point of the iPhone was for it to be a supercomputer with millions of features at the tips of your fingers. Back then, the idea sounded far fetched to many. Famously, Verizon refused to carry the first iPhone because they didn't see a market for it. Of course since then, people have completely embraced smartphones and most can't imagine living wi...","published_at":"2019-07-03T09:10:05Z","author_name":"Maximillian Kovtun","url":"/feed/121033","canonical_url":"https://wefunder.com/feed/121033"},{"id":120725,"entity_id":"wefunder:feed_item:120725","type":"FeedItem::Update","visibility":"public","title":"News About Consumer Robotics","preview":"News articles are written about our product almost everyday and we wanted to highlight a recently published article that came out today. This article sites research into the 19 billion dollar consumer robotics market and how that pertains to our product. It's a great read and I highly recommend for you to take a look. Here is the link to it:\u0026nbsp;https://english.newstracklive.com/news/tmr-to-lead-a-massive-revolution-in-the-robotics-industry-sc7...","published_at":"2019-06-29T17:47:38Z","author_name":"Maximillian Kovtun","url":"/feed/120725","canonical_url":"https://wefunder.com/feed/120725"},{"id":118922,"entity_id":"wefunder:feed_item:118922","type":"FeedItem::Update","visibility":"public","title":"Chicago Tribune Wrote about us and called us a potential Unicorn Company investment!","preview":"We wanted to link an awesome article that Chicago Tribune just published about us.\u0026nbsp;You can read it by clicking here:\u0026nbsp;https://www.chicagotribune.com/suburbs/morton-grove/community/chi-ugc-article-consumer-robotics-and-...Also, huge thanks to our early bird investors who have made our equity campaign successful! We have reached our minimum funding goal and we are so happy to have you be a part of our project.\u0026nbsp;","published_at":"2019-06-09T10:40:49Z","author_name":"Maximillian Kovtun","url":"/feed/118922","canonical_url":"https://wefunder.com/feed/118922"},{"id":118817,"entity_id":"wefunder:feed_item:118817","type":"FeedItem::Update","visibility":"public","title":"Click here to read: Travelmate Robotics as a Company, Pursuing Additional Business Opportunities in the Airport and Aviation industries.","preview":"Our company's main product is the Travelmate robot assistant and self moving suitcase. With our patent covering all robots connected to smartphones, there are a lot of potential opportunities to expand on and/or license our technology. One of our investors on Wefunder summarized this point very succinctly:“Not only is the concept awesome but a patent(s) that applies to all future mobile phone/robotic interaction is a potential goldmine.”There are 4.7 billion people every year who board flight...","published_at":"2019-06-06T16:05:33Z","author_name":"Maximillian Kovtun","url":"/feed/118817","canonical_url":"https://wefunder.com/feed/118817"},{"id":118482,"entity_id":"wefunder:feed_item:118482","type":"FeedItem::Update","visibility":"public","title":"Info About our Long Term Strategy","preview":"Hello, we got an interesting question recently and we thought that we'd also post it as an update for you guys. Here is the question,\u0026nbsp;\"You position yourself as a Robotics company versus a Suitcase company. What is on your roadmap for development over the next 1-3 years? Where does IoT, 5G, or LEO Satellite fit with future developments? Do you intended to manufacture autonomous suitcases long-term or do you intend to either license the technology or perhaps even divest that portion of the...","published_at":"2019-06-02T12:50:44Z","author_name":"Maximillian Kovtun","url":"/feed/118482","canonical_url":"https://wefunder.com/feed/118482"},{"id":113229,"entity_id":"wefunder:feed_item:113229","type":"FeedItem::Update","visibility":"public","title":"First Update!","preview":"Hello and\u0026nbsp;thank you to\u0026nbsp;everyone who has invested so far into our equity campaign; we're happy to have you be a part of our company!\u0026nbsp;For anyone interested in seeing some more videos of our robots, check out our website at https://travelmaterobotics.com\u0026nbsp;and our youtube channel at\u0026nbsp;https://www.youtube.com/channel/UCK92opnCjQhel5uAuhMs0xgAlso, here is a great article that was written about our recently launched wefunder campaign. It's worth a read:\u0026nbsp;https://www.veteran...","published_at":"2019-06-01T07:51:19Z","author_name":"Maximillian Kovtun","url":"/feed/113229","canonical_url":"https://wefunder.com/feed/113229"}],"q_and_a":[{"id":55869,"entity_id":"wefunder:comment:55869","question":"@maximillian, do not invest, this is a SCAM. They never ship producers to u stomers who already paid. Dont reply on mails, messages and where they can they remove comments. Again DO NOT INVEST, YOU WILL LOSE YOUR MONEY","author_name":"Pim Van Breukelen","votes":5,"created_at":"2019-06-22T11:03:36Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55869","answers":[{"id":55873,"entity_id":"wefunder:comment:55873","answer":"Hello Pim, I am part of the company actually. We don't delete comments and your comment is visible here, so don't worry. I don't see you as a buyer, so I don't know your order status. If you have placed an order, can you please email us with the name used on the order? If there are any issues, we will help sort them out for you. Our email is info@travelmaterobotics.com","author_name":"Maximillian Kovtun","votes":2,"created_at":"2019-06-22T12:34:24Z"}]},{"id":58172,"entity_id":"wefunder:comment:58172","question":"So with the $100 Investment offering only 50 shares what is the possibility amount of a profit for the $100 investors?","author_name":"Cedric Chance","votes":3,"created_at":"2019-07-28T21:37:11Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-58172","answers":[{"id":58676,"entity_id":"wefunder:comment:58676","answer":"Hi Cedric, You would get the same type of return and shares value. The shares valuation is the same, regardless of the amount of shares. If you invest a higher amount, then of course you stand to gain a larger ROI (as well as bonuses for certain amounts). I can give you an example: the people who first invested 1000 dollars into apple or google, are really rich right now. My goal is for our investors to have the same type of results!","author_name":"Maximillian Kovtun","votes":3,"created_at":"2019-08-02T13:18:18Z"}]},{"id":133073,"entity_id":"wefunder:comment:133073","question":"I invested in this company went it first started and now it shows that I'm only a follower. That's very odd and going to look more into it.","author_name":"Johanny Mejia","votes":2,"created_at":"2021-03-01T17:19:31Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-133073","answers":[]},{"id":57227,"entity_id":"wefunder:comment:57227","question":"Hello, it is an interesting project, however it would be good to have a document or listen numbers of how many shares we get for each investment. You just mention t-shirts, coupons, etc. But it would be more attractive if we can see how many shares to predict the returns. $250+ — $1500+ — $2,500+ — $5,000+ — $10,000+ — $50,000+ — Thank you","author_name":"Anete Martinsone","votes":2,"created_at":"2019-07-16T17:46:04Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-57227","answers":[{"id":57455,"entity_id":"wefunder:comment:57455","answer":"Hi Anete, sure thing. You just need to divide the amount invested by 2 in order to get the shares amount. This would be as follows: 125, 750, 1250, 2500, 5000 and 25,000.","author_name":"Maximillian Kovtun","votes":0,"created_at":"2019-07-19T03:29:59Z"}]},{"id":54707,"entity_id":"wefunder:comment:54707","question":"Max, thanks for your response, but perhaps the key point I was asking went unanswered: how much of your deferred revenue liability is from perks owed from past raises, and how much is from actual revenue generating orders? Of the orders, is there a risk of cancellation if you don’t deliver by a certain date? Considering your balance sheet shows you have not $1 of inventory (not even a spare wheel or suitcase shell laying around?) It seems like any customer prepaying for a future order would have some time expectation before being able to walk away, so curious how much of the “deferred revenue” will ultimately end up as revenue, if any. And again, as your financials say you have no inventory in any state, assuming you have a successful raise here, how long until the liabilities from past raises are satisfied so you can start generating revenue? Thanks!","author_name":"Reese Edwards","votes":2,"created_at":"2019-06-06T22:33:35Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-54707","answers":[{"id":54833,"entity_id":"wefunder:comment:54833","answer":"All the initial inventory items were included in the total amount of the 'Cost of Goods Sold' (Financials report). In particular, it includes the previously paid price for the inventory necessary to produce pilot mass manufacturing samples previously shipped to some key distributors, backers and clients. This includes molds, tooling, testing equipment, PCBA components and mechanical items. The R\u0026amp;D expenses were also included in the total amount of the 'Cost of Goods Sold'. We have a complete supply and assembly chain for the mass production of the product. To make the product more cost effective, the MOQ for the key components (PCBA \u0026amp; mechanical items etc.) necessary for complete assembly of Travelmate robots should be at least 3000 units. Buying this inventory will allow us to ship to distributors via container and will allow us to fulfill pent up demand for the product. The revenue from the sales of these 3000 units would be enough to fulfill the past raise's obligations and start the generation of sufficient additional revenue. As sooner as we raise enough funds to fulfill order demand, we plan to expand our assembly capabilities and our supply chain. The rate of expansion is contingent on the amount of funds that we have available. We plan to make a minimum of 5k units per month and then expand gradually from there.","author_name":"Maximillian Kovtun","votes":0,"created_at":"2019-06-09T14:05:04Z"}]},{"id":250722,"entity_id":"wefunder:comment:250722","question":"Wow","author_name":"George Simons","votes":1,"created_at":"2023-06-16T00:30:46Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-250722","answers":[]},{"id":250721,"entity_id":"wefunder:comment:250721","question":"Travel Mate is a game changer..","author_name":"George Simons","votes":1,"created_at":"2023-06-16T00:30:41Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-250721","answers":[]},{"id":179357,"entity_id":"wefunder:comment:179357","question":"aNY product delivery ?","author_name":"Krishna Mohan Gummalla","votes":1,"created_at":"2021-11-14T23:20:38Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-179357","answers":[]},{"id":175001,"entity_id":"wefunder:comment:175001","question":"Max, what happened over at Start Engine recently?","author_name":"Reese Edwards","votes":1,"created_at":"2021-10-20T15:29:06Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-175001","answers":[]},{"id":167643,"entity_id":"wefunder:comment:167643","question":"So Max is running the same con on Start Engine now. Awesome.","author_name":"Reese Edwards","votes":1,"created_at":"2021-09-03T15:12:58Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-167643","answers":[]},{"id":164623,"entity_id":"wefunder:comment:164623","question":"do not invest, this is a SCAM. They never ship producers to u stomers who already paid. Dont reply on mails, messages and where they can they remove comments. Again DO NOT INVEST, YOU WILL LOSE YOUR MONEY","author_name":"Vishal Gurbuxani","votes":1,"created_at":"2021-08-20T17:00:41Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-164623","answers":[]},{"id":141067,"entity_id":"wefunder:comment:141067","question":"So it is April 10th 2021 - I have not received any updates for some time what is going on with the company?","author_name":"David P Money","votes":1,"created_at":"2021-04-10T21:07:59Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-141067","answers":[]},{"id":139694,"entity_id":"wefunder:comment:139694","question":"Seriously ? https://www.indiegogo.com/projects/travelmate-a-fully-autonomous-suitcase-and-robot--2#/updates/all Come on Max , at least make it appear like there is some sort of legitimacy here before hoodwinking another bunch of suckers like me and the group of original backers","author_name":"Justin Minyard","votes":1,"created_at":"2021-04-03T19:44:55Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-139694","answers":[]},{"id":139693,"entity_id":"wefunder:comment:139693","question":"Is this the same crowd funded robot suitcase that stole over $1,000,000.00 USD from backers , failed to ever ship a viable product and was kicked off of indigogo due to financial and executive improprieties? Just curious because they look exactly the same but what do I know ? If this is something different with a wholly separate design , supply and execution team please let me know ,,,,if not I’ll gladly keep the $499.00 USD I received after American Express processed my chargeback from the epic fail the last time you ran this scam . Best of luck","author_name":"Justin Minyard","votes":1,"created_at":"2021-04-03T19:43:04Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-139693","answers":[]},{"id":133075,"entity_id":"wefunder:comment:133075","question":"I don't see my investment of $500 on Travelmates Robotics. It shows on my portfolio but not the in the Wefunder page.","author_name":"Johanny Mejia","votes":1,"created_at":"2021-03-01T17:24:32Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-133075","answers":[{"id":165607,"entity_id":"wefunder:comment:165607","answer":"Hi, if you made your investment during the wefunder round and don't see it on the page, then please contact wefunder support at hello@wefunder.com If you invested during a different round, then you can email us directly at info@travelmaterobotics.com and we will help you get this sorted out.","author_name":"Maximillian Kovtun","votes":0,"created_at":"2021-08-25T02:00:49Z"}]},{"id":64330,"entity_id":"wefunder:comment:64330","question":"This is more of a stating a comment rather than asking a question. I am totally surprised that @Maximillian is still monitoring, answering questions and resolving issues well after the closure of this funding round....doesn't seem like a scam to me! Actually I am trying to find out if there will be any other funding rounds....so that I can invest more as well as invite others to invest! Again thanks for sharing your brilliant mind, ideas and vision with the world. I'm sure that these (suitcases, golfing caddies, coolers, and future medical devices) products in the pipeline along with partnership with automakers will have all Travelmate Robotic investors laughing all the way to the bank!","author_name":"Terrance Montgomery","votes":1,"created_at":"2019-09-26T02:56:14Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-64330","answers":[{"id":65612,"entity_id":"wefunder:comment:65612","answer":"Thanks for the kind words and support Terrance!","author_name":"Maximillian Kovtun","votes":2,"created_at":"2019-10-09T21:31:25Z"}]},{"id":61255,"entity_id":"wefunder:comment:61255","question":"This is more a comment of appreciation to Maximillian Kovtun than a question. Having read many of the Q\u0026amp;A below, I am impressed with you taking the time to answer all the questions so completely and patiently. We apologize for taking so much of your valuable time in this most important transition period. I'm very thankful for your updates.","author_name":"Sung C. Cha","votes":1,"created_at":"2019-08-30T16:23:32Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-61255","answers":[{"id":64497,"entity_id":"wefunder:comment:64497","answer":"Thank you for the kind words, I really appreciate it!","author_name":"Maximillian Kovtun","votes":0,"created_at":"2019-09-27T14:30:18Z"}]},{"id":60696,"entity_id":"wefunder:comment:60696","question":"What is the price of the suitcase for investors? Do investors get a special discount? Does the company have any exits planned? Is the company planning to go public? Will the investors be notified when the company goes public? After this round is over how long will it be before investments are finalized. Thanks","author_name":"Jonathan Footman","votes":1,"created_at":"2019-08-25T22:35:02Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-60696","answers":[{"id":61055,"entity_id":"wefunder:comment:61055","answer":"This depends on the investment amount. You get shares in the company if you invest between 100-250 dollars. If you invest 250 dollars or more, then you get a discount of 250 dollars for any of our robots (now and for future products). There are also additional perk discounts if you invest above certain amounts, and those are visible on our wefunder page. We plan on doing an accredited investors' raise after this current raise. Afterwards, we are planning on doing an IPO after a year. Your investment is finalized as soon as your payment is confirmed. You automatically become a partner in our business and we'll send stock certificates to all of our investors after this raise ends.","author_name":"Maximillian Kovtun","votes":0,"created_at":"2019-08-29T05:11:17Z"}]},{"id":59201,"entity_id":"wefunder:comment:59201","question":"Please tell me your sales price (average selling price), COGS, and gross margin for each of the three suitcases. Also please provide a projection of how many of each suitcases you expect to sell in the next 12 months following the close of this round.","author_name":"Henry R Hague, III","votes":1,"created_at":"2019-08-08T18:21:35Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-59201","answers":[]},{"id":58318,"entity_id":"wefunder:comment:58318","question":"Hello! Questions for you: 1. How do you anticipate the suitcase's hardware being able to withstand being thrown around by baggage handlers and/or perhaps being in storage for months at a time between trips? 2. You mentioned in the video that investors would have the opportunity to purchase a suitcase for $399, however you speak to % off at certain investor levels. Can you please clarify how one would purchase a suitcase for $399? 3. How many suitcases have actually been manufactured thus far? 4. How did you come to your price points on the different sizes available on the website? Are you worried the prices are too expensive for the average consumer? What are % of sale price is direct costs to manufacture the product?","author_name":"Peter Rousseau","votes":1,"created_at":"2019-07-30T12:45:38Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-58318","answers":[{"id":60680,"entity_id":"wefunder:comment:60680","answer":"Hi Peter, to answer your questions: 1. There is no issue with storing the device for months at a time. We provide a 2 year full warranty against any defects. The inside of the suitcase has another secure plastic shell, to help keep everything in place. We know how rough baggage handlers can be, so we did our best to safeguard against fall damage. It is also water resistant on both the outside and inside. So if you want to put some ice and some beer inside, then have it follow you, then you can certainly do that :). 2. This is from our indiegogo, which had a promotional price 2 years ago for early backers. 3. A bit more than 400 as of now. 4. The pricing is competitive and is cheaper than many rimowa and tumi suitcases. Those examples are not robots and are just normal suitcases. You must also consider that when we sell in bulk to distributors, we give them the distribution price and not the retail price, so our margin is lower there. The demand is clearly there, as we are sold out of stock on our website and the focus is to scale up our manufacturing towards making at least 5k units per month. This will enable us to take on larger orders for interested distributors. The cost to manufacture info is on our campaign page.","author_name":"Maximillian Kovtun","votes":0,"created_at":"2019-08-25T16:27:34Z"}]},{"id":55952,"entity_id":"wefunder:comment:55952","question":"What is the US patent number for the company's patent?","author_name":"Ravi Pamnani","votes":1,"created_at":"2019-06-24T09:20:48Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55952","answers":[]},{"id":55950,"entity_id":"wefunder:comment:55950","question":"I am an indiegogo backer and I got my suitcase. It works pretty well. Don't presume for all of us. If you have an issue then you should sort it out with them. But saying the stupid stuff you're saying is helping no one. I am wheelchair bound and I want to see this product succeed. This is the best product out there if you need to travel and are in my type of situation.","author_name":"Thomas Ford","votes":1,"created_at":"2019-06-24T08:04:59Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55950","answers":[]},{"id":55872,"entity_id":"wefunder:comment:55872","question":"Wanted to chime in to say I played around with one of these myself when I was at an exhibition in LA. I got to say, it's a wonderful product! Way ahead of its time certainly. I am guessing that you are raising funds to make more of these. Oh and don't listen to the commentors who are putting their 2 cents in without even seeing this product. Some of the comments are just plain dumb. Travelmate, I wouldn't even answer them if I were you. I believe in this product and want to see you succeed. Best of luck in your campaign","author_name":"Jack Raymond","votes":1,"created_at":"2019-06-22T12:17:06Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55872","answers":[]},{"id":55631,"entity_id":"wefunder:comment:55631","question":"Has the FCC certified the device yet? If so, please provide documentation. If not, why have you shipped out devices that havent been certified? Additionally, why did the patent holders of the device invest here? Why did they provide testimonials as if they were a neutral third party?","author_name":"Andy Brooks","votes":1,"created_at":"2019-06-19T22:01:55Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55631","answers":[]},{"id":55557,"entity_id":"wefunder:comment:55557","question":"Hi Max, thanks for your response but still don't understand. The number you quoted me as the liability sitting on your balance sheet for past raises of $788,420 is just the amount of cash raised from Indiegogo several years ago... the liability to these investors should be less than the cash raised, even on day one. The liability when you closed indiegogo should have been the fair value of the perks owed (guessing # of suitcases owed multiplied by COGS plus shipping?), and then that liability goes down as you ship perks. But it wouldn't ever be just the amount of cash raised. Maybe asking another way, how many more suitcases need to be sent to past investors to completely satisfy the indiegogo folks? How many did you need to ship when the round closed, and how many are left to ship? Or going at it another way, what is the contract value of 3rd party (i.e. non-investor) deferred sales? This is a big number on your balance sheet, and the financials don't help a reader to understand it. I appreciate your responses but this is a key piece of info that potential investors will need to understand before making a decision. Understanding that you may not be an accountant, could you request this info from Campbell Jones Cohen if you don't have it yourself?","author_name":"Reese Edwards","votes":1,"created_at":"2019-06-18T19:41:52Z","canonical_url":"https://wefunder.com/travelmate.robotics#question-55557","answers":[]}],"faq":[{"question":"How do you respond to the abysmal comments on your Indiegogo site where you seemingly have hundreds of upset backers who are very upset with delays and not receiving their products?","answer":"That is understandable. Some of the people who backed us on indiegogo are unhappy because we are slowly sending out units to backers. We're in a similar position right now, as Tesla was when they were sending out the first roadsters. We need to purchase long lead time inventory and necessary components in large quantities and that requires more capital than we have on hand. This is the main reason why we are doing an equity raise. With additional funds, we we will be able to take on larger or..."},{"question":"How do you deal with airline battery restrictions?","answer":"Travelmate robots are allowed on all airlines and fully compliant with IATA (international air transport association) guidelines. The powerbank is easily removable from the top. You can see that in some of the videos when you scroll down on our campaign. The battery is also under 100wh and it is allowed as carry on."},{"question":"On your financials, can you provide the split of how much of the deferred revenue is customer orders versus unfulfilled perks from past raises? I don't understand how can there be at least two years of operations and yet you have only a little cash on hand and a patent(s) as a...","answer":"Hi Reese, Our website was internally developed and costs were expenses as incurred. Therefore, no amount has been reported as an asset on the balance sheet. Funds raised have been used to develop the product.\u0026nbsp; Product development costs have been expenses as incurred. Product development costs have been recorded as cost of sales."},{"question":"What is the ideal price point for the travel suitcases and profit margin?","answer":"Our profit margin is more than 50% and the price to manufacture per unit will go down further, when we scale up the amount of units we make. For now, the price point is ideal at 1-1.5k depending on the unit type."},{"question":"Seems like the Tariffs are working. Glad to read you are considering bringing manufacturing back home. Once you manufacture items like this oversees your IPs immediately gone and clones popup all over the place :) Anyway, onto my question. How well does this work in a crowded ...","answer":"Hi Kevin, it does well in airports and in crowds. You can see some of our videos on our campaign page when you scroll down. it's got sensors so that it'll stop when someone comes in front of it, which comes in handy to prevent tripping. We also have some videos in airports over on our youtube page: https://www.youtube.com/channel/UCK92opnCjQhel5uAuhMs0xg"}]}}}