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?

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...

How do you deal with airline battery restrictions?

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.

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...

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. Product development costs have been expenses as incurred. Product development costs have been recorded as cost of sales.

What is the ideal price point for the travel suitcases and profit margin?

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.

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 ...

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

Travelmate Robotics Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

1 billion+ potential market for consumer robotics.

Only robotic suitcase compliant with all airline regulations.

Patented robot assistant and proprietary movement system.

Awarded Best Product at the 2018 Travel Goods Show.

Over three thousand articles have been written about Travelmate Robotics as well as numerous accolades and glowing reviews.

A proprietary movement system that connects to all smartphones.

Travelmate Robotics

The first robot assistant and self moving suitcase.

Never miss an update

What Investors Say

Travelmate Robotics

Quick facts

Team profiles

Never miss an update

What Investors Say