Phat Scooters

Phat Scooters Co-Op 7 - Black Frame HD

Phoenix

http://www.phatscooters.com

Sorry this Co-Op did not reach its funding goal.

Inventory Inspection Type

9.49% Co-Op Profit Margin $112.27 profit per pack

6.1 MonthsDuration

80%PSC

Purchase Methods

Hello KF,

We are back! Sales have exploded (2020 ended at over $8M - up from $2.7M in 2019) and our trailing 12 month is now $9.7M.

After our last payoff we really got dialed in and sales took off. 

Recently we had a change in control and the new primary shareholders are excited about the growth and potential. 

I am still here (Derrick) now serving as President and COO. 

We moved last fall into a big beautiful 48,000 square foot facility and in my new role we have been able to reduce our throughput times for production by 80%!! So we are ready for the big leagues!

Speaking of - our TV show - Riding Phat goes live in about 4 weeks on the Crackle streaming network broadcast to over 60M subscribers. So we need more inventory. And this time we are moving some production and all of assembly here in the Southwest. 

Here is an episode preview https://www.youtube.com/watch?v=KRItZqvo04E&t=1s
And the sizzle reel. 

Stars appearing in this season - Jeremy Renner, Craig Jackson, Lil Jon, Tedy Bruschi, Dominique Wilkins and Michael Waltrip. 

We have what are calling our hybrid models coming in July. Mexican frames and accessories (through the Mexico America Trade Agreement), electronics from China. The new model prototypes are insane - we already build the best electric two wheeler on this market - and this new unit is a big improvement (twice the hill climb, more accessories, easier to build, a larger capacity battery and the ability to program the units for the conditions.) This Co-Op is to fund our black frame units. We'll be launching another Co-Op very shortly after for the white frame units. Please support us on both!

For those unfamiliar with us. Here is some background on our company:

Our business has been built on our strong reputation as the "Mercedes Benz of Electric Scooters" attested to by our customer from PGA Pro Pat Perez, to William Murray Golf and The Chive (images below) to Golden Tate of the Detroit Lions, Ricky Fowler, Rascal Flats, Jeremy Renner, Dominique Wilkins, Dan + Shay, Darius Rucker, Rowdy the mascot for the Dallas Cowboys, Kona Brewing, Dak Prescott and more than 150 other high profile celebrities as paying customer.


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