BIB Technologies (Equity)
Funding Details
Awarder
StartEngine
Date Award
November 6, 2023
Vertical
Retail Technology
Funding URL
View Funding Page
Premoney Valuation
$18,070,000
Valuation
$40,000,000
Funding Amount
$24,000,000
Company Info
Founding Year
2023
Traction
BIB Technologies has achieved an average of $10,000+ in monthly recurring revenue with their FRO UEV since April 2023. They have secured placements at prestigious locations like the Los Angeles Natural History Museum & La Brea Tar Pits.
Revenue Amount
$10,000,000
Organizations Involved
Red Bull, PATH water, Liquid Death
Founders
Nanavati Low, Deloss Pickett, Steve Factor
Market
Retail
Location
Los Angeles, CA, US
Coinvestors
StartEngine Capital, LLC
Company Description

BIB Technologies develops refrigerated mobile storefronts using smart shelf technology powered by its own clean energy source. Their flagship utility electric vehicle (UEV) called AUTOMATO serves non-traditional locations within the U.S. Their technology is patent-protected, and they have collaborations with well-known brands like Red Bull, PATH water, and Liquid Death.

Links
Website
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