Introduction: We are seeking $1.5 million dollars as an initial investment to build the prototype robot Field Rovers. We are located in Fort Myers Florida.
Product: Field Rovers is an autonomous driven solar powered farm field monitoring system that will end the overuse of pesticides, fertilizers and groundwater. It will revolutionize farming worldwide by increasing crop production by real time soil and plant testing and digital monitoring. Farmers on average lose 32% of their crops every year because of improper field management (farmers in poor countries lose much more), Field Rovers ends this waste.
Market: Farmers worldwide, golf courses, orchard growers and any other group that uses fertilizers, pesticides and groundwater.
Competitive edge: Field Rovers is all-in-one field monitoring system that provides farmers with all of their field monitoring needs in one platform.
Objectives, near term and long term: Near term we intend on having a fully functioning prototype, which is the objective of our initial financing request. Once the prototype is operational we expect 1,000 unit sales in the first twelve months of operation with a 13% CAGR in the coming years.
Financial's: Year One Revenue $150,669,345.00 / Year Two $174,770,355.00.