The problem Powered transport wheelchairs are not intended for Caregivers to drive them, and their attached motors make them too heavy to easily transport
Their is a growing shortage of able caregivers -
40% of 53MM US Caregivers will die before the person they care for due to physical & mental stress Caregivers are often injured when manually transporting patients or loved ones in non-powered transport wheelchairs
If you rely on a caregiver or your spouse for transport and they become injured (or die) your next!
The solution Create a caregiver focused lightweight transport wheelchair that can be separated and more easily transported in a vehicle than other devices on the market with attached motors
Add a handgrip controller so the caregiver can effortlessly transport an often much heavier person long distances over multiple terrains without ever pushing to propel, or pulling to stop
The market The US wheelchair market will reach $4B by 2028 with a rapid growth rate
CAGR 19% ‘23-28 due to baby boomer population, neglected health habits, post COVID effects
The opportunity
Fulfill caregiver need (market gap) with 1st gen. product for caregivers - reginal sales launch - stabilize product/supply chain/digital assets
Rapidly expand product line to serve all segments using single interchangeable power module and simplistic/modernized wheelchair frames in 2 sizes - national sale launch
Capture $0.5B sales revenue by 2028
Early exit target 2-3yrs 10X + ROI
The product
Mechanical, electrical, software engineered & documented, units built, RESNA safety tested, customer tested, units in-service, market accepted, units sold, production phase ready, fda approval pending production samples
The protection
2 US patents issues, 9 international pending, provisional patent active, trade marked registered
The team
Proven track record, multiple exits, ready to multiply investment . . . truly care for the cause
The raise
1.5M - tooling/1st run/fda approval/reginal launch
3M - expansion/exit or continued growth