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Venture Capital Deals: August 19, 2022

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Venture Capital Deals: August 19, 2022

Many of the current Venture Capital bets are taking place at the high-stakes tables. Check out 58 recently announced august V.C. deals!

The fun thing about today is that 10 of our featured V.C. transactions of the day were $100 million or more.

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There’s plenty to discuss today. I’m caught up in reporting on August 2022 V.C. deals and have the 58 deals I’m sharing with you in the following. Always, please submit corrections and suggestions or simply drop us a line and let us know if you consider this information useful.

Arc Technologies

A San California-based Arc Technologies, a startup fintech firm, has raised 20 million through Series A funding, led by Left Lane Capital, with participation from Alumni Ventures, Atalaya Capital Management, Bain Capital Ventures, Chargebee, Clocktower Technology Ventures, Column, Dreamers V.C., NFX, Plaid, Soma Capital, Torch Capital, Vouch, Wayflyer, and Y Combinator.

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Arena

Arena, an online platform for medication management, has concluded the Series B round of venture capital. The company 111 West Capital led the round. Katalyst. Ventures, MBX Capital, New Leaf Venture Partners, and Super Capital Group also invested. The company is located in San Francisco, California.

Atalaya

Atalaya, which sells shrimp farming technology, has landed the $3.9 million Series A financing round backed by angel investors. The company is located in Indianapolis in the U.S. and in Mexico City.

AtoB

Payments for truck venture AtoB received $155 million of new funding, with an equity investment of $75 million and $80 million in debt. General Catalyst Partners and Elad Gil were the prominent investors, including involvement from Collaborative Fund, Contrary Capital, Leadout Capital, and XYZ Ventures. The company is headquartered in San Francisco, California.

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Bearing

AI Fund and Mitsui & Co. joined the $7 million seed financing round of Bearing. It is located within Palo, the city of Alto in California. The company hopes to assist in helping the shipping industry to become more sustainable as well as more effective.

Byte Kitchen

Byte Kitchen, a restaurant tech startup, has secured equity funding of $6 million. The investment’s lead investors were Crosslink Capital, Emergent Ventures, and Kevin Mahaffey. Correlation Ventures, Soma Capital, WndrCo, Y Combinator, and other private investors participated in the round. The company is located in San Mateo, California.

CareHarmony

CareHarmony, a software company that creates software to coordinate care, has racked up $15 million in financing. The Series A financing was managed by Maverick Ventures, with participation from Nashville Capital Network. The company is located in Nashville, Tennessee.

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Closinglock

Closinglock Closinglock, a real-estate technology startup, has received $4 million from venture capital in an equity round facilitated by LiveOak Venture Partners, with backing from GTMfund and RWT Horizons. The company is located in Austin, Texas.

Dianxiaomi

Dianxiaomi

Dianxiaomi, which provides Enterprise Resource Planning (ERP) applications for companies that sell online, has closed its 110 million Series D financing round. Sequoia Capital China and SoftBank Vision Fund were the lead investors in the round and participated in GGV Capital, Huaxing Growth Capital, and Tiger Global Management.

Dr. B

Dr. B Medical Distribution, a startup, was awarded an investment round of $8 million. Lerer Hippeau, as well as Founders Fund, led the investment.

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DriveNets

Israeli-based DriveNets has nabbed an impressive $262 million in the Series C financing round, which included D2 Investments leading the round. D2 Investments, Atreides Management LP, Bessemer Venture Partners, D1 Capital Partners, Harel Insurance Investments and Financial Services, and Pitango Venture Capital participated. The company focuses on cloud-based networking solutions.

Eat Just

The San Francisco-based Eat Just, a food tech company working on egg and meat alternatives, has raised $25 million in a venture round through C2 Capital Partners. The money will allow the company to expand and explore opportunities in China.

Explo

Embedded analytics provider Explo secured $12 million of Series A financing from the lead investor Craft Ventures, with support from Amplo and Felicis Ventures.

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Flow

In one of the most notable recent V.C. deals, the former WeWork co-founder Adam Neumann closed a $350 million funding round for his upcoming rental real estate startup Flow. Andreessen Horowitz invested.

Gorgias

San Francisco-based Gorgias completed the closing of a 30 million Series C funding round. Transpose Platform Management and Shopify were the prominent investors, as well as CRV, Alven Capital Partners, and private investors. Gorgias is an online-based customer service firm.

GrayMatter Robotics

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GrayMatter Robotics, operating out of Los Angeles, secured a $20 million equity investment led by Bow Capital. Other investors participating in the round were 3M Corporation, B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners, and Swift Ventures. The company employs robots and artificial intelligence to assist humans with tedious and challenging ergonomic tasks.

GrowthSpace

Mentorship and coaching platform GrowthSpace completed with a 25 million Series B capital round. Zeev Ventures led the round with the help of M12 and Vertex Ventures. The company is located in New York City.

Guesty

Guesty is a property management platform that secured $170 million in fresh capital. This Series E round was led by Apax Digital, MSD Partners, as well as Sixth Street Growth, with participation from Viola Growth and Flashpoint. The company is located in Tel Aviv, Israel.

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Happy Viking

Foodtech startup based in New York, Happy Viking, raised $2 million in equity financing. Mates, Parallel, Talent Resources Ventures, and many high-profile individuals, including Venus, Serena, and Venus Williams, made investments.

Habib

HR platform HiBob was able to secure an investment of $150 million in a Series D financing round under the direction of General Atlantic. Bessemer Venture Partners also invested. Bob is located on the outskirts of New York and Tel Aviv.

HyperTrack

Westbridge Capital and Nexus Venture Partners took part in a $25 million Series A financing round for HyperTrack. It is a logistics-focused company. HyperTrack is located in Berkeley, California.

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Incredible Health

The San company based in San Francisco, Incredible Health, has landed $80 million in Series B financing. Base10 Partners led the round and was joined by Andreessen Horowitz Obvious Ventures, Rethink Impact, Stardust, 444 Capital Fund, Kaiser Permanente, and multiple individuals who invested. The company is an employment marketplace for health professionals.

Jiminy

Conversational intelligence firm Jiminy received a $16.5 million Series A financing round. Kennet Partners invested. Jiminy is located within the U.K.

Junto

Edtech startup Junto has secured Junto a $5.1 million capital raise. Investors included round leader Earlybird Venture Capital, other financiers Emerge, and Picus Capital. The company is located in Berlin.

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KeyCare

KeyCare, a virtual health company with its headquarters in Chicago, secured an investment of $24 million in a venture capital round. 8VC led the round with the help of Bold Capital Partners, LRVHealth, and Spectrum Health Ventures.

Love Health

Love Health, a pharmaceutical company using the blockchain’s DAO concept, has secured a $7.5 million seed round of funding. Human Capital and MaC Venture Capital were the investors.

Materna Medical

Materna Medical, an OBGYN platform firm, was awarded a $20 million investment round. It is led by InnovaHealth Partners, with Kimera, Wavemaker 360 Health, and others joining. The company is located in Mountain View, California.

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Mobot

Mobot is a platform that provides Q.A. as a service headquartered in New York and secures a $12.5 million Series A financing round managed by Cota Capital. Bling Capital, Heavybit, Primary Venture Partners, and Uncorrelated were also part of the round.

Modulate

Lakestar, Everblue Management, and Hyperplane Venture Capital participated in the $30 million Series A capital raise for the metaverse-based startup Modulate. Lakestar led the investment into Modulate, located within Cambridge, Massachusetts.

Monod Bio

Biotech company Monod Bio, operating out of Seattle, has acquired $25 million from an investment led by Matrix Capital Management, with backing from Boom Capital, Cercano Management, Global Health Investment Corporation, Pack Ventures, Sachsen Ventures, and Washington Research Foundation.

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Mudflap

Mudflap, an app to help fuel prices specifically for drivers of trucks, is now $50 million more prosperous after completing the Series B round of funding. The venture is led by QED Investors and 9Yards Capital and was backed by Commerce Ventures and others. The company is located in Palo Alto, California.

Marcel

Marcel, manufacturing biomaterials made of fungal, received $10 million in new financing from around a dozen investors, which include Industrial Bank of Korea, Korea Development Bank, Spring Camp, Stonebridge Capital, WE Ventures, and ZER01NE. The company is located in Seoul, Korea.

Labor force

Labor force, the elderly care provider, has landed an investment of $9 million in the round of Series A investment. Translink Capital led the game and was joined by Claritas Capital, Techstars, and The Artemis Fund. Translink Capital is headquartered in Richmond, Virginia.

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Northam

Northam announced a $15 million Series A round of investment. Investors comprised Silversmith Capital Partners. The company is based in San Francisco and is dedicated to eCommerce intelligence tools.

Novel Farms

Novel Farms secured $1.4 million in SAFE notes (that implies that the amount of this round is to be decided in a later game). Big Idea Ventures led the band with help from CULT Food Science, Good Startup, Joyance Partners, and Sustainable Food Ventures.

Omni Analytics

Redpoint Ventures, First Round Capital, and G.V. participated in the $17.5 million Series A capital raise for Omni Analytics. Omni Analytics is headquartered in San Francisco and offers an enterprise-level analytics platform for business.

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Orna Therapeutics

The company that develops RNA therapeutics, Orna Therapeutics, secured $221 million in Series B financing from BioImpact Capital, Merck, and MPM Capital.

Astronomy

Robotics company Ottonomy has raised funds in a $3.3 million seed round. Pi Ventures led the round and was joined by Branded Strategic Hospitality, Connecticut Ventures, and individual investors Sangeet Kumar. The company, located in Brooklyn, is a maker of fully autonomous robots that transport food and drinks, food items, grocery products, and even packages to curbsides, last mile, and indoor areas.

Pastel

Nigerian fintech Pastel a company that develops financial software for small companies and small businesses has secured the $5.5 million funding round in its seed. TLcom Capital led the investment with participation from DFS Lab, Global Founders Capital, Golden Palm Investments, Plug and Play Ventures, Soma Capital, and ULU Ventures.

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Pathmonk

Martech startup Pathmonk is based out of Dusseldorf and was able to secure $1.5 million of seed capital via TechVision Fonds and private investors. Based in Dusseldorf, the company is developing AI-powered tools to manage and optimize the performance of websites.

Penfold

The digital pension company Bridford and private investors took part in the $8.5 million Series A financing round of Penfold. Penfold is based in London.

Plops

Plops, a tech-focused company that focuses on helping data centers operate more efficiently and quicker, was awarded the $100 million Series D financing round. Its investors include Koch Disruptive Technologies, SK Hynix, and private investors. The company is headquartered in San Jose, California.

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Pomelo

Fintech startup Pomelo, based in San Francisco, closed a $20 million seed round of funding. Founders Fund and Kevin Hartz were the main sponsors of the round, along with help from Afore Capital, The Chainsmokers, Xfund, and Josh Buckley.

Positive Food

Positive Food closed a $7 million round of funding. The investors included BlueYard Capital, Gaingels, Y Combinator, and several individual investors.

Qeepsake

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Qeepsake, a journaling application to preserve family memories, secured an investment of $2 million for its seed financing round. Investors include LaunchCapital, the lead investor in the round, along with Right Side Capital Management and Techstars. The company is headquartered in Newtonville, Massachusetts.

Regression Games

Regression Games secured $4.2 million in seed funds in an investment led by New Enterprise Associates. Andreessen Horowitz, BBQ Capital, and Roosh Ventures also invested.

Remedium Bio

The Boston-based gene therapy firm Remedium Bio attracted investors with a $2.3 million round of seed capital. Sherwood Ventures was the lead investor and was joined by Angel Star Ventures, Apis Health Angels, Guindy Alumni Angels, and Longevitytech. The fund, MicroVentures, and Primo Medical Group.

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SAIC Mobility Robotaxi

China-based SAIC Mobility Robotaxi, a self-driving taxi robotic platform, has secured $148 million in new capital investment. The Series B financing round was directed by Chinese automaker SAIC Group, with support from Gaoxing Investment and Momenta.

Senda Biosciences

Biotech firm Senda Biosciences snagged $123 million in funding. Its Series C investment was led by Flagship Pioneering, with participation from Alexandria Venture Investments, Bluewave, Longevity Vision Fund, Mayo Clinic, Partners Investment, Qatar Investment Authority, Samsung Life Science Fund, Stage 1 Ventures, and the State of Michigan Retirement System. The company is located in Cambridge, Massachusetts.

Serenity EHS

A San California-based Serenity EHS landed a $5 million seed round of funding. Base10 Partners led the round. The company develops safety, environmental, health, and sustainability software available on ServiceNow. ServiceNow platform.

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Sphere

A platform for upskilling engineering Sphere was awarded $4.3 million of seed capital. It came from Felicis Ventures, with support from Uncommon Capital, Y Combinator, and individual investors. The company is based in San Francisco, California.

Super Payments

Super Payments

Fintech company Super Payments raised $27 million under the direction of Accel Partners, with participation from LocalGlobe, Union Square Ventures, and various private investors. Super Payments is headquartered in Bristol, England.

Sync Computing

Costanoa Venture Capital, Moore Strategic Ventures, National Grid, The Engine, and private investors participated in the $15.5 million Series A financing round of Sync Computing. Based out of Cambridge, Massachusetts, Sync is developing technology for optimization processing specifically designed to boost cloud computing.

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Take App

The Singapore-based Take App, which makes a WhatsApp online shopping app, has secured $1 million in equity with Meta and Y Combinator.

TeamApt

Fintech venture TeamApt, located in Lagos, was able to secure $50 million of investment in a round of funding led by Novastar Ventures and QED. Bossanova Investimentos and Light rock also participated in the competition.

Unstoppable Finance

Fintech company Unstoppable Finance, based in Berlin, has obtained $12.8 million in Series A capital. Lightspeed Venture Partners led the round, including Anagram, Backed V.C., Discovery Ventures, Fabric Ventures, Inflection Equity Partners, Rockaway Capital, and Speedinvest. The company is currently working on uncentralized financing (Defi) wallet.

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Xeltis

Medical device manufacturer Xeltis acquired $15.4 million in investment funds through Grand Pharmaceutical Group. The company is headquartered in Eindhoven, located in The Netherlands.

farm Technologies

Swiss Agritech Venture farm Technologies raised $17.5 million in Series B funding, an investment led by Swisscom Ventures, with participation from Emerald Technology Ventures, Grey Silo Ventures, Neva SGR, NovaCapital, and United Ventures. The company makes in-field sensors that collect and analyze information to enhance agricultural output.

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Things To Consider When Hiring A Towing Company In Edmonton

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Things To Consider When Hiring A Towing Company In Edmonton

Things To Consider When Hiring A Towing Company In Edmonton Being involved in a car accident can be the most nerve-racking experience for many people. However, you can make your life easier if you know how to handle the situation effectively and ease the tension. If nobody is hurt in the collision, you should first try to get your vehicle off the road.

Depending on the accident’s severity, you might need your car to be towed to a nearby auto workshop. Some people do have roadside insurance, which covers towing expenses. If you don’t have yourself protected against roadside emergencies, you might need to call a towing company in Edmonton. It’s not wise to contact just any service provider. There are some dos and don’ts of hiring a towing company.

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To ensure your car safely reaches the auto repair shop, it’s essential to have industry-specific knowledge. While finding a reliable service during roadside emergencies can be challenging, you can do some research in advance.

Things To Consider When Hiring A Towing Company In Edmonton

Provide detailed information to your service provider

If you have a roadside emergency and need professionals to recover your car and transport it before you call any companies, make sure you’re aware of your vehicle type, location, and condition. If your car is stuck in a ditch, you should say to your service provider so they bring in the right equipment and tow truck.

The towing company should have the right truck for the job.

There are many types of tow trucks, and they are used for varying jobs. For example, a flatbed tow truck is an excellent option for transporting sports or antique cars. Tilt deck, wheel-lift, and hook-and-chain tow trucks are also used to move damaged vehicles. It is helpful to have some understanding of how these trucks work. You don’t have to be worried about anything if you find a trusted tow truck company where operators understand what kind of truck or equipment will suit your situation.

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Experienced companies often have a variety of tow trucks to carry out easy and complex towing operations. Action Towing is one of the best towing companies in Edmonton, where we provide a comprehensive range of services, including roadside assistance. The safety of your vehicle is our top priority.

Don’t hire inexperienced companies that charge unreasonably high rates

Simple companies operate in almost every industry. Don’t let a fraudulent or unprofessional company handle your precious car, as this will only add to your worries. Don’t forget to ask about the estimated cost and payment methods they offer. Getting all the necessary information beforehand will save you trouble, time, and money.

About us

As an efficient, experienced, and affordable towing company in Edmonton, we provide prompt services in both standard and emergencies. Don’t forget to call Action Towing to recover or transport your vehicle in Edmonton. We also offer long-distance towing services. For more details, don’t hesitate to get in touch with us!

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These Are the Most Common Tax Filing Errors Made by small business owners (and the best way to avoid them)

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These Are the Most Common Tax Filing Errors Made by small business owners (and the best way to avoid them)

Making sure you avoid these tax filing Errors could help your company save time and cash in the long run.

A tax filing error that is not made correctly could result in an IRS review, which can be quite a hassle for small-business owners. Along with the loss of time and effort, trying to satisfy the requirements of the IRS and other errors can impact your company’s bottom line.

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While these mistakes in tax filing may appear to be entirely out of character for your employees or you, The tax filing process becomes more complex as your company grows.

Many common errors companies make regarding their tax returns can be prevented if you and your employees are aware of the regulations and ensure that you’re up-to-date with any IRS adjustments.

These Are the Most Common Tax Filing Errors Made by small business owners (and the best way to avoid them)

1. Inaccurate reporting

No matter if your mistake in reporting is unintentional or deliberate, knowingly or not reporting your earnings in the eyes of the IRS (both personal and in the capacity of an owner of a business) will result in being scrutinized. Virtual currency should be reported, as must any income from investments and non-employee wages.

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The IRS utilizes its computer systems and forms 1099 to reconcile the information reported to them and the information provided to the business owner. Therefore it is crucial to take the correct information. It is possible to note income to you in information returns, like the 1099-MISC form indicating the compensation of employees if you’re an independent contractor or the 1099-K form showing credit card information and some other transaction, regardless of the company’s type if you’ve had several dealings.

Suppose the tax forms are incorrect, and you cannot get the sender to rectify the errors. In that case, you must report the wrong amount by making the appropriate adjustment and attach a reason to your tax return to ensure you’re only taxed for the proper amount.

2. Meal expense deductions

It’s nothing major, and claiming all meal expenses while working with clients can be an issue. Client entertainment allowances have been changed, and hiding this could result in IRS involvement. Only 50 per cent of the meals you eat for business can be deducted. While treating your client to dinner to impress them or to pay for meals yourself on the road for business is an acceptable business expense, you can only deduct half the payment.

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3. Procrastination with tax preparation

One method for tax planning to be more straightforward is to ensure your documents are properly maintained. Making sure you record deductions and expenses is a must. You need to keep your records in order. It is essential to be active! You should use a digital accounting program to assist you and your employees keep track. The software should be able to fill in expenses using uploaded photos and save information in the cloud can prove extremely useful.

If you have access to an accountant, You shouldn’t just wait until tax time to decide what you need to do with the filing process and keeping records. If you work on tax planning using expert guidance and ensuring that your documents are kept and paperwork completed throughout the year, you can prevent some minor mistakes that can result in an audit. This can help you avoid an unexpectedly high tax bill you’re unprepared for. If you fail to meet the deadline for filing tax returns, the business will be penalized by the IRS monthly penalty of 5%, which will continue to grow until the tax return is submitted.

4. Disregarding the mileage records

The tax law permits entrepreneurs who claim mileage they use personal vehicles to conduct business. But, the deduction must be substantiated by reliable documents.

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Keeping an electronic log of your mileage or keeping a notebook in your vehicle to note the date and the mileage can be a way to prove any mileage-related claims. Mileage deductions are a widespread subject of confusion. Be sure you know the mileage rate you are allowed to deduct and any other exemptions apply to this rate. Knowing the maximum permitted mileage deduction you can claim for all vehicles is essential, so you don’t overdo the amount. This number could vary from year to the following year.

5. Estimated tax rates for low-balling

Many business owners put off or fear the quarterly payment in large cheques to IRS. The extensive checks eat away at a company’s cash flow and cannot be scheduled at the beginning of making budgets. However, underestimating estimated taxes could cause penalties (20 percent) if your tax bill is lower than you owe or pay late. It is best to be able to assess your tax estimates for the entire year and pay each quarter in time.

All the taxes your business must pay, such as self-employment tax and Medicare tax, must be meticulously and precisely totalized. If there is a mistake and the IRS believes this is false and you are liable to be penalized for fraud or face tax fraud charges.

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6. Don’t use the wrong retirement plan

Small-scale business owners can benefit from the retirement plan’s contributions to cut down on tax obligations. But, selecting the wrong technique can restrict the deductions you can make or force you to pay for donations from employees your business can’t pay for.

Assistance from a professional with your small business’s development and tax preparation will assist you in avoiding some costly errors. It would be best if you talked to an accountant to learn more about the other tax issues that can be costly for your company.

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Dragonfly Hyperscooter Relaunches After Beating Business, Covid Obstacles

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Dragonfly Hyperscooter Relaunches After Beating Business, Covid Obstacles

The Dragonfly Hyperscooter might well have been named The Phoenix. The first time it was introduced in 2019 by the London-based D-Fly Group, a host of issues, most notably the Covid-19 pandemic, slowed the launch. Today, the four-wheeled electric personal mobility vehicle powered by batteries is back, albeit smaller and more affordable, yet capable of navigating more challenging terrain.

Dragonfly Hyperscooter Relaunches After Beating Business, Covid Obstacles

Jez Williman, founder and CEO of D-Fly Group.D-FLY GROUP

“One aspect of Covid that I was struck by was the extent to which people from lower income brackets became dependent on shared scooters, and as their popularity grew and the bike industry exploded,” D-Fly founder and CEO Jez Williman told Forbes.com. “We would like to create Dragonfly, the top mass-market product, but not only for those with large pockets. We want to make it accessible to everyone.”

What is it that makes the Dragonfly the definition of a “hyperscooter?” A key characteristic is a design based on Formula 1, dubbed “Full-Tilt Technology”, with the three-dimensional tilt and twist controls mounted on the central pillar that engages all four wheels simultaneously in sync with the movement of the user.

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It is equipped with what they claim to be the first dual wishbone suspension. It’s fully adjustable hydraulic dampened suspension with sprung across all 4 wheels. a flexible deck suspension, and complete axle articulation.

The Dragonfly’s four-wheel, comprehensive carbon fiber platform has been made to provide safety and stability.

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Two 500-watt motors power it. They provide approximately 37 miles of range based on the weight of the rider and wind conditions, with an average speed of 25 miles/hour. It even has a reverse gear, which is unusual for the scooter.

Dragonfly Hyperscooter Relaunches After Beating Business, Covid Obstacles

There are two models available: the DF for smooth and smooth streets and the DFX to go off-road or in other challenging conditions. It has wider fenders as well as hand guards.

Prices range from $1,850 to $2,200, depending upon the type of model.

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This is a significant discount from the price range of $4,999 to $6,999 for the first Dragonfly launched in the year.

The delay of three years and the resulting design and price reduction all happened as the Covid-19 pandemic swept the world, as per Williman, who was hospitalized for the disease.

“Everyone took a break and went home. We weren’t able to access our supplier base to any extent. It’s clear that the bicycle industry moved to Mars regarding needs and many vendors shut their doors to every opportunity that came along,” he explained.

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In addition, Williman said the multi-billion dollar company D-Fly was relying on to be its primary manufacturing partner when it suddenly pulled out of the deal.

“They had a conversation one day and said, hey, it’s going to stop doing mobility anymore. But thank you. I told them, “Are you guys? what’s the matter?” Williman recalled.

D-Fly eventually found a new manufacturer, set up a new design team in North America and developed a global team. However, the challenges of launching the Dragonfly were not over.

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The most important is the more expensive tools to construct the initial concept, which led the firm to “make certain design concessions to bring the cost of go-to-market and the cost to go to market lower,” said Williman.

As time passed, the company realized that the market for electric scooters was shifting, which led to an even more thorough re-thinking of the Dragonfly.

“We were looking for a compact and lightweight vehicle. Then we realized that one of the elements, or the main pillars we were looking to incorporate, was the ability to go on-road and off-road too and add a sporting element in the automobile,” Williman explained.

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The result was to change the wheel’s size to more enormous 10-inches than the original six inches to provide the Dragonfly off-road ability. Doing so, however, meant additional design changes.

“By expanding the wheel size, we needed to increase the wheel’s basic structure, and the drive train also had to expand in some way,” Williman explained.

Certain products, such as integrated screens and speakers, were reduced but not slashed in price. Williman refers to the five-inch screen, which he says is as powerful as the one you would see on an expensive Japanese motorbike.

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There are other options, including cameras on board for recording trips.

Orders for the new Dragonfly version are now available. Dragonflies can be placed through Indiegogo. Indiegogo platform.

People who made orders in the year 2019 were refunded in full, according to Williman. Any customer who asked for a refund received one; however, he said that most customers plan to buy the latest version. At some point, the elements part of Dragonfly will be made available as upgrades.

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The company plans to ramp into sales of 60,000 to 100,000 units in 3 years, Williman said.

It’s quite a comeback to D-Fly and its creator, having survived Covid and its aftermath.

Williman is thankful for the opportunity to bring Dragonfly up and running again, but this time with an affordable yet enjoyable, efficient, and environmentally friendly method for people to get around by declaring, “We’re always concerned about protecting the earth. We’re committed to reducing the use of fossil fuels. We’re working to do this with a sense of purpose.”

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