Photo - WYREX
39673

WYREX

Compact stylish pad which allows you to charge 4 devices

Ukraine, Kyiv city
Market: Electronics, Gadgets
Stage of the project: Operating business

Date of last change: 04.07.2019
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Idea

Every year the number of gadget which we are using is growing and these gadgets we have to charge with many cords. We offer wireless charger for multiple devices - comfortable to use and take minimum of your place.

Current Status

Collected $104 000 on kickstarter and indiegogo.
Started shipping to backers.
Commercial batch under production.
Launch sales on September.

Market

Fast growing global market of $25 billions.
We are focusing on marketplace channel + distributors in 8 countries

Problem or Opportunity

Number of quantity devices needed to be charged.
Nobody likes maintaining battery life - we made it easy

Solution (product or service)

Physical product can be used for charging devices in comfy way.

Competitors

Apple airpower - did not released
belkin
Zens

Advantages or differentiators

Design/User experience
Quality
Durability

Finance

MSPR of product is $119
Margin impact on sales after commisions of marketplaces and ligistic - 43%

Business model

Selling product using e-commerce:
- marketplaces
- web-site
- wholesale
- platforms
- affiliate progamms
- CPA networks
Searching new partners (distributors) participating in international exhibitions.

Money will be spent on

Expanding markets
Increasing production
Launching new products
Participation in international exhibitions

Offer for investor

To be discussed

Risks

Chinese sellers can drop down prices on such devices and make us with low margin.

Incubation/Acceleration programs accomplishment

Never participated in any acceleration or incubation programs.

Won the competition and other awards

Nope.

Invention/Patent

TM Registered in the US
Paten for design
Patent for invention

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video