Full information about startup Genesis Marine on Unicorns Club

19 h

51 m

40 s

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19 h

51 m

40 s

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Please wait, the image is uploading...

The uploaded image must not exceed 20 MB. Acceptable formats: .jpg, .jpeg, .png, .webp

Genesis Marine

Genesis Marine is a Wakesurf Boat Manufacturer for Consumers, helping them increase fuel effeciency in recreational boating through AI based obstacle avoidance cameras

Spotlight

Genesis Marine is a founder-backed startup, currently raising $350K

The startup is in the validation stage and has onboarded early users

The company is focused on North America and expanding into Europe: West, Europe: East & SE

Current funding roundRound is open

Stage

Seed

Round size

$350K

Pre-money valuation

Limited Access

Investor equity

Limited Access

Revenue in the last 12 months

Limited Access

Valuation in 4 years

Limited Access

Instrument type

Convertible NoteDebt FinancingEquitySAFE

Target date

Nov 2024

Growth Forecast

Limited access

This data is under wraps

Funding readiness level

5/9

Investor-ready presentation and materials, larger funding acquired.

- There is an investor presentation (pitch deck) that has been tested and is being fine-tuned.
- Supporting material e.g. financial projections and budgets etc. are being developed
- Applications for other types of funding e.g. grants or loans are prepared and filed.
- Larger soft funding (e.g. 0.5-1 MSEK is achieved)
- Insight into the basics of equity financing and willingness to consider it, i.e. no major fear of losing control/ownership.

team Readiness Level

9/9

High-performing, structured team and organization.

- The team is high performing and well-functioning (cooperation, social environment etc).
- The team is motivated, coached and rewarded to reach goals. Team-building is active.
- Strong culture, a clear and functional structure (organization, roles etc) exists with processes etc.
- The team is maintained and developed and performs over time
- Personnel is developed and trained professionally according to a more long term strategic plan

Team Background

Background:

Not applicable

Meet the Team

Co-Founder

Tahmeed Ahmad

CEO (Chief Executive Officer)

Co-Founder

Tahmeed Ahmad

CEO (Chief Executive Officer)

Key metrics & Growth Rate

Revenue

Paid users

All users

CMGR
CMGR (Compounding Monthly Growth Rate) is the average month-over-month growth over 3–12 months, accounting for compounding. Unlike simple MoM averages, it smooths short-term fluctuations.
Learn more

+73.21%

Limited access

This data is under wraps

ABOUT

Demo

30 Oct 2024

Genesis Marine is a Wakesurf Boat Manufacturer for Consumers, helping them increase fuel effeciency in recreational boating through AI based obstacle avoidance cameras

We have developed the world's first gasoline hybrid marine powertrain delvering 530Hp, We have developed an ultra effecient hull, validated by Siemens. Our system promises an increase of 30% better fuel economy for recreational boating, particularly in wakesurf boats. We also have begun development on an AI based camera system for obstacle avoidance.

Details

Industries

Hard TechArtificial IntelligenceClimateEnergy / SustainabilityTransportation / Logistics

Start date

1 Jun 2023

Name of legal entity

Genesis Marine Technologies LLC.

Incorporation date

1 Jun 2023

Company location

United States

Country where most of the founders are currently located

United States

Website

genesismarinetechnologies.com

STARTUP READINESS LEVEL

5/9

Building and Validating Lo-fi MVP

We've created a low-fidelity MVP to test with early adopters, seeking feedback to refine our solution and validate its effectiveness.

business Readiness Level

6/9

Customer-verified full business model with test sales.

- A complete business model incl. the pricing is tested vs. customers by test sales or similar.
- The revenue model incl. pricing is updated and refined based on customer feedback.
- First more complete projections on revenue/costs (profit and loss projections or similar) with more details and well-grounded assumptions/data (e.g. 1-3 years horizon)

Marketing

Marketing strategy

Limited Access

Channels

Limited Access

IP Protection Readiness Level

5/9

Drafted IPR strategy, initial patent applications filed.

- Draft IPR strategy- first analysis (preferably by professional) on how different IPR can be used to protect and be of value for the business.
- Patent strategy- professional analysis on what/how to patent and how to improve/build value of patent application (e.g. supporting data, new/additional details to be filed etc.)
- Basic agreements in place to ascertain control of IPR (e.g. assignments, ownership copyright)
- First complete patent application (or other IPR registration) filed in cooperation with professional

customer Readiness Level

5/9

Secured product interest and customer relationships.

- General interest from customers/users for the product where the possible product/solution (core features) is confirmed to solve customers' problems (i.e. initial problem-solution fit)
- Existing contacts strengthened and/or more contacts established with additional customers. Deeper understanding of the market is achieved. Target customers are identified
- Established relationships with potential target customers, users or partners e.g. providing input on requirements and initial prototypes (e.g. resulting in updated product hypothesis).
- Defined who the target customers/segments are to be focused on as entry/first customers.

Customers geography

followed by:

bages:

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10 key updates

Last updated: 13 March

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Genesis Marine

Spotlight

Genesis Marine is a founder-backed startup, currently raising $350K

The startup is in the validation stage and has onboarded early users

The company is focused on North America and expanding into Europe: West, Europe: East & SE

Current funding roundRound is open

Stage

Round size

Pre-money valuation

Investor equity

Revenue in the last 12 months

Valuation in 4 years

Instrument type

Target date

Growth Forecast

Funding readiness level

5/9

Investor-ready presentation and materials, larger funding acquired.

team Readiness Level

9/9

High-performing, structured team and organization.

Team Background

Background:

Meet the Team

Tahmeed Ahmad

Tahmeed Ahmad

Key metrics & Growth Rate

Revenue

Paid users

All users

CMGR CMGR (Compounding Monthly Growth Rate) is the average month-over-month growth over 3–12 months, accounting for compounding. Unlike simple MoM averages, it smooths short-term fluctuations.Learn more

ABOUT

Details

Industries

Start date

Name of legal entity

Incorporation date

Company location

Country where most of the founders are currently located

Website

STARTUP READINESS LEVEL

5/9

Building and Validating Lo-fi MVP

business Readiness Level

6/9

Customer-verified full business model with test sales.

Marketing

Marketing strategy

Channels

IP Protection Readiness Level

5/9

Drafted IPR strategy, initial patent applications filed.

customer Readiness Level

5/9

Secured product interest and customer relationships.

Customers geography

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

CMGR
CMGR (Compounding Monthly Growth Rate) is the average month-over-month growth over 3–12 months, accounting for compounding. Unlike simple MoM averages, it smooths short-term fluctuations.
Learn more