Daymak

Successfully Funded!

$207,801
raised of $150,000 139%
65
investors
2017/06/30
date closed
Overview

For over 15 years Daymak has been quickly rising to become the leader in development, design and innovative technologies in electric modes of transportation.

From an idea to a reality Aldo Baiocchi took what was once a small business from inside his garage and grew it to one of the leading electric vehicle companies in Canada. With a family first business approach, Daymak has quickly grown to have over 100 dealers in North America alone. With their unique solar powered products like the Beast and Boomerbeast, Daymak is popularizing environmentally friendly transport around the world. With an ultimate goal in reducing carbon footprint and a community driven strategy Daymak is working towards becoming the A to Z distribution channel of electric vehicles across the globe.




Product

Daymak has a product line of over 50 unique electric vehicles varying in price, style and performance to fit the needs of the end user. Daymak offers shipping across the globe and currently provides local sales and service in the GTA (Greater Toronto Area). All of Daymak’s products are powered electronically using no gas, making for a cleaner environment. The five main categories Daymak specializes in are, scooters, ebikes (pedelecs), mobility scooters, all-terrain vehicles (atvs) and e-toys.



Market



Daymak’s target market is directed at people looking for a cleaner and cost effective form of transportation for short commutes. The average cost to charge an electric vehicle in Ontario is estimated at 20 cents and provides a range of over 50 km. By giving consumers the option of a very accessible, economic solution to travel that is good for the environment, we believe we have a target market we’ve only begun to scratch.


Revenue Model

Daymak intends to become the A to Z distribution channel for ebikes. By becoming a one entity solution, and utilizing economies of scale, we will be able to reduce the cost to the end user, which will inevitably bolster sales and fuel the service required behind them. By opening brick and mortar locations across the globe, we will be able to offer more local presence giving consumers an opportunity to try before they buy.


Perks

  • Invest $500 you get a Custom Desktop Chopper (small model recycled Beast) + $50 Coupon towards any ebike
  • Invest $1000 you get a Custom Desktop Chopper  + $150 Coupon towards any ebike
  • Invest $2500 you get a Custom Desktop Chopper +  $500 coupon towards any bike
  • Invest $10,000 you get Custom Desktop Chopper + 1BEAST basic
  • Invest $20,000 you get Custom Desktop Chopper + 1 BEAST DELUXE OR EC1 PRO
  • Invest $50,000 you get Custom Desktop Chopper + EM1 LR


Use of proceeds

Description of intended use of available funds listed in order of priorityAssuming min. offeringAssuming max. offering
New Store openings$91,000$927,500
New product development$13,000$132,500
Marketing & Sales$13,000$132,500
General & Administrative$13,000$132,500
Less: Selling commissions and fees$9,000$90,000
Less: Estimated offering costs$11,000$85,000
Total
$150,000
$1,500,000



Exit Strategy

Daymak plans to grow dramatically and will be reinvesting its operating cash flow in to the continued growth of the company. Once operations have reached an optimal level, management will consider the best exit strategy for its shareholders. This may include a strategic merger or acquisition, or an initial public offering.



Investment Highlights

  • Capital raised in previous rounds: $2,014,944.00
  • Current Target raise: $150,000
  • Maximum current raise: $1,500,000
  • Minimum current raise: $150,000
  • Pre-money valuation: $16,656,731.25
  • Equity offered (target raise): 1%
  • Equity offered (maximum raise): 8%
  • Offering (unit) type: Common Shares with Voting Trust Agreement
  • Price per unit: $1.25


FAQs

When will I be able to trade my shares?

As a private company, there are no guarantees that the shares can be traded. If, however, Daymak becomes a reporting issuer (listed on a stock exchange for publicly traded companies), an investor could trade the securities after the date that is 4 months + 1 day after becoming a public company.

As a shareholder what am I entitled to?

As a shareholder you will receive annual statements, right to attend annual shareholder meeting and have your say. You will be a part owner. Voting rights are being transferred to a trustee for small investors.

Is the company trying to raise 150K or 1.5 million?

Daymak is trying to raise $1.5 million. The investment will close at 150k minimum. All funds will be returned if the minimum of $150k is not reached.

How long does it take to charge your products regularly / by solar power?

Depending on the unit that you have regular charging times can be anywhere from 3 – 8 hours. It is estimated based on a typical Canadian day that you receive one kilometer per hour of sunlight.

It seems that your products are limited in speed. Why is that? Can they go faster?

One of the perks of going with ebikes and electric scooters is that they are road legal without insurance licensing or registration. To be classified as a road worthy vehicle, the unit must travel under 32 km/h (20 mph). These bikes can be configured to go faster however additional licensing and registration would be required.

What is the estimated savings from switching from a car to an ebike?

For a person who is commuting approximately 5000 km a year, they are expected to spend $20.00 in electricity. The same distance done in a 2017 Honda Civic in the city is estimated at about $1200 in gas alone. With insurance and registration you stand to save upwards of $2000.00 a year.

Meet the Team
Aldo Baiocchi
CEO
Mike Chow
VP of R&D
Kurt Mak
Chief Financial Officer
Robert Tweedy
Advisor
Kin-Man Lee
Advisor
Anthony Pizarro
Advisor
Updates

Daymak

April 05, 2017

Daymak Inc. News releases

Daymak Launches a New Investment Campaign on FrontFundr for an Aggressive 2017 Canadian Expansion Goal


TORONTO, April 5, 2017 /PRNewswire/ – Daymak Inc. is launching a new campaign offering investors the opportunity to buy shares in Daymak as they look to expand coast to coast across Canada in 2017. The campaign, launching April 1st 2017 can be viewed from FrontFundr.com and offers the public the opportunity to purchase shares of Daymak starting at $1.25 per share with a minimum investment of $500. The campaign is looking to raise a minimum of $150,000 with a maximum total investment of 1.5 million dollars CAD.


Daymak is one of Canada’s leading producers in light electric vehicles, including e-bikes, scooters, atvs, toys and more. These vehicles produce 0 carbon emissions and can be charged using any household outlet and require no license or registration making them inexpensive, accessible and green.


President of Daymak, Aldo Baiocchi believes that this is the next big step in environmentally friendly transportation. “We need to have a physical presence throughout Canada! We’ve developed a profitable model that has proven success in reducing the number of gas vehicles on the road in the GTA. We’re now looking replicate that formula across the country. Our goal for 2017 is to open retail centers for light electric vehicles in all our provinces. A place where you can touch and try every product.”


Currently EbikeUniverse is a dealer exclusive program by Daymak that has two retail locations in Toronto, and has plans of immediate expansion in Vancouver, Calgary, Montreal and Quebec City by summer of 2017. Shortly followed by retail locations in Saskatoon, Winnipeg, Halifax, St. Johns (Newfoundland) and Saint Johns (New Brunswick). Mr. Baiocchi continued “Offering full service locations across Canada will give the riders the chance to experience the product in person and feel confident that service is available near them. We will offer mobile service within 300 km range of the stores.”


Proceeds raised by the FrontFundr campaign will go towards expediting this process bringing a designated ebike distribution center serving 95% of the Canada’s population (including surrounding areas).


“We’re excited to have Daymak on our platform, as it’s a socially-driven company for people and the environment, and that’s exactly what FrontFundr is about,” says Peter-Paul Van Hoeken, CEO of FrontFundr. “We give companies the opportunity to raise funds not just from seasoned investors, but from their customers and other stakeholders who can become genuine brand champions. For a customer-centric company like Daymak, engaging the broader investor community is the perfect model to gain the funds they need to continue their growth.”


FrontFundr is a fintech company that enables entrepreneurs to raise capital from all Canadians. Investing in private companies was previously limited to angel investors and venture capitalists, but after recent regulatory changes, private investing is now open to a wider spectrum of investors. Canadians can now invest online in companies that they believe in through the FrontFundr platform alongside seasoned investors, while directly contributing to innovation and sharing in the growth of companies they believe in. FrontFundr operates its online investment platform as a fully registered Exempt Market Dealer (EMD) in eight provinces in Canada.


The FrontFundr campaign closes on April 30th and can be accessed here with all financial information on Daymak Inc. You can learn more about the products and services Daymak offers here at www.daymak.com.


Media Contact:
Akili Sylvester
416-658-3993
153745@email4pr.com


To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/daymak-launches-a-new-investment-campaign-on-frontfundr-for-an-aggressive-2017-canadian-expansion-goal-300434859.html

Daymak

May 08, 2017

DAYMAK announces 2 Ebikeuniverse Retail Store openings

DAYMAK announces 2 Ebikeuniverse Retail Store openings in the province of Quebec starting with Montreal and then soon following Quebec City.


Toronto, Canada, May 09, 2017 – Daymak Inc. / PR-Newswire / -- Daymak is proud to announce the opening of its newest Ebikeuniverse retail store with 2848 square feet location in Montreal, with our soon to be announced Quebec City location by the end of May. Daymak’s current strategic plan for 2017 is to expand with 10 new retail store openings across Canada, all while building the most recognized brand for light electric vehicles for both retail and service from coast to coast. The Ebikeuniverse Montreal #003 store is located at 7563 Boulevard Newman, LaSalle, Qc. and the Quebec City #004 store will be located at 425 Ave. Soumande, Quebec City, QC.

The new Ebikeuniverse stores are designed to bring the Daymak product and brand experience, along with the ability to give excellent service & maintenance across a 300km radius in any Greater Metropolitan City. “We are so thrilled to be opening our 3rd Ebikeuniverse retail store located in Montreal, which will allow us to better engagement and service our existing clients and potential new customer. Moving forward each new Ebikeuniverse store opening will help reach our strategic goal to make Daymak the most reputable and recognized brand name in Canada for LEV’s, all while staying focused on the larger vision of opening 1000 stores globally. The Ebikeuniverse store concept can work anywhere on the globe" says Mr. Aldo Baiocchi, President of Daymak.

As announced in our last press release dated on April 5th, Daymak launched a new crowd funding campaign to offer investors the unique opportunity to buy shares in Daymak as a private company. The campaign that was launched on April 1st 2017 can be viewed on www.frontfundr.com. For more detailed documentation (i.e.) Offering of Memorandum, corporate slide deck and Audited Financial Statements please visit either Daymak or Frontfundr:
http://www.daymak.com/pages/frontfundr.php or
https://www.frontfundr.com/Entrepreneur/Company/1624

About Daymak Inc.

Daymak is a Toronto-based company incorporated in 2002 that designs, develops and distributes light electric vehicles (LEV’s) with over 150 dealers. Our Mission is to become the leader of Light Electric Vehicles (LEV’s) and to reduce the CO2 emissions one electric vehicle at a time by vertical integration from design to development to retail distribution worldwide through our Ebikeuniverse exclusive dealer program as well as offering the best customer experience possible. Daymak's accolades to date include the Clean Tech North American Award, Profit Magazine's Top 100, 200 fastest growing Canadian companies, and being named one of Ontario’s greenest companies.

Please contact

Jason Roy
Vice President
Daymak – 416-658-3993 ex: 1103 / 1-800-649-9320.
jason.roy@daymak.com

For more information about Daymak please visit our Company's website at www.daymak.com

Daymak Inc.

May 11, 2017

DAYMAK – Launches the Daymak-C5-Blast Go Kart, the fastest Go Kart in the world!!!

Toronto, Canada, May 11, 2017 –Daymak Inc. -  /PRNewswire/ -- Daymak is proud announce that its new product called Daymak-C5-Blast Go Kart, what we believe will be the fastest electric go kart in the world.  Aldo Baiocchi, President of Daymak, states “We have developed the fastest 100% clean energy go kart in the world by far. We plan to achieve 0 to 60 in less than 1.5 seconds!!! It will be a little faster than the Tesla P100D. According to the Guiness Book of World Records the current record is being held by Hochschule Osnabrück Institut MuT, which was clocked at 0 to 60 in 2.635 seconds. 


The C5 Blast Go kart features a liquid cool 10000w (watt) motor, Daymak Drive controller, 8 EDF motors for combined output of 96 kg of upwards thrust and 4 rear EDF motors for 60kg of forward thrust. The Go kart weighs approximately 200kg but after turning it on using the EDF motors and our technology to balance the weight goes down to approximately 100kg, making it extremely light and fast. The Daymak-C5-Blast Go kart will be built in our new manufacturing facility located in Toronto, Canada. There will be two versions offered: 1.) Daymak C5 Blast regular with only 1 motor retailing for $9999 USD and 2.) Daymak C5 Blast EDF model for $59,995USD.

Preliminary testing has the unit hovering around the record already and only in its alpha stage! “We have a working prototype and we are currently looking to apply this technology to a variety of projects and are actively seeking strategic partners and investors to bring it to the next level. The potential is limitless" states Jason Roy Vice President. “We went through all this effort to break the record so we figured ‘Hey might as well smash it!’ And to have a Canadian company hold the record in engineering is pretty awesome! We just have to find someone fearless enough to drive it!” finishes Akili Sylvester, Lead Project Manager on the Daymak C5 blast go kart.

Baiocchi continued, “We could actually make it lighter and faster and at some point the Go kart would start floating like the Star Wars land speeder or we could add wings and it would fly. Speed will not be an issue and we think we can even go eventually under 1 second 0 to 60 making it faster then any vehicle in existence."

“This technology could be applied to any vehicle and give boosting power unheard of before. If you want to go faster call us!  We will make your car fly!" States Aldo Baiocchi. Our plan is to have Guinness Book of World records to officially validate our current statement ASAP!

About Daymak Inc.

Daymak is a Toronto-based company incorporated in 2002 that designs, develops and distributes light electric vehicles (LEV’s) with over 150 dealers. Our Mission is to become the leader of Light Electric Vehicles (LEV’s) and to reduce the CO2 emissions one electric vehicle at a time by vertical integration from design to development to retail distribution worldwide through our Ebikeuniverse exclusive dealer program as well as offering the best customer experience possible. Daymak's accolades to date include: The Clean Tech North American Award and Profit Magazine's Top 100, 200 fastest growing Canadian companies, and being named one of Ontario’s greenest companies.

Please contact

Jason Roy, Vice President, Daymak - 416-658-3993 Ex: 1103 / 1-800-649-9320 jason.roy@daymak.com

For more information about Daymak please visit our Company's website at: www.daymakc5.com and www.daymak.com http://www.daymak.com/pages/frontfundr.php

Daymak

May 30, 2017

Daymak Launches New Special Edition EC1 Featuring Built in Wireless Charging Technology; Plans to Roll Out This Technology on Certain E-Bike Models

TORONTO, May 30, 2017 /PRNewswire/ -- Daymak Inc. is pleased to announce that it has successfully installed a unique and first-of-its-kind wireless charging technology on the EC1 Special Edition. The new EC1 SE will feature built in wireless charging technology and a new fully integrated display. With its inauguration, Daymak will install its first wireless station at its head office located 15 Curity Ave., Toronto.

The EC1 made a name for itself as one of the most affordable carbon fiber ebikes on the market to date. The EC1 SE will uphold that vision while improving on its usability and sleek and modern design.


The new EC1 SE will feature Built In Wireless Charging Technology

The EC1 will have a built in LED display directly to the handlebars!
The EC1 will have a built in LED display directly to the handlebars!


"A huge step up from the original, we wanted the EC1 SE to cater to a level of quality and performance that cyclists both young and old can appreciate. By switching to a built in LED display, we removed a lot of the clutter as well as additional wires that draw away from its otherwise elegant look. We also upgraded the groupset of the EC1 SE to all high quality Shimano parts as we wanted the avid cyclist to experience an almost seamless transition from bicycle to ebike." - Akili Sylvester, Lead Project Manager of Daymak.

To top it all off, the EC1 SE will now have wireless charging capabilities using Daymak's new inductive solar panel charging station. Now when the EC1 SE is placed into one of our new charging stations, simply lock the bike in its holster and it will automatically charge the bike. The charging station will feature wireless capabilities that will safely lock bikes in place via app or key card.

"Our goal is to test the technology on this EC1 SE and implement free wireless charging stations across all our dealers and stores upon finalizing the system. It can also be used for rental fleets, tour operators and vacation properties. It only takes a few hours to charge and there is no need to bring a charger." - Aldo Baiocchi, President of Daymak.

The Daymak EC1 SE will be available for $2999.00, or $2899.00 without wireless charging capabilities. These will be custom ordered and will be launching July 2017.

As previously indicated in our press release dated on April 5th, Daymak launched a crowd funding campaign to offer investors the unique opportunity to buy shares in Daymak as a private company. The Frontfundr campaign was launched on April 1st and ends June 30th, 2017. For more details, documentation (i.e. Offering of Memorandum, Corporate slide deck and Audited Financial Statements), please visit either Daymak or Frontfundr: http://www.daymak.com/pages/frontfundr.php or https://www.frontfundr.com/Entrepreneur/Company/1624.

About Daymak Inc.
Daymak is a Toronto-based company incorporated in 2002 that designs, develops and distributes light electric vehicles (LEVs) with over 150 dealers. Our Mission is to become the leader of LEVs and to reduce CO2 emissions one electric vehicle at a time by vertical integration from design to development to retail distribution worldwide through our Ebikeuniverse exclusive dealer program, as well as offering the best customer experience possible. Daymak's accolades to date include: The Clean Tech North American Award and Profit Magazine's Top 100, 200 fastest growing Canadian companies, and being named one of Ontario's greenest companies.


Please contact:
Jason Roy, Vice President, Daymak - 416-658-3993 Ex: 1103 / 1-800-649-9320 Ex: 1103.161902@email4pr.com 
For more information about Daymak, please visit the Company's website at www.daymak.com

SOURCE Daymak Inc.

Related Links

http://www.daymak.com

View original article here.

Investors
65 total, 7 anonymous
Peggy L Preston
Remo Stoll
Linda Dionne
Sovatvirak Mao
Henry Svec
Ulrich McKenzie
Konstantinos Alexopoulos
Terru Ahmad
Adrian Boangiu
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