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The Auto Concierge
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REASONS TO INVEST
With revenues increasing from $5.9M in 2020 to $12.7M in 2022 with a growing sales team, CarBlip is successfully removing the pain points across the trillion-dollar automotive market .*
TEAM
Brian Johnson • Co-Founder, CEO, President, and Director
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Chang Lee • Co-Founder & Head of Product
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Mike Jones • Director
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the pitch
CarBlip: Your Personal Car Concierge
Through our concierge service, which provides a seamless, personalized experience, CarBlip is changing how consumers buy or lease a new car, eliminating the challenges of working with a dealership.
Here are some of our happy customers!
THE opportunity & our business model
Say Goodbye to the Traditional Dealership Experience
Navigating today’s complicated path of traditional car buying is a challenge, both in the time required and the associated stress. CarBlip has identified those challenges and emerged with a mission to simplify the process. Working with new car-franchised dealerships, CarBlip seamlessly sources cars for customers, receiving a broker fee from the franchised dealer.
*Source | Source | Source | Source
CarBlip has undergone a massive transformation, expanding from fewer than fifteen employees in Q4 2021 to a team of more than 300, with a bold vision to grow to 1,000 concierges over the next few years. No longer do customers need to navigate multiple dealerships or endure a barrage of texts and calls. Our dedicated concierges prioritize customers’ best interests, fostering trust through personalized options and recommendations. CarBlip's technology strives to make the process of purchasing a vehicle the most transparent and convenient possible. We make it easy for customers to select the exact specs of the vehicle that they're interested in with our app, which seamlessly integrates with our back-end systems enabling our concierges to find their customers' perfect vehicles.
Our proprietary technology and IP allows us to onboard and support our concierges at a 95% lower cost, which provides the foundation for our ability to scale quickly and efficiently. Our software allows our concierges to communicate (email, text, and voice) with our customers. It also allows us to centralize documents, such as driver's licenses, proof of insurance, and credit applications. Further investment into our software will continue streamlining and optimizing this process to make it easier for both our customers and concierges. We rely on our own technology and unique processes to pass the savings on to our customers while increasing our profit margins.
With our groundbreaking platform launch our strategic evolution aligns with our goals of increasing our concierge team and improving internal platforms to better serve and empower a growing customer base.
*The above is a rendering of our platform. Our platform is available for use in the U.S. market.
THE market & our traction
Disrupting Automotive Industry Norms
CarBlip offers investors an opportunity to join the journey from early growth to proven product/market fit. Backed by Science, Inc., known for successful companies such as Dollar Shave Club and Liquid Death, CarBlip is reducing industry pain points. With revenues increasing from $5.9M in 2020 to $12.7M in 2022, more than 90,000 contacts, and a growing sales team, CarBlip is taking off.
The company is led by repeat entrepreneur Brian Johnson, CarBlip’s chief executive officer. He has previously worked with brands including INDYCAR, NASCAR, Toyota, Robb Report, Warner Brothers, and major media corporations. The experienced executive team hails from backgrounds including Mercedes Benz, Robb Report, Sony, Neiman Marcus, Time Warner, and more.
CarBlip's primary focus on the U.S. new vehicle market aligns with an industry that sold 15 million new vehicles in 2023 (Source). With more than $5 million in equity, CarBlip has attracted diverse investors, including industry leaders, an executive vice president of a large bank with an $18 billion market cap, and the CEO of a billion-dollar public company. With these milestones achieved, we feel CarBlip's trajectory may redefine automotive retail as we know it.
why invest
A Vision for Seamless, Trustworthy Car Buying
Investing in CarBlip means joining a revolution in automotive retail. We believe that our future is one where CarBlip's concierge team leads the industry in the customer-centric car buying experience. Our plans to integrate cutting-edge AI and continuously enhance our platform are also on the horizon, making this a chance to shape the future of car buying.
*These testimonials may not be representative of the experience of other customers and are not a guarantee of future performance or success.
Our commitment to trust, transparency, and simplicity combined with our culture of ensuring top-notch service makes us what we believe to be an excellent opportunity for investors. Invest in CarBlip now and help us become a key player in reshaping the future of auto retail.
ABOUT
HEADQUARTERS
31293 Via Colinas
Westlake Village, CA 91362
WEBSITE
View Site
TERMS
CarBlip
Overview
PRICE PER SHARE
$1.25
DEADLINE
Jul. 2, 2024 at 6:59 AM UTC
VALUATION
$25M
FUNDING GOAL
$15K - $1.24M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
12,000
MAX NUMBER OF SHARES OFFERED
988,000
OFFERING TYPE
Equity
SHARES OFFERED
Non-Voting Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Perks*
Reservation Bonus | 5% Bonus Shares
Reservation Holders in the Testing the Waters Page will receive 5% bonus shares.
Loyalty Bonus | 5% Bonus Shares
As you are a previous investor or customer and part of our journey in CarBlip, you are eligible for additional bonus shares.
Combo/Avid Investor Perk
Early Sports Car
Invest $1,000+ within the first two weeks and receive 7% bonus shares.
Early NASCAR
Invest $5,000+ within the first two weeks and receive 10% bonus shares.
Early INDYCAR
Invest $10,000+ within the first two weeks and receive 14% bonus shares.
Early Formula 1
Invest $20,000+ within the first two weeks and receive 18% bonus shares.
Volume-Based Perks**
Tier 1
Invest $1,000+ and receive +5% bonus shares and a CarBlip tumbler.
Tier 2
Invest $5,000+ and receive +7% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, and a CarBlip hat.
Tier 3
Invest $10,000+ and receive +10% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, a CarBlip hat, and the Taycan 4s Porsche Experience.
Tier 4
Invest $20,000+ and receive +15% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, a CarBlip hat, the Taycan 4s Porsche Experience, and your choice of 1-day Driving Experience at Speed Vegas.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
** Any additional costs, including but not limited to shipping, travel, and lodging, are not covered.
The 10% StartEngine Venture Club Bonus
CarBlip will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Non-Voting Common Stock at $1.25 / share, you will receive 110 shares of Non-Voting Common Stock, meaning you'll own 110 shares for $125. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Venture Club bonus, the Reservation Bonus, and the Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
ALL UPDATES
06.30.24
Time to hit the nitro and finish the race!
The finish line is in sight and it's time to hit the nitro! Our raise ends today so don't miss your last chance to join the CarBlip team and revolutionize car-buying!
06.28.24
Last Chance! Get invested with CarBlip
Last week our raise was featured on the StartEngine platform for “Top Momentum”. With only three days left, we are on the final lap of our RegCF raise. Every investment will go toward strengthening CarBlip and providing services to more people. Don’t miss the final chance to join the car-buying revolution. Invest Now
06.24.24
One Week Left
Last week we hit two milestones and were featured at the top of the most momentum. We now have one week left on our raise and want to bring last week's energy to this final lap! Don't miss your final chances to join CarBlip and revolutionize the car-buying world.
06.21.24
Let's Go!
This week we have passed both the $50k mark and now $80k. Thank you to our investors for joining us to revolutionize car buying! We are so excited to close this raise out strong. If you haven't yet joined us, make sure to check out the perks, and let's keep this momentum going! Invest Today
06.12.24
Meet our Team - with Chang
Meet Chang, a Co-Founder and our Head of Product
05.10.24
Meet Our Team - Front Desk Edition
Meet our very best front desk team, who always provide service with a smile
05.02.24
Meet our Team - with Adrian
Meet Adrian, our Logistics and Delivery Manager:
04.29.24
Acura Grand Prix Long Beach
Our presence at the Acura Grand Prix in Long Beach, which took place last weekend, is a company tradition. Our past booths have focused on customer awareness and concierge expansion. Since our current focus is StartEngine and investor development we chose not to have a booth presence this year. Instead, our team enjoyed meeting up with all the attendees, visiting the pits and crews, chatting with this year's vendors, and watching the amazing races. We were able to deepen our relationships, as well as schedule meetings with exciting potential partnerships (which we will share more about as soon as we can)! In the meantime, enjoy the video of some of the past highlights from our booths.
04.26.24
Meet our Team - with Arianna and Nugget
Meet Nugget, our Office Mascot (and hear about Arianna, our Accounts Manager)
04.25.24
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the CarBlip offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date to July 1st, 2024 and updating their financial statements per the most recent fiscal year.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$1,000
Tier 1
Invest $1,000+ and receive +5% bonus shares and a CarBlip tumbler.
$5,000
Tier 2
Invest $5,000+ and receive +7% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, and a CarBlip hat.
$10,000
Tier 3
Invest $10,000+ and receive +10% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, a CarBlip hat, and the Taycan 4s Porsche Experience.
$20,000
Tier 4
Invest $20,000+ and receive +15% bonus shares, a CarBlip tumbler, 1 year Hagerty Drivers Club membership, a CarBlip hat, the Taycan 4s Porsche Experience, and your choice of 1-day Driving Experience at Speed Vegas.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Dillon Maughan
9 months ago
Good evening. After watching your video, I am still confused on what makes you different from other online car purchasing options. Could you please educate my ignorance?
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