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GET A PIECE OF BIB TECHNOLOGIES

Mobilizing Businesses with Clean Energy

BIB Technologies develops refrigerated mobile storefronts using our smart shelf technology powered by its own clean energy source.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
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REASONS TO INVEST

TEAM

Nanavati Low

Nanavati Low • CEO and Co-Founder

Nanavati Low brings a powerhouse combo of Silicon Valley tech and engineering experience as BIB Technologies’ first female CEO. Her career includes stints at industry giants Red Bull, SpaceX, Fiat Chrysler, MUFG Union Bank, and venture-backed V7 Labs (formerly Aipoly). Nanavati led emerging technologies product and engineering at Red Bull Media House, grew mobile app innovation for Red Bull TV and Wings For Life Foundation, and launched the world's largest global running event with over 161,000 participants from 192 nations, raising €4.7M. Her proven track record of building successful partnerships includes Emmy-winning projects and “Best of Innovation” at CES. Nanavati's passion for product development began during her time at Fiat Chrysler and SpaceX where she developed manufacturing and digital automation tools for Jeep Cherokee production lines and the NASA Cargo Resupply CRS-7 mission. With her MS from USC and BS in Industrial Engineering Operations Research from UC Berkeley, Nanavati seeks to inspire the next generation of female leaders.

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Deloss Pickett

Deloss Pickett • President, Director & Founder

Deloss Pickett is a self-taught engineer with a passion for building cars since his teenage years. As a former Tesla Senior Energy Advisor at Tesla, he focused on Powerwall and charging infrastructure. In 2008, Deloss started Beverly Hills Exotic Motors where he sold luxury automotive brands and built custom vehicles for high-net-worth clients before selling his stake. Deloss also brought the luxury Mexican automotive brand, Mastretta to the US market and has been active in exotic car rallies - Targa Trophy, Gold Rush Rally, and The Italian Stampede. He brings over 20 years of relationships with private lending, leasing, and on-demand delivery mobile app development before founding BIB Technologies. Deloss has a passion for film, graduating from Clint Eastwood's CSU Monterey Bay Film and Documentary Production program and produced the critically acclaimed film "25 to Life" alongside rapper and actor, Ice T.

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Steve Factor

Steve Factor • Electrical & Systems Engineering

Steve Factor’s extensive expertise in lighting and electrical systems, energy management and solar power started long before joining BIB. In 2007, he joined the small group of PV pioneers that started SolarCity. Steve played key roles building residential PV crews and developing the commercial PV division as the company expanded. As a community activist, Steve promoted the new ELASC solar training program which grew to matriculate 250 students per month as preferred job candidates for renewable energy careers. In 2009, Steve helped create and grow SolarCity's home charger installation team, deploying thousands of chargers for the debut of Tesla's Model S. Before Tesla's acquisition of SolarCity in 2016, Steve joined the Safety and Training team prioritizing health, efficiency, and skill development for energy division members. In 2018, he was tasked with reducing Supercharger station installation costs using in-house electrical and project management teams. His methods and training resulted in significant cost reductions, more efficient installation, improved quality, and consistent station builds nationwide. At home, Steve continues to experiment. Currently, he’s upgrading his original 1999 Ford Ranger Electric to install a new BMS, lithium battery pack, and NACS charging system - leveraging his career path as an electrical contractor, lighting consultant, energy management consultant, solar PV designer/installer and electric vehicle charging system designer/installer.

Steve is currently part-time & contributes a weekly estimated average of 10-15 hours per week. Please note that weekly contributions may increase from time to time depending on workload and the company's operations.

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ABOUT

HEADQUARTERS
161 E Jefferson Blvd
Los Angeles, CA 90011
WEBSITE
View Site
BIB Technologies develops refrigerated mobile storefronts using our smart shelf technology powered by its own clean energy source.

TERMS

BIB Technologies
Overview
PRICE PER SHARE
$1.60
DEADLINE
Nov. 7, 2023 at 7:59 AM UTC
VALUATION
$18.07M
FUNDING GOAL
$15K - $1M
Breakdown
MIN INVESTMENT
$100.80
MAX INVESTMENT
$1,000,000
MIN NUMBER OF SHARES OFFERED
9,375
MAX NUMBER OF SHARES OFFERED
625,000
OFFERING TYPE
Equity
SHARES OFFERED
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.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives*

Time-Based Perks

Friends & Family

Invest $100 within the first 72 hours and receive 2% bonus shares.

Super Early Bird

Invest $500 within the first 7 days and receive 1% bonus shares.

Volume-Based Perks

$500+ | Perk 1

Invest $500+ and receive Limited Edition BIB Technologies Baseball Cap.

$1,000+ | Perk 2

Invest $1000+ and receive Limited Edition BIB Technologies Performance Shirt.

$2,500+ | Perk 3

Invest $2,500+ and receive Limited Edition BIB Technologies Performance Jacket

$5,000+ | Perk 4

Invest $5,000+ and receive concierge service and priority queue to purchase AUTOMATO or FRO mobile store. 

$20,000+ | Perk 5

Invest $20,000+ and receive Founders Dinner.

$50,000+ | Perk 6

Invest $50,000+ and receive Founders Dinner + 1 Night Hotel at the world-famous Beverly Hills Hotel and Dinner at the Polo Lounge with the Founders in Los Angeles, CA + 1% bonus shares.

*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.

The 10% StartEngine Owners' Bonus

BIB Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

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 Common Stock at $1.60 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $160. 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 investors 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 time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonuses.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

ALL UPDATES

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign reward.

10%

Stack Venture Club & Rewards!

Members get an extra 10% shares in addition to rewards below!

Venture Club

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).

JOIN THE DISCUSSION

0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

FAQ Timeline

WHY STARTENGINE?

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REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

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SECURE

Your info is your info. We take pride in keeping it that way!

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DIVERSE INVESTMENTS

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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.

MIN INVEST
$100.80
VALUATION
$18.07M

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary LLC (“SE Primary”), a broker-dealer registered with the SEC and FINRA / SIPC. You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system (ATS) regulated by the SEC and operated by SE Primary. SE Primary is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

StartEngine facilitates three types of primary offerings:

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StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

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