Dear Investors,
After thoughtful consideration, we have made the difficult decision to close Bobacino. While our team made meaningful progress toward bringing Bobacino to market, the broader economic climate and current fundraising environment have made it increasingly difficult to secure the resources required to continue development and achieve full regulatory compliance.
As shared in our last update, both our CEO and Strategic Advisor departed the company, and we began a search for new leadership to continue moving Bobacino forward. However, given the financial and operational demands of the next phase, it ultimately became clear that winding down operations was the most responsible path forward.
As a result of the company’s closure, invested capital has been fully lost. Attached is documentation that investors may use for tax reporting purposes. Please consult your tax advisor regarding how this loss may apply to your individual situation.
We have also included FAQs below to help answer common questions regarding the wind-down process and tax reporting.
We are deeply grateful for your support and trust in Bobacino, and we sincerely regret that the company was unable to achieve the outcome we all worked toward.
Sincerely,
Bobacino Investor Relations
FEATURED at Liveworx 2023
Serving the future of boba; serving the best bubble tea around in about 2 minutes
Bobacino was built by Vebu, a corporate innovation studio in Los Angeles, CA. Vebu innovates with industry-leading corporate partners to transform the future of food
Our robotic bobaristas serve up customizable bubble tea just about anywhere
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From custom order to drink in hand in under two minutes
Holds enough boba ingredients for up to 200 drinks
Can handle multiple types of SKUs
Fully safety compliant; order and sip in NSF-compliant bliss
Daily maintenance in less than half an hour
Traditional boba shops can potentially increase profits up to 48%.
6-axis robotic arm
Your personal, robotic bobarista.
Cup Sealer
Safely seals your drink.
Pick-up locker
Grab your drink and enjoy.
QR to Order
Select a drink and customize it to make it yours.
Boba Dispenser
Delivers fresh boba pearls.
Dispensers
Serves brewed teas,
chilled milk and sweeteners.
1.64 W x 1.30 D x 1.96 H meters
¼” water line and floor drain
220V/30A
NSF Compliant
Wifi and/or cellular Data
Credit card, Apple pay and Google pay
Deployed in a couple days
$50k/unit, $500/month
ROI to the operator in 5 months
Can be supported by existing shop as commissary
200 drink capacity
30 minute daily servicing
Deployed in a couple days
ROI to the operator in 5 months
Can be supported by existing shop as commissary
200 drink capacity
30 minute daily servicing
$50k/unit, $500/month
Our vision is to create the boba shop of the future. Through scaling business model and diversified revenue streams, Bobacino is on track to take on the market.
With startup costs of $200K+, shop owners have made it very clear that automation can alleviate problems leaving shops to focus on community, experience, and creating delicious boba!
Submit your email and we’ll keep you updated about any future fundraising opportunities.
