Packard, which offers a portable electric air conditioner and refrigerator system to the increasing number of caravans, marine vehicles and campers in our country and around the world, started a share-based crowdfunding campaign with the aim of raising a fund of 1.8 million TL. The venture company aims for a production capacity of 240 units within 1 year by going into mass production in the short term with the first investment it will receive at the end of the crowdfunding that will continue until February 21st in fundbulucu. Packard, which plans to be ready for the European and American markets, primarily the Middle East, in August 2023, will export at least 10% of its products by the end of 2023. Packard initiative will give an additional 20% share to investors for investments made via EFT or credit card within 21 working days as of 10:00 am on Friday, December 23, the start date of the investment round, in which 12% of the company shares are offered to investors. Additional shares will be transferred to the investors’ accounts during the distribution of shares at the Central Registry Agency (MKK). In addition, the 259 thousand 918 TL funds Packard received from KOSGEB and TUBITAK will be added to the company’s capital together with the fund collected at the end of the investment round. Within the scope of the cooperation, Bahçeşehir University BAU HUB and IBE Business Institute will support the initiative during and after the investment tour campaign. Received mentorship from prestigious companies Focusing on sustainability, carbon footprint and mobility, Packard develops air conditioning and refrigerator systems that users can carry like suitcases and use wherever they want, and allows pre-climatization of the environment where the product is located, controlled by mobile application and artificial intelligence. The preliminary prototype of the system, which works with the energy it receives from the solar panel, batteries and vehicle electrical components, was developed in 2020 with the support of TÜBİTAK. Project; After the analysis of the problems experienced in the test and trial stages and the necessary improvements, it was also entitled to TÜBİTAK 1512 support for the prototype production at the THS-8 stage. Packard, who started working at the THS-8 level after the company establishment in ITU Seed in 2021; he also received mentorship from prestigious companies such as Garage Innovation Hub, Hidrokon, Arçelik, YEDAŞ and Seiso. “We aim to advance our operations abroad with new investment tours” Packard Chairman of the Board Mehmet Acar said that they aim to expand their operations rapidly by accessing the financing they target with crowdfunding, with the power of investors, and said, “Crowdfunding, which we think is the most appropriate financial tool for us to invest, will provide us with fast financing and will help us catch up with the technological trends in the sector on time and produce more products. We aim to advance our operations abroad with the new investment tours we will organize in the future.” “We aim to increase our market volume to 10% in June 2024” Packard Deputy Chairman of the Board of Directors Bahadır Acar, on the other hand, said that the product we developed includes portability, air conditioning and refrigerator system together, efficient energy consumption with artificial intelligence, control via mobile application and protection against sudden energy loads put us ahead of our competitors. In the medium term, we will increase the number of branches to expand our product’s market volume abroad. We want to open representative offices in Dubai, England and Germany in March 2024. We will increase our volume in the European market, especially in the Middle East, in England and Germany. We aim to export 30% of the products we produce until December 2024. With the new investment tour we will hold in December 2024, we will launch our new product to increase efficiency and effectiveness in air conditioning systems of electric vehicles. We aim to increase our market volume in Turkey to 10% in June 2024, and to export at least 50% of the products we will produce in the 2025-2026 season.” Packard; In the long term, it will realize Series A and Series B investment tours with its products under the main headings of Portable Electric Air Conditioner and Refrigerator, Electric Car Parking Air Conditioner and Electric Vehicle Air Conditioning Solution. The venture company predicts that it can increase its total production volume to 35% in Turkey and 12.2% abroad in September 2028.
A professional writer by day, a tech-nerd by night, with a love for all things money.