Greg Davis
San Jose, CA (USA)
Role(s):
Founder/Owner/Principal
Vectus Sport
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Startup
Location:
San Jose
Industry:
Sports/Recreation
Year Founded:
2015
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"S" Corporation
Description:
Vectus Sport has developed a new set of products that uniquely address the needs of the cycling and fitness industries. The company’s flagship product is our internationally patented True Release™ Technology. The technology is the first ever solution that allows any user to have their feet firmly secured to a desired piece of equipment, in any shoe and without the need for adjustment or straps. More importantly, True Release™ Technology makes it possible for this user to instantly and safely remove their foot from the piece of equipment the moment they go to step off.
This technology introduces a monumental leap forward in safety, comfort and convenience for users as well as offering an alternative to antiquated foot security equipment that has not been updated for over 30 years.
The application for this technology is incredibly broad, however our market entry point will be to focus on stationary bicycles for the home and commercial gym with our VFS-10 fitness pedal system and rowing machines with our VPS-10 rowing platform. In addition to True Release Technology™, Vectus will gain market share in the cycling industry through our Levitate Hitch Bike Rack, which is the lightest 2 bike hitch mount system in the world.
Our business plan was compiled to outline the viability and profitability of our product solutions as well as map out the companies go to market strategy. In order to demonstrate the soundness of our strategy, that document will cover current market conditions, market size, competitive landscape, our forecasted penetration of that market, Vectus Sport’s growth strategy, marketing strategy, key sales channels and finally our forecasted return to early stage investors.