PIKE Kayak Builds Folding Kayaks for Recreation and Fishing, That Can Be Stored in Closet and Carried As a Backpack to Reach Every Body of Water
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PIKE kayak builds folding kayaks for recreation and fishing, that can be stored in closet and carried as a backpack to reach every body of water. Problem: Urban dwellers, who love to paddle and Solution: The most compact kayak, that lives in a fish, have limited opportunities to do it. Available backpack. From backpack to kayak in 5 minutes, it is fishing watercrafts aren`t compact to be stored in light and easy to carry, it`s painless to care after. small apartments. Urban dwellers live in small Store it easy in apartment under a bed or in a closet. apartments with no additional storage space. It is super stable and can be paddled standing up. Watercraft rentals always is a struggle. $999 Market: 50M of US population fish every year. Pandemic brought back 13M of lost anglers. 3M new Competitors: 4 companies in folding kayak niche anglers take up fishing every year. with a price range from $350 to $3799 for a kayak. Kayak fishing as a sport grow from 1M users in 2010 to 2,8M users in 2017. Fishing kayak market grew Competitive advantage : Aquire urban dwellers from $202M in 2011 to $624M in 2016 in sales. with smallest folding kayak with all the features of Recreational kayaking grew from 6,4M users in 2010 traditional hardshell kayak. to 10,5M users in 2017. Target: 10 000 kayaks sold in 2025. Go to market: Crowdfunding campaign in july 2021 Team: Founder - Janis Karklitis (avid fisherman, e- with appereance in iCast 2021 (biggest fishing expo commerce specialist) in the world); Designer - Janis Beinerts (industrial designer and Vendor selection in august/september for 2022 watersport enthusiast) season in US; Current status: Validated MVP with potential Production of kayaks starts in december 2021 (2000 customers and outdoor experts; units for 2022). Incubation in LIAA Valmiera business incubator till Funding needed: 10 000 EUR to create a new MVP may 2022. for testing and validation. Pike Boy Kayak SIA Janis Karklitis [email protected].