Gramovox Surpasses $1M For The Floating Record During Kickstarter Initiative; Breaks Chicago Crowdfunding Record

With nearly two weeks until its Kickstarter comes to an end, Floating Record, a Vertical Turntable that was created by Chicago-based Gramovox, has secured $1,040,000. This new number successfully breaks the city’s reward-based crowdfunding record, which was previous held by Central Standard Timing’s 2013 failed project “world’s thinnest watch.”

Back in April, Central Standard Timing announced that after two years and over a million dollars, which was given by Kickstarter backers, it will be unable to provide its famous watch, CST-01. The timepiece, which was dubbed the “thinnest watch in the world” was said to be 0.8 mm thick and using an e-ink display. Its minimalist style had no buttons or knobs, with the base station handling most of the work, charging the device and allowing users to change to a 24-hour format.

Now, according to the Chicago Tribune, the new turntable, Floating Record, had taken the funding record from Central Standard Timing, but hasn’t forgotten its mistakes.

Gramovox created the Floating Record after the launch of its other Kickstarter project, Bluetooth Gramophone. The other device secured $241,00 on the platform in later 2013 but has been struggling with late delivering to backers. CEO Pavan Bapu stated that he hopes to avoid any of those type of problems with the Floating Record.

The Floating Record is described as a high-performance turntable that plays records vertically through built-in, dynamic, full-range stereo speakers (or through an RCA line out). Each Floating Record sits on a wood base and a belt connects from a small wheel to a platter, causing it to spin and create a great sound without any issues.

While chatting with the media outlet, Bapu shared he thought The Floating Record would hit it big, but didn’t expect to make large amounts of cash so fast:

“I was thinking that we would do a million, but I was not thinking we’d do it this quickly.”

He also noted that he is fully aware of the Central Standard Timing issues and has hired third-party manufacturer, AssemTech. He has worked out the manufacturing process to make sure he can make the device in large numbers and he has already ordered parts and preparing for assembly, which will be done in West Chicago.

He added:

“We planned for the Kickstarter, but also for the holiday season beyond that.”