Skully Investors Dismiss Founders After Multiple Delays of Indiegogo Project AR-1 Helmets

SKULLY AR-1 1

Earlier this week, an inside source revealed to TechCrunch that the investors of Skully have removed founders, Marcus and Mitch Weller, from the company. This was announced after the multiple delays of their Indiegogo-funded project, AR-1 helmet.

SKULLY AR-1 4As previously reported, AR-1 is considered the world’s first augmented reality motorcycle helmet. It is made of lightweight, aerodynamic polycarbonate and is considered highly weather resistant. Along with anti-fog, anti-scratch, anti-glare E-Tint visor, the helmet has the following features:

  • Heads Up Display: Shows critical information in the user’s line of sight, which allows them to keep their eyes on the road ahead.
  • Rearview Camera: Gain full situational awareness with its wide-angle rearview camera.
  • GPS Navigation: Never miss another turn with an integrated navigation system that gives the user timely information even in low-reception areas.

The helmets were sold to motorcycle enthusiasts from 47 countries, grossing SKULLY $2,815,401 in sales, a total that amounts to 1,126% over the company’s initial $250,000 goal. The AR-1 retailed for $1499 and was originally supposed to ship last year. Following the Indiegogo campaign, the company raised an additional $1.5 million and then another $11 million in Series A funding round, which was led by Walden Riverwood Ventures and Intel Capital.

SKULLY AR-1 5TechCrunch reports the investors named Martin Fitcher, who is currently COO, the new CEO of the Skully. One source declared the company has only shipped 20 helmets so far, while another source noted that it was more than 20 but less than 100. Skully has also been struggling to keep its staff together as well. The media outlet revealed its main engineer left in May to work for Tesla.

Currently, the company is rumored to be trying to sell itself and also raise a Series B.


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