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The Axle Workout isn't accepting new investments

The Axle Workout’s deadline was May 1, 2022

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The Axle Workout

Improve life expectancy with better body composition
Consumer Fitness B2C Hardware
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Featured image of The Axle Workout
$142,718
Raised
113
Investors
Successfully funded and closed on May 1, 2022.
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Closed on May 1, 2022. Information may not be up-to-date. Campaign closed on May 1, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by The Axle Workout Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
The Axle Workout Crowd SAFE Axle Workout Form C:A (2.14.2022).pdf Axle Workout Form C-A.pdf
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Hear from some of the 113 people reserved or invested in The Axle Workout


Show more

Highlights


$500K+ revenue
Company had over $500K in revenue in the past 12 months
  • $1.5M+ Lifetime Revenue as of Nov 2021
  • 2,000%+ growth QoQ from Q1 2019 to Q1 2021
  • $680K+ revenue in 2020, growing from $263K in 2019
  • Used in over 200 branded health clubs such as the YMCA, UFC , Crunch and mo
  • $2,400 forecasted LTV
  • "Smart" Barbell in development (see below)

Problem



Life expectancy is dropping in the world's richest country


Obesity is a primary contributor to early mortality, and costs $210B every year in the US.

  • Obesity is associated with a number of co-morbid diseases
    and conditions that require treatment. Rising rates of
    obesity have resulted in significant increases in direct
    medical spending for obese and overweight individuals.
  • Only 12% of Americans are metabolically healthy, because of lack of strength training/muscle mass and diets high in carbs/sugar.
  • Muscle mass is inversely associated with all-cause mortality.
  • Strong evidence indicates that muscle maintains its plasticity and capacity to hypertrophy, even into the 10th decade of life.
  • Muscle tissue stores and expends glycogen (sugar, carbohydrates).
  • Muscle mass has proven to be a strong predictor of health outcomes in cancer patients.

Solution


Help people live longer and better with improved body composition


Fact: body composition is the best predictor of your health

Body composition is the analysis that describes the amount of fat mass in relation to muscle mass. 

  • Strength training combats obesity and improves life expectancy.
  • Studies show that if you're in the upper 33% of your age category for strength, you live 10 years longer.
  • Strength training is the best method to improve body composition, which is correlated to a lower risk of chronic disease such as:
    • Cardiovascular Disease

    • Obesity

    • Metabolic Disease (e.g., Type II Diabetes)

    • Orthopedic Injuries driven by excess body weight


Product


Proprietary training tool with proven market fit

and a second-generation Smart Barbell coming soon



The Axle barbell is a lightweight, collapsible, Olympic barbell. We make home workouts easy, providing a full gym in one tool. From as little as 5lb to start to load up to 150lb, this is a tool for the whole family. 

The Axle Barbell is a proprietary lightweight, rolling, and packable product of its kind available on the mass market, with patents pending in the U.S. and 80+ countries.

The Live and On-demand Training App allows our community to engage with real instructors in real-time to help them achieve their body transformation goals.

  • Live classes, up to 3 times per day, 6 days per week
  • On-demand, sport-specific workouts
  • Bodyweight-only workouts
  • Nutrition coaching and community support


Developing a smarter barbell

A portion of the fundraising goes towards the development of the V2 "Smart" Barbell. This second-generation barbell can track segmental (each limb & torso) body muscle and body fat as well as how it changes over time with strength training.

A thermometer for body muscle and body fat gives a snapshot of current health.

These biometrics can help users better understand their health in the immediate and long term: 

Total body compositionMeasuring weight
Intracellular waterSkeletal muscle mass
Extracellular waterSegmental lean analysis
Dry lean massBMI
Body fat massTrue body weight


The Axle Smart Barbell will allow community members to understand how their body is changing over time.

Users will know how much:

  • Muscle they have limb by limb and torso

  • Fat they have limb by limb and torso

  • To train their bodies with customized exercises that allows them to change desired muscle/fat distribution

  • To track their body’s composition changes over time

Traction


Established direct sales, retail, and B2B channels


$1.5M+ lifetime revenue as of Nov 2021

  • QoQ Growth -- Q1 2020 to Q1 2021: 2,194.12%

Sales growth:

  • $263K in total sales in 2019 
  • $680K+ in total sales in 2020

Currently sold in: 

Athletics organizations and athletes

We are an NFL-associated organization and have partnered with the NFL Players Association. We have an extensive list of ambassadors and/or affiliated athletes across the NFL, MLB, UFC, NBA, International Olympic Teams, and more.

Athletes include:

Lindsey Vonn, Joakim Noah  (Retired NBA All-Star), Rudy Gobert (Utah Jazz), Joe Harris (Brooklyn Nets), Joe Burrow (Cincinnati Bengals), Donta Hightower (New England Patriots), CeeDee Lamb (Dallas Cowboys).

Axle barbells are currently used in:

"The Axle Workout will be the next big thing." - Crunch Fitness 



Net Promoter Score: 71
 


Company timeline

Customers


Pro athletes, supermodels,
& Oscar winners are among our users


The Axle Workout has seen massive reception from women aged 25–54. Axle customers include those who are new to strength training, CrossFitters who want a barbell for home use, avid runners, youth or pro athletes and even active seniors aged 55 and above.

New to Strength Training

Barbell fitness is a great way to combat a desk-bound lifestyle. It’s also complimentary to Pilates, Yoga and traditional bodyweight or light dumbbell group exercise.

Active Seniors 55+

Active seniors value mobility and strength as they age. Axle Mobility on Axle Live is a perfect compliment to this lifestyle need.

Avid Runners

Axle’s unique ability to activate the Biceps Femoris gives runners a major cross-training boost.

Crossfitters

Crossfitters love barbell work and Axle brings several beloved movements home. When you don’t have a full Rogue Rig, this barbell brings push press, squat cleans, and core work home.

Youth Athletes

Axle’s light weight enables youth athletes to start strength training with a focus on form, first. 

Pro Athletes

Axle has no shortage of professional athletes who rely on Axle to get them to “available” to go in the game.

People with chronic conditions

As we go forward, we endeavor to help those who suffer from chronic health conditions. 

Business model


Hardware sales plus connected fitness software subscription


In 2020, The Axle Workout recorded:

  • ~50% direct website sales
  • ~50% retail sales

2021 introduces revenue model
with monthly and annual membership options


Market


The virtual fitness market is worth $6B+ and growing


The fitness equipment market size was $6B+ in 2019 and is anticipated to grow at a 33.1% CAGR between 2020 and 2027. Weightlifting is becoming increasingly popular, with much of the growth being propelled by women entering the space. Our go-to-market plan is to expand distribution through eCommerce platforms and grow D2C market penetration.

The Telehealth market is even bigger

Telehealth had a market value of $38.7B in 2019 and is forecasted CAGR of 37.7% over the next six years, to $191B by 2025

"The global online virtual/fitness market size was valued at $6,046 million in 2019, and is projected to reach $59,231 by 2027."

Go-to-market strategy

Competition


Unmatched versatility meets serious affordability

  • Price competitive with traditional connected fitness options
  • Doesn't lock in to one room or wall of a home
  • Can be used outdoors (aluminum does not rust)
  • Delivers personalized coaching and live feedback

Vision and strategy


Help people better understand their bodies and extend their life expectancy

The Axle Workout wants to bring affordable strength training to consumers. We have designs for new, proprietary products with MOQ pricing from manufacturers. With proper funding, we can bring these products to life.

Expand subscription health & fitness coaching business

  • Axle delivers strength and nutrition programming to global community, members subscribe on monthly basis.
  • "Smart" Barbell serves as a basis for biometric tracking.
  • Position Axle as the ideal employer-sponsored corporate wellness platform for at-home workforces.

Funding


Seeking $1M to fund growth

The Axle Workout is currently seeking to raise $1M to fund growth (paid marketing, B2B sales). 

Founders


Founded by children of first-generation immigrants

Diversity and inclusion is at the core of Axle's creation, starting with the founding partners. The core team today is comprised of individuals who were born in 4 separate countries.

Andrew Page, CEO and Co-Founder 

12 years of strength training, group fitness and athletic training. Head athletic trainer at the NY Athletic Club, and consultant to NBA and international Olympic teams. Certified from the Exos Performance Institute. BA from the University of Virginia.

Anuj Patel, COO and Co-Founder

12 years of experience in the health and wellness industry. Director at PatientsLikeMe, former digital health venture lead at IMS Health. MBA from Duke University. 

Deal terms


Valuation cap

$11,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for The Axle Workout occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that The Axle Workout is accepting.
Learn more

Funding goal

$1.07M

The Axle Workout must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
The Axle Workout needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by The Axle Workout Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
The Axle Workout Crowd SAFE Axle Workout Form C:A (2.14.2022).pdf Axle Workout Form C-A.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in The Axle Workout.
35 investors
Invest
$100
Receive
  • Own a part of The Axle Workout
  • 10 "First class Free" Passes for Friends
  • Limited (1965 left of 2000)
42 investors
Invest
$250
Receive
  • Own a part of The Axle Workout.
  • 25 "First Class Free" Passes for Friends
  • 25% OFF Discount on Axle Live 6-Month Membership ($594 Value)
  • FREE Axle Bundle ($379 Value)
  • Limited (958 left of 1000)
16 investors
Invest
$500
Receive
  • Own a Part of The Axle Workout
  • 50 "First Class Free" Passes for Friends
  • 35% OFF Discount on Axle Live 6-month Membership ($594 Value)
  • FREE Axle Bundle ($379 Value)
  • Limited (734 left of 750)
13 investors
Invest
$1,000
Receive
  • Own a part of Axle Workout
  • 100 "First Class Free" Passes for Friends
  • 50% OFF Discount on Axle Live 6-Month Membership ($594 Value)
  • FREE Axle Bundle ($340 Value)
  • Free Access to Axle Community and Quarterly Nutrition Challenge ($252 value)
  • Access to private small group training with Axle Workout Co-Founder and CEO Andrew Page
  • Limited (487 left of 500)
2 investors
Invest
$5,000
Receive
  • Own a part of Axle Workout
  • 500 "First Class Free" Passes for Friends
  • FREE 1 Year Axle Live Membership ($1,188 Value)
  • 75% OFF Discount on Axle Live 6-Month Membership ($594 Value)
  • FREE Axle Bundle ($379 Value)
  • Free Access to Axle Community and Monthly Nutrition Challenge ($252 value)
  • Access to private small group training with Axle Workout Co-Founder and CEO Andrew Page
  • Free V2 "Smart Barbell" Prototype
  • Limited (498 left of 500)
Invest
$10,000
Receive
  • Own a part of Axle Workout
  • 1,000 "First Class Free" Passes for Friends
  • 75% OFF Discount on Axle Live 6-Month Membership ($594 Value)
  • FREE Axle Bundle ($379 Value)
  • Free Access to Axle Community and Monthly Nutrition Challenge ($252 value)
  • Access to private small group training with Axle Workout Co-Founder and CEO Andrew Page
  • Free V2 "Smart Barbell" Prototype
  • Free Private Training with Axle Trainer
  • Limited (50 left of 50)
3 investors
Invest
$25,000
Receive
  • Own a part of Axle Workout
  • 2500 "First Class Free" Passes for Friends
  • 75% OFF Discount on Axle Live 6-Month Membership ($594 Value)
  • FREE Axle Bundle ($379 Value)
  • Free Access to Axle Community and Monthly Nutrition Challenge ($252 value)
  • Access to private small group training with Axle Workout Co-Founder and CEO Andrew Page
  • Free V2 "Smart Barbell" Prototype
  • Free Exclusive Session Axle Trainer Private Training
  • 1-Monthly 1-on-1 30 min session with Andrew Page
  • Limited (22 left of 25)

About The Axle Workout

Legal Name
The Axle Workout Inc.
Founded
Nov 2016
Form
Delaware Corporation
Employees
0
Website
theaxleworkout.com
Social Media
Headquarters
Google Map location of of The Axle Workout
17 Chittenden Avenue 5D , New York, NY
Headquarters
17 Chittenden Avenue, 5D, New York, NY, United States 10033

The Axle Workout Team
Everyone helping build The Axle Workout, not limited to employees

Profile picture of Andrew Page
Andrew Page
Co-Founder
Profile picture of Gary Shambat
Gary Shambat
Hardware Technology Advisor
Profile picture of Dr. Stephanie Ortiz Page
Dr. Stephanie Ortiz Page
Medical Advisor
Specialist in: Bariatric Medicine, Metabolic Medicine
Profile picture of Anuj Patel
Anuj Patel
COO and Co-Founder
Profile picture of Bill Colbert
Bill Colbert
Sales and Growth Lead
Profile picture of Donna Cyrus
Donna Cyrus
Strategic Advisor
3 more team members
Andrew Page
Co-Founder
Bill Colbert
Sales and Growth Lead
Gary Shambat
Hardware Technology Advisor
Donna Cyrus
Strategic Advisor
Dr. Stephanie Ortiz Page
Medical Advisor
Anuj Patel
COO and Co-Founder

Press

The Axle Barbell will give you a killer multifunctional w...
CNN Underscored
·
Apr 29, 2021

With an increased demand for at-home workout equipment coupled with stock issues across the board, this past year has sho...

Turn Heads in Your Facility - Add Olympic Lifting to Grou...
Athletic Business Athletic Business
·
Apr 16, 2018

The UFC Gym in New York City's New Hyde Park has almost 10,000 members. When you walk in on a typical Monday at 6:00 p.m....

ACE - Certified™: July 2018 - The Axle: An ACE Integrated...
Acefitness Acefitness

Exclusively for CERTIFIED readers, ACE Pro Jonathan Ross applies the principles of the ACE Integrated Fitness Training® (...

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The Axle Workout

The Axle Workout successfully raised $142,718 from 113 investors on May 1, 2022
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Jim, Edlynne, Takashi, Teremachus, Alphonse, and 108 others invested. 23 Reviews
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