Tap, Play and Go!
SportsBox provides self-service, smart lockers stocked with high-quality equipment, allowing anyone to borrow gear on demand, at council parks, beaches, leisure centres and sports fields.
Our core range caters to multi-ball sports, and includes a solar-powered model for outdoor use. Users get access via our app, while customers gain valuable data insights through the management portal.
But were just getting started. A water sports model is now being designed, with further plans to develop a locker to meet the growing global demand for existing and emerging racquet sports.
Business Model
Summary
We derive revenue through sales of SportsBox lockers to government, institutions, leisure centres and sports governing bodies, as well as the recurring annual subscription for the technology and equipment maintenance service.
Description
In Australia, weve appointed referral partners with deep industry connections to complement our existing team. Well continue to expand our partner network to enable us to scale rapidly within Australia.
Globally, well leverage our key partnerships and appoint distributors who are aligned with our mission.
Additional revenue has been derived from sponsorships, providing co-branded lockers and in-app promotions.
Future revenue opportunities may arise from the provision of data insights from our management dashboard, or by further building out the user app and technology.
Mission & Objectives
Mission
At SportsBox, were on a mission to build stronger, inclusive communities and form an active and healthy society through the ease of access to sports equipment.
Business Objectives
With the support of our strategic partners, we are excited to watch our plans come to life over the next 12 months. Our objectives include:
- Expand our product range
- Scale operations across Australia
- Enter new markets globally
- Build our marketing capabilities
- Explore additional revenue streams stemming from tech development and exciting new features.
Industry
Summary
SportsBox enjoys a unique first mover advantage, providing Australias first solution of its kind, assisting government to address the rising trend of inactivity, while leveraging the cultural shift towards a sharing economy.
Description
The sharing economy is revolutionising the way people consume goods and services, offering an alternative to traditional models of commodity ownership. The global sharing economy is expanding rapidly, projected to reach USD $827 billion by 2032, with sports equipment rental emerging as a key segment for consumers. It is also emerging as a viable approach which aids governments in tackling the rising economic cost of inactivity, currently estimated to cost $805 million in Australia per annum.
