Photo - LUNA COMPUTER
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LUNA COMPUTER

Technology, Software & Design

Turkey
Market: Computers, office equipment, Production, Entertainment, Electronics, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 22.03.2024
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equalizer from 2000
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Idea

We are creating unique devices that combine technology, software and design. Devices have to make an impact on people who look them first time. We can do this with unique designed devices.

Current Status

We created a device that we call EQOO, and now we are developing the second generation of EQOO and LUNAPP 2. We started from scratch, with our budget being just our student allowance. We bought our first 3D printer and used it to produce 10 units of the first generation of EQOO and the mobile app LUNAPP. We rented a MacinCloud to publish it on the App Store. After selling all of them, we upgraded my room significantly to produce EQOO. We are currently working on EQOO 2, which features a more elegant touch on/off mechanism, new gesture features, angled sound tunnel technology, and a 3D RGB LED System that can be controlled through LUNAPP 2. It offers more than just a Bluetooth media player. The new motherboard is better than the old one.

Market

The United States is a significant player in the Speakers market, generating a revenue of US$10.8bn in 2024.
This market segment is projected to experience an annual growth rate of 6.93% (CAGR 2024-2028).
When compared to other countries, in China leads the way with a revenue of US$12,420.0m in 2024.
In terms of per capita revenue, each person in the United States is expected to generate US$31.69 in 2024.
Looking ahead, the volume of the Speakers market is anticipated to reach 107.8m pieces units by 2028.
Furthermore, there is an estimated volume growth of 8.3% expected in 2025.
On an individual basis, the average volume per person in the United States' Speakers market is projected to be 0.2pieces units in 2024.
The United States is experiencing a surge in demand for smart speakers, with consumers increasingly relying on voice assistants for everyday tasks.

Problem or Opportunity

The lack of devices that can uniquely combine light and sound experiences has been observed in the market, as other products in the market with limited control and light options cannot provide the necessary performance for users. Similar designs, stagnant technology, and the feature of being just a sound output device make existing solutions inadequate. At this point, next-generation devices designed to adapt to entertainment and provide users with an interactive experience are gaining importance.

Solution (product or service)

Unique design and 3D RGB Leds will let people party great again. EQOO is not just a bluetooth media player. EQOO has the ability to turn your room into a party. You can control party with LUNAPP 2.

Competitors

Actually, there is no exact alternative because our device not only functions as a Bluetooth speaker but also has the ability to turn your room into a party. However, other Bluetooth speaker brands available in the market include Apple, JBL, Harman Kardon, and Bose.

Advantages or differentiators

Our biggest goal is to be the best. We believe that we can achieve this with our vision, ideas, and imagination. The devices that we have created will connect with people on a deeper level, evoking something within them. People will become attached to our devices. Technology is limitless, and with our imagination, we can push the boundaries. We aspire to push these boundaries as far as possible and create the best devices in the world.

Business model

We can sell it on online marketplaces and in tech centers. If we allocate money for PR and ads, and establish deals with music bands for the EQOO special box design, this will be great PR for us. These are just some of the things outlined in our plans.

Money will be spent on

We chose to start with a Bluetooth speaker because we can develop it within a room, and as we are students, we want to do this in the USA. So, we want to move this startup to the USA, set up a team, develop this device, and then sell it to the whole world.

Offer for investor

We chose to start with a Bluetooth speaker because we can develop it within a room and as we are students. And we want to do this in USA.So we move this start up to USA and set up a team and develop this device then sell it to whole world.

Risks

Competitive Pressure: The mobile technology market is highly competitive. EQOO 2 must compete with other rival brands' devices that have similar or more advanced features. Competitive pressure can affect market share loss or customer loyalty but technology is limitless, and with our imagination, we can push the boundaries. We aspire to push these boundaries as far as possible and create the best devices in the world.

Invention/Patent

Luna Computer brand name in Turkey
Sound Tunnel Technology
3D RGB LED System

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
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