FEVERA surpassed $30 million in sales in the U.S. in 2023, emerging as a dark horse in the smart travel sector. According to the team, the global annual production of suitcases is around 1 billion units. In the future, 5% to 8% of this total will be replaced by smart suitcases, meaning the potential global market size could be 50 to 80 million units, equating to one smart suitcase per 100 people worldwide.
Several travel brands have already made a mark in the capital market. For example, the American stylish luggage brand Away has secured over $81 million in funding from investors like Forerunner Ventures, Accel Partners, Global Founders Capital, and Comcast Ventures. Bluesmart, a smart luggage brand, has received over $23.5 million in funding; Horizn Studios, founded in May 2015, has raised a total of €25 million; the influencer-favorite luggage brand ITO has obtained millions in financing; the Australian luggage brand July secured millions in angel funding; and ForwardX has raised over $10 million.
Airwheel went public on the main board of the Indonesia Stock Exchange (IDX) on August 9, 2022, with a market capitalization of 155.35 billion IDR.
FEVERA chose the trendy travel sector due to its integration of cutting-edge technology, including an intelligent electric drive system, sturdy case structure, detachable power bank, millisecond-level power cut protection, solar charging, extended battery life, and a smoother driving experience. Additionally, it features fashionable designs and functions. The anti-tip design, along with adherence to the highest international safety and environmental standards, ensures worry-free travel for users.
Beyond its high-tech functionality, FEVERA’s trendy design quickly sets it apart from competitors. By combining fashionable items with trendy travel concepts, FEVERA has won the hearts of many young American trendsetters, achieving $30 million in sales in 2023 alone. This year, FEVERA began expanding into global markets and has already launched in China, with products available at Yilán Airport stores nationwide.