Lotus Trolley Bag is a reusable system & sustainable solution to plastic. In the past 2 quarters, we have grown from 600 to 10,000 retail stores in the U.S. and Canada. Experienced team, scalable model, dedicated production facility & an omnichannel sales approach. Revenue for 2019 is at $2.7M & tracking for $10M in revenue for 2020. The company holds 8 patents globally & market leader in U.S.
Meet Lotus Trolley Bag
Why is your company the best option to solve the problem you're solving?
Our advantages are function, quality, and style. Plus, we are first to market. We've successfully been able to capitalize on our first-mover advantage by executing our strategy in thousands of stores nationwide and having conversations with nearly every grocery chain in the country. We have multiple patents in the U.S, Canada, Australia, Mexico, and Europe. With over 1300 Five star reviews, the Lotus Trolley Bag has become one of the best selling reusable bags on all of Amazon. Our team is committed to our plastic-free cause and we are dedicated to making Lotus a household name.
What nuggets of info make you interesting? Why do people care about what you're doing?
With this one product, we've effectively disrupted the norms of grocery shopping. Providing the consumer a complete system instead of random plastic bags that produce clutter. Our solution provides fewer trips to and from the car, declutters storage areas in the home, and eliminates the need and reliance on single-use plastic bags. The insulated bag ensures items remain hot or cold for up to four hours. Also, the evolution of grocery shopping, such as Amazon Go and Scan, Bag & Go technology, keeps our innovative product ahead of the curve as it will streamline the shopping experience, making it possible to shop and bag at the same time. As the industry changes to this new model with scanners, our bags are the perfect solution to accompany this technology. Lastly, our trolley bags protect food from the shopping cart acting as a liner, while the material used to produce the bags are food-safe, BPA free and durable.
What else do you want us to know?
The average family uses over 1500 plastic bags a year! This amounts to over 160,000 plastic bags being used globally every second. With no effective recycling options, virtually every bag ends up in our oceans, landfills, and environment. It is estimated that there are more microplastics in the ocean than there are stars in the Milky Way. We as humans have to change our wasteful habits and at Lotus are committed to influencing real change with smart and sustainable solutions.
BEHIND THE COMPANY
Founder/CEO: Farzan Dehmoubed
What is your company's secret sauce?
We have 6 patents in the US, 2 in Mexico, 2 in Canada, 2 in Australia, & 2 in the EU. But our real success stems from our passionate team that genuinely cares about our cause and is on a mission to eliminate plastic from shopping.
What's the best entrepreneurial advice you've received?
If it was easy, everybody would do it.