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Coolest Cooler, Kickstarter’s most-funded project ever, is too broke to ship to backers

By Kelly Hodgkins Published March 1, 2016

Coolest Cooler — Image used with permission by copyright holder

The coolest cooler on the Internet is in desperate need of some cold, hard cash. For the second time in its short history, Coolest Cooler is running short of money, and is now petitioning investors to raise the funds needed to deliver its goods to its 60,000 paying customers, reports Eater.

Second only to the Pebble as one of the most successful Kickstarters ever, Coolest Cooler raked in more than $13 million in funding during its month-long campaign. The portable cooler is a barbecue-er’s dream, offering a battery-powered blender, a cutting board, waterproof Bluetooth speaker, a USB charger, and storage space for up to 55 quarts of chilled refreshments.

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Unfortunately, the ultimate camping complement is becoming a nightmare for the company and backers alike. CEO Ryan Grepper announced last year that problems with the blender would delay the shipment of the unit this spring. Because it had to find a new source of blenders, the company also confirmed it was going to sell a select number of units on Amazon to “keep the lights on” and “make certain that every single backer’s Coolest can get made and shipped.” This decision caused an outcry among supporters, who wondered why these completed units were being sold to new customers instead of being sent to pre-order customers.

Now the company is struggling financially again as it moves into the shipping stage. In an email sent to supporters, the company confirmed it is seeking investors to provide the capital needed to ship the rather heavyset coolers to its backers. Grepper writes in the email that the firm is “in the process of identifying the right partner who can provide the capital and strategic resources to fund the remaining production of backer rewards and help grow the company to the next level. We’re not quite there yet, but it is moving forward.”

Several backers have already received their Coolest coolers to mixed reviews. The remaining backers will have to continue to wait for the cash to come in so Cooler can begin to move its inventory and get these innovative items into the hands of its patient customers.

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Kelly's been writing online for ten years, working at Gizmodo, TUAW, and BGR among others. Living near the White Mountains of…

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The warning dates back from May, but was made public in an email to Tesla released on November 8.
The NHTSA opened an investigation in October into 2.4 million Tesla vehicles equipped with the FSD software, following three reported collisions and a fatal crash. The investigation centers on FSD’s ability to perform in “relatively common” reduced visibility conditions, such as sun glare, fog, and airborne dust.
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Meanwhile, “Tesla’s X (Twitter) account has reposted or endorsed postings that exhibit disengaged driver behavior,” Gregory Magno, the NHTSA’s vehicle defects chief investigator, wrote to Tesla in an email.
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Tesla’s official website also promotes conflicting messaging on the capabilities of the FSD software, the regulator said.
NHTSA has requested that Tesla revisit its communications to ensure its messaging remains consistent with FSD’s approved instructions, namely that the software provides only a driver assist/support system requiring drivers to remain vigilant and maintain constant readiness to intervene in driving.
Tesla last month unveiled the Cybercab, an autonomous-driving EV with no steering wheel or pedals. The vehicle has been promoted as a robotaxi, a self-driving vehicle operated as part of a ride-paying service, such as the one already offered by Alphabet-owned Waymo.
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