Investor relations

    We are a young company from Switzerland, which has partnered with renowned suppliers from the automotive to the med-tech industry to develop an understated, high-end electric cigarette in the form and size of a traditional tobacco cigarette.

    Like most start-ups, especially the ones developing a hardware product from scratch, we rely on outside investments. Luckily, we are not only among those that were able to find many supporters that lend us their trust and became shareholders but also among the very few to find a way to process and manage investments and a large base of shareholders in the easiest and most efficient way. Together with the help of Zurich based Aktionariat AG we have started to tokenize parts of our shares so that today it’s possible to directly buy shares of our company without intermediaries via the Aktionariat Brokerbot® on this website.

    Our shares

    Carnault AG is a Swiss corporation based in Basel with trade register number CHE-352.010.237. Its purpose is to create a cigarette that keeps alive the magic of a tobacco cigarette while making the sensation less invasive.

    Its capital is divided into 1′028’510 (common) shares with a nominal value of 0.10 CHF each and 5’137’500 (voting) shares, out of which 140′020 shares are held by the company itself. On the basis of a Registration Agreement, Carnault AG shares are registered on the Ethereum blockchain as ERC-20 tokens named Draggable Carnault AG Shares. The current market price per share is 7.00 CHF, implying a market capitalization of 10′795′820 CHF.

    Trade history

    The trade history widget shows the five most recent share transactions. The complete trade history is also available for download as a CSV file.

    If you wish to be notified about future trades and other notable events concerning our share tokens, subscribe here.


    As long as Carnault cigarettes are not yet available and Carnault AG does not generate any sales, a large focus is on collecting investments. A high trading volume in the CAS Brokerbot may indicate a positive business development.


    The Carnault AG was first valued at CHF 1’000’000 with a price of CHF 1.00 per share. When certain milestones were reached or a financing round (during which the price could not be adapted) ended the share price was increased. 

    As of July 2022 more than CHF 3’500’000 were invested into the Carnault AG.


    Carnault Ltd was founded on 31.08.2016. Below is an overview of some of the important milestones that have been achieved since then.


    First design prototype of the cigarette


    Foundation of Carnault & Co. GmbH


    First design prototype of the charging case


    First prototype of award-nominated control electronics


    Transformation into today's Carnault AG


    Development of the "STAY GOLD" slogan


    First pre-series prototypes


    5x trademark applications


    Tokenization of shares


    Launch of website & start of pre-order

    Our current status

    Although a number of milestones have already been reached and the development of the first generation of the Carnault cigarette is as good as complete, an investment in Carnault AG can still be described as an "early-stage" investment. On the one hand, this means that further company development is associated with risks and uncertainties, and on the other hand, that the investment made has the potential to multiply due to the low company valuation. The highest ever valuation for an e-cigarette start-up was achieved by Juul Labs Inc. in 2018 with a valuation of USD 35,400,000,000.

    What does the term "early-stage" refer to in our case?

    Risks, among others due to:

    • Lack of sales
    • Lack of robust financial plans
    • Unvalidated demand
    • Possible financing and delivery delays

    Very high potential, among others due to:

    • A huge market with traditionally high margins
    • An innovative product that is technically difficult to copy and has 5 patents pending
    • Unique know-how due to the development of an own battery sleeve production
    • Protected trademark and design rights
    • An outstanding team

    Return of Invest

    There are numerous scenarios for Carnault shareholders as to how their investment could pay off financially in the medium and long term. It should be noted that a return on investment is by no means assured.

    • Sale of the company

    • Sale of shares

    • Dividend (annual distribution of profits) 

    • Buyback of the company

    Shareholder Registry

    Reasons for tokenization

    To this day, we are searching for a downside that comes with tokenization, since it seems too good to be true. But thanks to the great work of Aktionariat and LEXR, our search remains fruitless. So let's talk about the things that digitalization improves. There are many of them ...

    • The processing costs of investments are decreasing

    • The management of investors has become easier

    • Micro-investments are possible

    • Public sales are possible

    • Sending and receiving shares is easier

    • Permanent fundraising is possible

    • Dynamic stock pricing is possible

    Notable shareholders

    We consider ourselves fortunate that a high number of 137 shareholders so far have placed their trust in us. Some of the shareholders support us not only with their money, but also with their outstanding expertise in a wide variety of areas. The following list is not exhaustive.

    Philipp Simon

    Director of Operations at Dunkermotoren GmbH
    Master of Business Administration, Production Management, TUC
    Bachelor of Science, Electrical Engineering and Electronics, Hochschule Furtwangen


    Prof. Dr. Stefan Bauer

    Senior AI Fellow GSK
    Assistant Professor KTH Royal Institute of Technology Stockholm
    PhD, Machine Learning, ETH Zurich
    Master of Science, Mathematics, ETH Zurich


    Daniel Kröger

    Plant Manager - Borsi GmbH & Co. KG
    Bachelor of Arts, Advanced Management, Steinbeis Hochschule
    Bachelor of Engineering, Mechanical Engineering Duale Hochschule Baden-Württemberg


    André Olveira

    Leitung Geschäftsbereich Innovation und Umwelt IHK Südlicher Oberrhein
    Federführung Umwelt der baden-württembergischen IHKn
    Former Assistant Coach at SC Freiburg, Women Bundesliga
    Former professional soccer player


    Heiko Lusebrink

    Kanzlei Lusebrink Kirchzarten
    Specialised Tax Attorney and Tax Consultant
    Law and Political Science at Albert-Ludwigs-Universität Freiburg


    Anton Bracksmeier

    Manager/Director at Drubba Enterprises (Commerce & Business Partner & Official Jeweller of the Sport-Club Freiburg e.V.)


    Andrej Götte

    Vice President Sales Russia / CIS at Constantia Flexibles
    Master of Arts, International Business, Hochschule Ravensburg-Weingarten
    Bachelor of Business Administration, International Business, University of Cooperative
    Education Villingen-Schwenningen


    Paul Füglistaler

    Director at Premag Services AG
    Former Director at Premag Präzisionstechnik AG


    Björn D’Antino

    Executive Partner at D’Antino & De Min GbR


    Martin Stertz

    Director at Stertz Pflanzen
    Founder SMP Brands (Ridewerk, BARTSTR) & 
Pre-Seed Investor

    Nicola plain

    Chief Executive Officer at Aktionariat AG
    Director PLAIN Project Management & Consulting GmbH
    Master of Arts, Business Innovation, University St. Gallen



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