Airspace Experience Technologies

Airspace Experience Technologies

Growth Stage

Air mobility company delivering private air travel to the masses.

Air mobility company delivering private air travel to the masses.

Overview

Raised this Round: Raised: $235,967

Total Commitments ($USD)

Platform

Republic

Start Date

12/19/2022

Close Date

04/30/2023

Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$80,000,000

Discount

0%

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Detroit, Michigan

Business Type

Growth

Airspace Experience Technologies (ASX), with a valuation of $80 million, is raising funds on Republic. It designs and manufactures Electric Vertical Takeoff and Landing aircraft systems to connect cities, airports and suburbs that are clean, quiet and connected. ASX uses a modular design with a swappable payload which reduces downtime as well as can use helipads. It also collapses for easy shipment and storage. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure and general working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,418,948

$-308,314

Summary Balance Sheet

FY 2021 FY 2020

Cash

$553,621

$130,369

Accounts Receivable

$11,400

$0

Total Assets

$2,045,879

$1,441,226

Short-Term Debt

$123,597

$3,080

Long-Term Debt

$2,089,122

$186,038

Total Liabilities

$2,212,719

$189,118

Financials as of: 12/19/2022
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Airspace Experience Technologies 04/30/2023 Republic $80,000,000 $235,967 SAFE Funded RegCF
Airspace Experience Technologies 06/28/2019 SeedInvest $25,000,000 $902,928 Equity - Preferred Funded RegCF / RegD 506(c)
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Airspace Experience Technologies on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $80,000,000

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