Airspace Experience Technologies

Growth Stage

Air mobility company delivering private air travel to the masses.

Overview

Raised to Date: Raised: $116,609

Total Commitments ($USD)

Platform

Republic

Start Date

12/19/2022

Close Date

03/19/2023

Min. Goal

$250,000

Max. Goal

$618,000

Min. Investment

$250

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$80,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

45

% of Min. Goal

47%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,591

# of Investors

166

Momentum
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Location

Detroit, Michigan

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,418,948

$-308,314

Summary Balance Sheet

Most Recent Year Prior Year

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/Cap Total Raised Security Type Status Reg Type
Airspace Experience Technologies 03/19/2023 Republic $80,000,000 $116,609 SAFE Active RegCF
Airspace Experience Technologies 06/28/2019 SeedInvest $25,000,000 $902,928 Equity - Preferred Funded RegCF / RegD 506(c)
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Airspace Experience Technologies on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $80,000,000
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