Airspace Experience Technologies
Air mobility company delivering private air travel to the masses.
Overview
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
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
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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