Airspace Experience Technologies (2019)

Airspace Experience Technologies (2019)

About this raise

Airspace Experience Technologies, offering private air travel to the masses, is raising funds on SeedInvest. The company has a pre-money valuation of $25 million and is using mass production and state-of-the-art technology for manufacturing vertical take-off and landing aircraft. The aircraft will be useful to carry cargo and passengers five times faster than driving. Airspace Experience Technologies was founded by Jon Rimanelli and Anita Sengupta and has already raised $965,000 in its pre-seed round. The current crowdfunding round has a total size of $8,070,000, and the proceeds will be used for aircraft development, marketing, and employee compensation. Airspace Experience Technologies holds strong potential as it is backed by a management team with decades of experience and has already signed an MoU with VerdeGo Aero to supply its parts like motors and batteries.

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Investment Overview

Invested this round:
$577,928 - RegCF
$902,928 - Total

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
05/01/2019
Close Date
06/28/2019
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Capital Intensity
Location
Detroit, Michigan
Company Website
Visit Website

Team

Employees
6

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

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

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 SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $25,000,000
Price per Share: $2.50

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Warning: according to the close date for this deal, Airspace Experience Technologies may no longer be accepting investments.

Airspace Experience Technologies Deal Report

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