Arrive

Arrive

Growth Stage

Smart, Secure, Seamless Delivery and Pickup for People, Robots, and Drones

Smart, Secure, Seamless Delivery and Pickup for People, Robots, and Drones

Overview

Raised to Date: Raised: $606,702

Total Commitments ($USD)

Platform

PicMii

Start Date

09/22/2023

Close Date

12/16/2023

Min. Goal
$1,000
Max. Goal
$3,599,998
Min. Investment

$1,000

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.80

Pre-Money Valuation

$365,088,137

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/09/2023

Days Remaining

7

% of Min. Goal

60,660%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,778

Momentum
warm.svg
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Year Founded

2020

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Indianapolis, Indiana

Business Type

Growth

Arrive, with a valuation of $365.1 million, is raising funds on PicMii. The company works as a platform for safe, patented, and smart drone delivery. Arrive is app-driven and is used to ship and receive food, parcels, medicines, and beverages securely and seamlessly. The business is revolutionizing last-mile delivery with secure packages, smart mailboxes, and its Mailbox-as-a-Service platform. Dan O’Toole founded Arrive in April 2020. The current crowdfunding campaign has a minimum target of $9,998.80 and a maximum target of $3.6 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$-9,195

$9,195

 

 

Net Income

$2,388,614

$1,526,753

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,557,096

$2,677,012

Accounts Receivable

$0

$0

Total Assets

$2,533,493

$3,208,894

Short-Term Debt

$139,478

$49,392

Long-Term Debt

$26,273

$0

Total Liabilities

$165,751

$49,392

Financials as of: 09/22/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Arrive 12/16/2023 PicMii $365,088,137 $606,702 Equity - Common Active RegCF
DRONEDEK 07/06/2023 StartEngine $330,689,859 $1,293,077 Equity - Common Funded RegCF
DRONEDEK Corporation 08/31/2021 Wefunder $123,000,000 $3,574,629 Equity - Common Funded RegCF
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Arrive on PicMii 2023
Platform: PicMii
Security Type: Equity - Common
Valuation: $365,088,137
Price per Share: $2.80

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