blueflite
Early Stage
Reinventing cargo logistics using drones
Overview
Raised: $298,267
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/02/2022
Close Date
04/30/2023
Min. Goal
$9,999
Max. Goal
$1,234,997
Min. Investment
$299
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$1.98
Pre-Money Valuation
$21,999,998
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
88
% of Min. Goal
2,983%
% of Max. Goal
24%
Likelihood of Max
Avg. Daily Raise
$4,890
# of Investors
86
Momentum
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Location
Brighton, Michigan
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
High
Capital Intensity
High
blueflite, with a valuation of $22 million, is raising funds on StartEngine. The company is reinventing the cargo logistics industry using drones. The business has its patented delivery drones, logistics software, and intelligent in-flight control algorithm to streamline logistics for companies. blueflite offers a complete package to companies with its all-in-one aerial logistics solution to make deliveries safer, speedier, and more cost-efficient. Dr. Frank Noppel and James McClearen founded blueflite in September 2018. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.23 million. The campaign proceeds will be used to accelerate product development, fulfill commercial orders, and grow additional sales.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$933,230 |
$0 |
|
COGS |
$22,691 |
$860 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-215,952 |
$-171,464 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,416,235 |
$607,904 |
|
Accounts Receivable |
$1,855 |
$0 |
|
Total Assets |
$1,914,717 |
$677,229 |
|
Short-Term Debt |
$569,294 |
$685,942 |
|
Long-Term Debt |
$2,820,074 |
$1,100,014 |
|
Total Liabilities |
$3,389,368 |
$1,785,956 |
Financials as of: 12/02/2022
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