blueflite

blueflite

Early Stage

Reinventing cargo logistics using drones

Reinventing cargo logistics using drones

Overview

Raised this Round: Raised: $400,297

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/01/2022

Close Date

04/03/2023

Min. Goal
$9,999
Max. Goal
$1,234,997
Min. Investment

$299

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.98

Pre-Money Valuation

$21,999,998

Year Founded

2018

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Brighton, Michigan

Business Type

Growth

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

FY 2021 FY 2020

Revenue

$933,230

$0

COGS

$22,691

$860

Tax

$0

$0

 

 

Net Income

$-215,952

$-171,464

Summary Balance Sheet

FY 2021 FY 2020

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: 12/01/2022
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blueflite on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,999,998
Price per Share: $1.98

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