blueflite

Early Stage

Reinventing cargo logistics using drones

Overview

Raised to Date: 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
unlikely
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

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

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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blueflite on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,999,998

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