Detonation Space

Early Stage

Next Generation Engines

Analytics

Raised to Date: Raised: $158,323

Aggregate Commitments $

Platform

StartEngine

Start Date

06/02/2021

Close Date

12/31/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$15,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

01/02/2022

Days Remaining
Funded
% of Min. Goal

1,583%

% of Max. Goal

15%

Likelihood of Max
Funded
Avg. Daily Raise

$747

Momentum
Funded
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Location

West Hollywood, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

High Growth

Detonation Space, with a valuation cap of $15 million, is raising funds on StartEngine. The company is developing rotating detonation engines that are thermodynamically more efficient than conventional engines. The Detonation Space engines will be able to provide longer flight times to drones, more passenger accommodation to planes, and more carrying capacity to rockets. Umit Yelken founded Detonation Space in October 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to establish a test facility and grow. Detonation Space aims to unlock global mobility with its engine suitable for hypersonic jets. The technology will help to increase the efficiency of aerospace vehicles and decrease the cost per kilogram of payload.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-54,341

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$25,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/02/2021
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Detonation Space on StartEngine 2021
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Platform: StartEngine
Security Type: Convertible Note
Valuation: $15,000,000

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