Doroni Aerospace

[Closed for Investment] Doroni Aerospace, with a valuation of $196.89 million, is raising funds on StartEngine. The company has developed an Electric Vertical Takeoff and Landing Aircraft (eVTOL) that people can fly personally and park in their home garages. Doroni Aerospace’s aim is to make transportation faster, cheaper, safer, simpler, greener, and more efficient. The company has already designed, built, tested, and lifted three prototypes off the ground and is in the pre-revenue stage. Doron Merdinger founded Doroni Aerospace in October 2021. The current crowdfunding campaign has a minimum target of $9,998.88 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing and sales, research and development, and company employment.

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Investment Overview

Raised this Round: Raised: $1,918,242

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
05/20/2024
Close Date
10/15/2024
Min. Goal
$9,999
Max. Goal
$2,710,158
Min. Investment

$595

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.96

Pre-Money Valuation

$196,888,494

Company & Team

Company

Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Coral Springs, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Doron Merdinger
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$16,917
 Runway
24 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,399,673

$-2,356,538

Summary Balance Sheet

FY 2023 FY 2022

Cash

$735,177

$395,418

Accounts Receivable

$0

$0

Total Assets

$1,456,640

$1,369,961

Short-Term Debt

$232,780

$254,901

Long-Term Debt

$336,547

$464,182

Total Liabilities

$569,327

$719,083

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,700,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/15/2024 StartEngine $196,888,494 $1,918,242 Equity - Preferred Funded RegCF
12/11/2023 StartEngine $162,052,436 $2,363,619 Equity - Preferred Funded RegCF
03/03/2023 StartEngine $158,756,020 $2,469,689 Equity - Preferred Funded RegCF
04/28/2022 StartEngine $14,000,000 $1,069,850 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Doroni Aerospace on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $196,888,494
Price per Share: $2.96

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Follow Doroni Aerospace on StartEngine 2024

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Warning: according to the close date for this deal, Doroni Aerospace may no longer be accepting investments.

Doroni Aerospace Deal Report

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