DriveMind
Early Stage
DriveMind is developing robotic delivery vehicles for last-mile package delivery
Overview
Raised: $156,870
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/22/2021
Close Date
03/09/2022
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$200
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/08/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$2,064
# of Investors
126
Momentum
Not Funded
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Year Founded
2021
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
DriveMind, with a valuation of $8 million, is raising funds on Wefunder. The company is developing robotic delivery vehicles for last-mile package delivery. The autonomous vehicles of DriveMind, with locked compartments and proprietary technology, will bridge the technology gaps and revolutionize package delivery. DriveMind is led by an experienced team and accepted into NewChip and NVIDIA’s startup accelerator programs. Howard Stark founded DriveMind in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for prototype hardware, hiring engineers, patent acquisition, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,610 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$189,530 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$189,730 |
$0 |
|
Short-Term Debt |
$2,250 |
$0 |
|
Long-Term Debt |
$200,000 |
$0 |
|
Total Liabilities |
$202,250 |
$0 |
Financials as of: 12/22/2021
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