DriveMind

Early Stage

DriveMind is developing robotic delivery vehicles for last-mile package delivery

Analytics

Raised to Date: Raised: $157,345

Aggregate Commitments $

Platform

Wefunder

Start Date

12/23/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$200

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

315%

% of Max. Goal

16%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,828

Momentum
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Location

Sparta, New Jersey

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

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: 12/23/2021
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DriveMind on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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