Earth Robotics
Early Stage
Automating Deliveries in Residential Buildings with Fully Automated Indoor Robots and MicroHubs
Overview
Raised: $54,449
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/27/2023
Close Date
04/30/2023
Min. Goal
$14,998
Max. Goal
$1,234,998
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.35
Pre-Money Valuation
$17,128,668
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
363%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$2,269
# of Investors
50
Momentum
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Year Founded
2020
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Earth Robotics, with a valuation of $17.13 million, is raising funds on StartEngine. The company aims to use fully-automated robotic technology to automate food delivery inside residential buildings. The patented robotic system of Earth Robotics is complete, and it has launched its first pilot robot and signed more contracts and LOIs. Earth Robotics has also created its MicroHubs to hold the parcels until the person decides to get them delivered. Ismael Emacha and Amir Emacha founded Earth Robotics in August 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-613,987 |
$-151,118 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,807 |
$885 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$171,486 |
$36,610 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$335,000 |
$0 |
|
Total Liabilities |
$335,000 |
$0 |
Financials as of: 02/27/2023
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Analyst Report
Pending Review
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