Earth Robotics

Earth Robotics

Closed: Jul. 2023

About this raise

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.

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Investment Overview

Invested this round: $134,229

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/27/2023
Close Date
07/06/2023
Min. Goal
$14,998
Max Goal
$1,234,998
Min. Investment

$249

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.35

Pre-Money Valuation

$17,128,668

Company & Team

Company

Year Founded
2020
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Virginia Gardens, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Ismael Emacha
Title
CEO
Founder Name
Amir Emacha
Title
COO

Financials

 Revenue
$0
as of FY2021
 Monthly Burn
$51,166
as of FY2021
 Runway
0.1 months
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-613,987

$-151,118

Summary Balance Sheet

FY 2021 FY 2020

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$450,005
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/06/2023 StartEngine $17,128,668 $134,229 Equity - Common Funded RegCF
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Add to portfolio
Earth Robotics on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,128,668
Price per Share: $2.35

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Follow Earth Robotics on StartEngine 2023

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

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