Exovolar Industries

Early Stage

Fly Like Superheroes

Analytics

Raised to Date: Raised: $56,348

Aggregate Commitments $

Platform

StartEngine

Start Date

09/20/2021

Close Date

03/17/2022

Min. Goal

$9,995

Max. Goal

$1,069,992

Min. Investment

$348

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$5.28

Pre-Money Valuation

$8,798,603

Rolling Commitments $

Status
Funded
Reporting Date

03/31/2022

Days Remaining
Funded
% of Min. Goal

564%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$317

Momentum
Funded
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Location

Union City, New Jersey

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Exovolar Industries, with a valuation of $8.8 million, is raising funds on StartEngine. The company is developing a hands-free personal air mobility system. The system will allow humans to explore the sky without requiring their hands, providing for additional utility and safety. Exovolar Industries aims to revolutionize personal air mobility in the military and entertainment and make flying as simple as walking. Guanhao Wu, Ton Duong, and Andrea Giannini founded Exovolar Industries in August 2019. The current crowdfunding campaign has a minimum target of $9,995.04 and a maximum target of $1,069,992. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-239,369

$-87,515

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$209,867

$365

Accounts Receivable

$0

$0

Total Assets

$246,358

$5,165

Short-Term Debt

$9,677

$0

Long-Term Debt

$0

$0

Total Liabilities

$9,677

$0

Financials as of: 09/20/2021
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Exovolar Industries on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,798,603

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