Jet Shark
Early Stage
Bringing an exhilarating submersible vessel to the mass market
Overview
Raised: $5,000
Total Commitments ($USD)
Platform
Republic
Start Date
03/25/2024
Close Date
07/22/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$200
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$7,500,000
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
85
% of Min. Goal
10%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$152
# of Investors
13
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2023
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Jet Shark, with a valuation of $10 million, is raising funds on Republic. The company is bringing a submersible vessel to the mass market. Jet Shark moves through the water rather than skimming over it like boats and brings the capabilities of an aircraft to the boating world. The business has delivered 175 vessels to over 35 countries and generated $20 million in sales. Jet Shark has an impeccable safety record and has been featured in major films, TV shows, and commercials. Robert Innes founded Jet Shark in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, and infrastructure.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-69,724 |
$-53,040 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$586,500 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/25/2024
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.