Jetoptera (2024)
About this raise
Jetoptera, with a valuation of $127 million, is raising funds on Wefunder. The company has multiple unique patents, including its fluidic propulsive system, which can be combined to create a simpler, faster, quieter, and more compact aircraft. Jetoptera’s unique propulsion system is engineered for short and vertical takeoff and landing applications. The company has been awarded 91 patents and has generated $3.1 million in revenue with the US military. Andrei Evulet and Denis Dancanet founded Jetoptera in June 2015. The current crowdfunding campaign has a minimum target of $50,004 and a maximum target of $4.8 million. The campaign proceeds will be used for marketing and general corporate purposes.
Investment Overview
$2,076,883 - Total
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +357% YoY
- $1,884,146
- Monthly Burn
- $128,267
-
Runway
- 2.6 months
- Gross Margin
- 51%
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Synopsis
Jetoptera is a Seattle-based startup that aims to revolutionize the future of aerial mobility. The company has developed a unique fluidic propulsive system integrated with a novel airframe, aiming to facilitate a faster, simpler, quieter, and more compact aircraft capable of vertical and short takeoff and landing (VTOL). Jetoptera's aircraft is a potential game-changer in the rapidly growing Advanced Air Mobility Market
Jetoptera's propulsion system is a key differentiator in the market. It's a bladeless technology, which makes the aircraft safer and reduces noise significantly, a critical factor for urban air mobility. The company's technology has already been recognized and rewarded with 91 patents, demonstrating its innovative approach and potential for disruption in the aviation industry.
Although still in the pre-product phase, Jetoptera has already generated $3.1 million in revenue through contracts with the US military, demonstrating the practical applications and demand for its technology. The company's current crowdfunding campaign on Wefunder will be used for marketing and general corporate purposes, supporting Jetoptera's continued growth and development.
Price
Jetoptera is offering equity at a valuation of $127 million. This valuation is relatively high for a company in the pre-product development phase. While Jetoptera has a unique fluidic propulsive system and has been awarded 91 patents, it has not yet generated significant revenue from its products. The company has generated $3.1 million in revenue through contracts with the US military, but it is important to note that this revenue is not from commercial sales.
Investors should be cautious about the valuation of Jetoptera, as it is a pre-product company and has not yet demonstrated a track record of successful commercialization. The current valuation may be based on the potential of its unique technology and the potential of the Advanced Air Mobility market. However, significant risks are associated with bringing a new product to market, including regulatory hurdles, competition, and the need for substantial capital investment.
While Jetoptera has the potential to disrupt the transportation and aerospace industries with its innovative technology, investors should carefully evaluate the risks and potential returns before considering an investment at this valuation.
Market
The US Advanced Air Mobility market is projected to grow at a compound annual growth rate of 20% through 2032 driven by increased demand for commercial and military applications.
However, it's crucial to note that the US Advanced Air Mobility market is moderately competitive, with established players like Airbus SE, Archer Aviation, and Beta Technologies. Despite this, Jetoptera's unique technology could be a significant differentiator, providing it with a competitive edge in the market.
The company's primary market, the US, represents a significant portion of the US Advanced Air Mobility market, expected to reach $2.8 billion in 2023. However, navigating this market also has high regulatory hurdles, as aviation products must meet strict safety and performance standards to gain approval.
Jetoptera appears to be well-positioned in a high-growth market, with a unique product offering that could help it stand out among competitors. However, the company's success will depend on its ability to navigate a highly regulated industry and ensure market acceptance of its innovative technology.
Team
Jetoptera was co-founded by CEO and CTO Andrei Evulet, Chairman of the Board of Directors Denis Dancanet, and CFO Simina Farcasiu. Evulet has over 22 years of relevant industry experience. Dancanet has a background in business and management, and Farcasiu brings financial expertise to the team.
While the team is small, each founder brings valuable skills and experience. Evulet's technical expertise, industry knowledge, Dancanet's business acumen, and Farcasiu's financial management skills create a well-rounded leadership team.
Jetoptera's founders have demonstrated their commitment to the company by dedicating their time and expertise to its growth. With its unique technology and strong leadership, Jetoptera is well-positioned to disrupt the Advanced Air Mobility market and become a key player in the aerial mobility industry.
Differentiation
Jetoptera is positioning itself as a disruptive player in the aerial mobility industry with its unique fluidic propulsive system and novel airframe design. The company's differentiated propulsion system offers several advantages over traditional aircraft, including creating simpler, faster, quieter, and more compact aircraft. Jetoptera's technology is specifically engineered for short and vertical takeoff and landing applications, making it well-suited for the advanced Air Mobility market
Jetoptera's unique patents and proprietary technology give it a high level of differentiation in terms of quality. The company has been awarded 91 patents, demonstrating its commitment to innovation and intellectual property protection.
Jetoptera's revenue generation thus far has primarily come from contracts with the US military, totaling $3.1 million. This indicates early market validation and potential opportunities for further growth in the defense sector. However, the company currently has no paying customers outside of the military.
Jetoptera's disruptive potential lies in its ability to revolutionize aerial mobility market with its advanced propulsion system. The company's technology offers a better solution than established alternatives, potentially attracting customers seeking improved performance and efficiency in their aircraft.
While Jetoptera faces entry barriers due to the industry's complexity and the need for significant investment in research and development, its unique technology and patents provide a strong competitive advantage. As the company continues to develop and commercialize its products, it has the potential to disrupt the transportation industry and become a key player in the emerging aerial mobility market.
Performance
Jetoptera has been awarded 91 patents, including its unique fluidic propulsive system, which allows for creating faster, simpler, quieter, and more compact aircraft. This system is specifically engineered for short and vertical takeoff and landing applications, positioning Jetoptera as a key player in the US Advanced Air Mobility market.
Jetoptera has established major collaborations with industry leaders such as Northrop Grumman and Pratt & Whitney, further validating its technology's potential. These collaborations provide Jetoptera with access to expertise and resources that can accelerate its product development and market penetration.
Jetoptera's progress in product development, collaborations with industry leaders and grant generation position the company for future success in the aviation and aerospace industry.
Risk
A significant risk for Jetoptera is the need for a long time to build and scale the product. Jetoptera is currently in the pre-product development phase, and the company will require significant time and resources to bring its bladeless propulsion technology to market. Delays or complications in product development could negatively impact the company's timeline and financial performance.
Jetoptera has a high capital intensity level, as indicated by its significant short-term and long-term debt. The company must raise substantial funds to finance its operations, product development, and scaling efforts. If Jetoptera cannot secure sufficient funding, it may face financial challenges that could impact its ability to execute its business plan effectively.
Moreover, market acceptance of Jetoptera's revolutionary bladeless propulsion technology remains uncertain. The company's unique offering may face resistance or skepticism from potential customers, regulatory authorities, or the market as a whole. Achieving widespread adoption and market acceptance may require significant efforts in educating and convincing potential customers about the advantages and safety of the technology.
Bullish Outlook
Jetoptera is a promising startup revolutionizing the aerospace industry with its bladeless propulsion technology. The company has developed a unique fluidic propulsive system integrated with a novel airframe, creating a faster, simpler, quieter, and more compact aircraft. Jetoptera's focus on vertical and short takeoff and landing applications positions it well in the growing market for advanced air mobility.
The company's impressive portfolio of 91 awarded patents demonstrates its commitment to innovation and its potential for creating disruptive solutions in the industry. Jetoptera has already generated $3.1 million in grants through collaborations with the US military, showcasing its ability to attract strategic partnerships and generate traction in its target market.
Jetoptera's technology has the potential to transform aerial mobility and unlock new possibilities in transportation. The company's unique proposition and strong patent portfolio provide a competitive advantage and significant barriers to entry for potential competitors.
Bearish Outlook
Jetoptera, despite its revolutionary claims, is still in the pre-product phase. While the company holds multiple patents for its fluidic propulsive system, there is no evidence of a working prototype or any tangible progress toward bringing a product to market. The lack of a functional product raises concerns about the company's ability to quickly deliver on its promises and generate revenue.
Furthermore, Jetoptera faces stiff competition in the aviation and aerospace industry. Established players like Airbus SE, Archer Aviation, and Beta Technologies have made significant strides in developing vertical takeoff and landing (VTOL) aircraft. These companies have extensive resources, established partnerships, and proven track records, giving them a distinct advantage over Jetoptera.
The valuation of Jetoptera at $127 million seems excessive given its current stage and lack of product development. Without a proven prototype or a clear path to market, the company may struggle to justify its valuation and attract further investment.
Executive Summary
Jetoptera is an aviation startup that aims to revolutionize flight with its unique bladeless propulsion technology. The company's fluidic propulsive system, combined with a novel airframe, aims to create a faster, quieter, and more compact aircraft capable of vertical and short takeoff and landing. Jetoptera's unique offering has earned it 91 patents and generated $3.1 million in grants with the US military. Its collaborations with industry giants like Northrop Grumman and Pratt & Whitney strengthen the company's value proposition.
However, the company is still in its early stages and has yet to bring a product to market. Despite its impressive technology and collaborations, it faces stiff competition from established players such as Airbus SE, Archer Aviation, and Beta Technologies. The company's financial health is also a concern, with a net income loss of $1,539,199 in the most recent fiscal year.
The company plans to use the proceeds from the current crowdfunding campaign, which aims to raise between $50,004 and $4.8 million for marketing and general corporate purposes. This funding could help Jetoptera overcome its challenges and make significant strides in its mission to revolutionize flight.
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $10,689,955
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/11/2024 | Wefunder | $127,000,000 | $2,076,883 | Equity - Common | Funded | RegCF / RegD 506(c) |
11/08/2022 | StartEngine | $135,000,074 | $205,634 | Equity - Common | Funded | RegCF |
02/28/2022 | Wefunder | $125,044,544 | $2,167,898 | Equity - Common | Funded | RegCF |
04/13/2020 | Microventures | $22,000,000 | $217,168 | Convertible Note | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.