KinectAir

KinectAir

Early Stage

The future of flying. The on-demand flight network.

The future of flying. The on-demand flight network.

Overview

Raised to Date: Raised: $352,064

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/09/2020

Close Date

09/21/2020

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.04

Pre-Money Valuation

$6,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,385

# of Investors

221

Momentum
Funded
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Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Vancouver, Washington

Business Type

Growth

KinectAir, with a pre-money valuation of $6 million, is raising crowdfunding on Wefunder. The company provides accessible air travel experiences through its efficient and right-sized aircraft. KinectAir has designed an intelligent software that meets the customer demand real-time and creates a booking to the actual need. The products of KinectAir include go-anywhere point-to-point charter, group flights for eight people, and turboprops with up to 80 seats. KinectAir is led by Jonathan Evans and has raised over $230,000 since its inception. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000, and the funds will be used for marketing and brand development, general operating expenses, aviation operations, and regulatory certification. KinectAir is an excellent combination of a talented team, intelligent AI-driven software, joy, and accessibility.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,080

$0

COGS

$1,248

$0

Tax

$743

$0

 

 

Net Income

$-145,894

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$980

$0

Accounts Receivable

$0

$0

Total Assets

$2,380

$0

Short-Term Debt

$13,957

$0

Long-Term Debt

$69,474

$0

Total Liabilities

$83,431

$0

Financials as of: 06/09/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
KinectAir 04/29/2022 Wefunder $23,000,791 $93,004 Equity - Preferred Funded RegCF
KinectAir 01/02/2022 Wefunder $12,998,606 $0 Equity - Preferred Not Funded RegCF
KinectAir 09/21/2020 Wefunder $6,000,000 $352,064 Equity - Common Funded RegCF
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Founder Profile

KinectAir Founder Jonathan Evans on The Future of Flying

Airplane flights are possibly one of the least environmentally-friendly ways to travel. And as our economy continues to become more global, the number of people who regularly take flights is only going to increase. Additionally, not all airlines have handled the current pandemic well at all. Some airline companies have returned to selling all seats in a plane, while others continue to keep middle seats empty for the time being.


KinectAir has a very different vision for airlines flights. The company offers point-to-point charter flights as well as dynamic group flights. KinectAir utilizes AI software to enable intelligent flight booking for customers who use its app. We sat down with founder Jonathan Evans to discuss the future of flight and how KinectAir fits into that future.


Note: This interview was conducted over email. It has been lightly edited for clarity and length.


Read Founder Interview

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KinectAir on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $6,000,000
Price per Share: $0.04

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