LIFT Aircraft

LIFT Aircraft

Growth Stage

FLY THE FUTURE

Overview

Raised this Round: Raised: $548,076

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

02/22/2024

Close Date

01/01/2025

Min. Goal
$999
Max. Goal
$3,699,999
Min. Investment

$999

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.21

Pre-Money Valuation

$226,000,000

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

LIFT Aircraft, with a valuation of $226 million, is raising funds on Dealmaker Securities. The company has created a drone for people leading the urban air mobility revolution. LIFT has used distributed electric propulsion technology, autonomous flight control systems, and its patented design to create the personal drone. It is the first company in the world to launch pay-per-flight eVTOL operations, with six US Air Force contracts and 15,000 waitlist signups for their 25 city nationwide tour. Matt Chasen founded LIFT Aircraft in September 2017. The current crowdfunding campaign has a minimum target of $998.92 and a maximum target of $3.7 million. The campaign proceeds will be used for corporate development purposes, including research and development, manufacturing, location development, and staffing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,734,879

$2,721,375

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,254,920

$-3,765,043

Summary Balance Sheet

FY 2023 FY 2022

Cash

$630,862

$464,760

Accounts Receivable

$456,663

$257,237

Total Assets

$8,202,792

$964,614

Short-Term Debt

$1,806,306

$1,797,904

Long-Term Debt

$1,579,318

$1,790,455

Total Liabilities

$3,385,624

$3,588,359

Financials as of: 02/22/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LIFT Aircraft 12/31/2024 Dealmaker Securities $226,000,000 $548,076 Equity - Common Active RegCF
LIFT Aircraft 10/03/2023 StartEngine $270,000,000 $1,349,320 Equity - Common Funded RegA+
LIFT Aircraft 09/04/2023 StartEngine $188,670,940 $1,349,320 Equity - Common Funded RegCF
LIFT Aircraft 04/26/2022 StartEngine $188,821,430 $4,987,058 Equity - Common Funded RegCF
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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.

Employee History

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LIFT Aircraft on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $226,000,000
Price per Share: $2.21

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