LIFT Aircraft

LIFT Aircraft

Growth Stage

FLY THE FUTURE

Overview

Raised to Date: Raised: $347,268

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

02/22/2024

Close Date

12/31/2024

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

260

% of Min. Goal

34,764%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,552

# of Investors

164

Momentum
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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 2022 FY 2021

Revenue

$2,721,452

$2,721,375

COGS

$0

$229,597

Tax

$0

$0

 

 

Net Income

$-3,765,043

$-1,552,082

Summary Balance Sheet

FY 2022 FY 2021

Cash

$464,760

$1,093,543

Accounts Receivable

$257,237

$447,198

Total Assets

$8,964,614

$8,219,539

Short-Term Debt

$1,797,904

$8,425,736

Long-Term Debt

$1,790,455

$2,562,815

Total Liabilities

$3,588,359

$10,988,551

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 $347,268 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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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

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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