LIFT Aircraft

Growth Stage

We develop drones capable of human flight.

Analytics

Raised to Date: Raised: $1,914,415

Aggregate Commitments $

Platform

StartEngine

Start Date

11/01/2021

Close Date

04/27/2022

Min. Goal

$9,999

Max. Goal

$4,999,978

Min. Investment

$532

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$188,821,430

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

150

% of Min. Goal

19,146%

% of Max. Goal

38%

Likelihood of Max
extremely
Avg. Daily Raise

$70,904

Momentum
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Location

Austin, Texas

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

LIFT Aircraft, with a valuation of $189 million, is raising funds on StartEngine. The company has created a drone for people that is leading the urban air mobility revolution. LIFT is using distributed electric propulsion technology, autonomous flight control systems, and its patented design to create the personal drone. LIFT Aircraft is in the pre-commercial stage and has 15,000 people on waitlists to fly HEXA in 25 US cities. Matt Chasen founded LIFT Aircraft in September 2017. The current crowdfunding campaign has a minimum target of $9,998.94 and a maximum target of $4,999,978.06. The campaign proceeds will be used for developing the LIFT vertiport locations and the introduction of a certified aircraft.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,409,752

$99,900

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-514,072

$-1,730,793

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,829,642

$1,318,388

Accounts Receivable

$0

$0

Total Assets

$5,632,746

$2,191,890

Short-Term Debt

$0

$0

Long-Term Debt

$7,175,396

$3,725,739

Total Liabilities

$7,175,396

$3,725,739

Financials as of: 11/01/2021
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LIFT Aircraft on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $188,821,430

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