LIFT Aircraft

Growth Stage

We develop drones capable of human flight.

Analytics

Raised to Date: Raised: $221,388

Aggregate Commitments $

Platform

StartEngine

Start Date

10/04/2022

Close Date

10/04/2023

Min. Goal

$536

Max. Goal

$10,350,000

Min. Investment

$536

Security Type

Equity - Common

Funding Type

RegA+

Series

Seed

Price Per Share

$2.68

Pre-Money Valuation

$270,000,000

Rolling Commitments $

Status

Active

Reporting Date

12/09/2022

Days Remaining

299

% of Min. Goal

41,304%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,354

# of Investors

171

Momentum
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Location

Austin, Texas

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

LIFT Aircraft, with a valuation of $270 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created a drone for people that is leading the urban air mobility revolution. LIFT uses 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 4,000 prepaid flight reservations and 11,000 people on waitlists to fly HEXA in 25 US cities. Matt Chasen founded LIFT Aircraft in September 2017. The current crowdfunding campaign has a maximum target of $10,350,000. The campaign proceeds will be used for aircraft construction, equipment purchase, location construction fees, tour asset purchases, R&D, and development of operating locations.

Balance Sheet

Cash and Cash Equivalents

$1,093,543

Accounts and Notes Receivable

$447,198

Total Assets

$8,219,539

Accounts Payable & Accrued Liabilities

$365,714

Long Term Debt

$1,770,000

Total Liabilities

$10,988,551

Total Stockholders' Equity

$-2,769,012

Total Liabilities and Equity

$8,219,539

Statement of Comprehensive Income Information

Total Revenues

$2,721,375

Costs & Expenses Applicable to Rev

$229,597

Depreciation and Amortization

$921,980

Net Income

$-1,552,082

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

Auditor: IndigoSpire CPAs & Advisorrs
Financials as of: 10/04/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LIFT Aircraft 10/04/2023 StartEngine $270,000,000 $221,388 Equity - Common Active RegA+
LIFT Aircraft 04/27/2022 StartEngine $188,821,430 $4,987,058 Equity - Common Funded RegCF
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LIFT Aircraft on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $270,000,000
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