LIFT Aircraft
We develop drones capable of human flight
Overview
Raised: $665,877
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/08/2023
Close Date
08/06/2023
Min. Goal
$14,999
Max. Goal
$3,385,119
Min. Investment
$499
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.87
Pre-Money Valuation
$188,670,940
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
64
% of Min. Goal
4,439%
% of Max. Goal
20%
Likelihood of Max
Avg. Daily Raise
$25,611
# of Investors
323
Momentum
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Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
LIFT Aircraft, with a valuation of $188.67 million, is raising funds on StartEngine. 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. LIFT Aircraft’s aircraft HEXA has completed beginner flight envelope testing, and 16 of them have already been produced. Matt Chasen founded LIFT Aircraft in September 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $3.4 million. The campaign proceeds will be used for aircraft and other fixed assets procurement, research and development, and general and administrative expenses.
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: 05/08/2023
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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 | $253,652 | Equity - Common | Active | RegA+ |
| LIFT Aircraft | 08/06/2023 | StartEngine | $188,670,940 | $665,877 | Equity - Common | Active | RegCF |
| LIFT Aircraft | 04/27/2022 | StartEngine | $188,821,430 | $4,987,058 | Equity - Common | Funded | RegCF |
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