LIFT Aircraft

LIFT Aircraft

Growth Stage

We develop drones capable of human flight

We develop drones capable of human flight

Overview

Raised this Round: Raised: $1,349,320

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/07/2023

Close Date

09/05/2023

Min. Goal
$14,999
Max. Goal
$3,385,119
Min. Investment

$499

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.87

Pre-Money Valuation

$188,670,940

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

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: 05/07/2023
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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 StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $188,670,940
Price per Share: $1.87

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Follow LIFT Aircraft on StartEngine 2023

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