LuftCar
Early Stage
A True Flying Car
Overview
Raised: $65,082
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/29/2023
Close Date
08/24/2023
Min. Goal
$15,000
Max. Goal
$1,234,998
Min. Investment
$198
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$30,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$748
# of Investors
49
Momentum
Funded
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Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
LuftCar, with a valuation of $30 million, is raising funds on StartEngine. It is an autonomous air and road mobility company that is developing electric vehicle take-off and landing (eVTOL) solutions. The business is advancing towards the prototype stage and aims to offer the first eVTOL flying forklift concept by using hydrogen fuel cell propulsion for advanced air mobility. LuftCar is led by an experienced team and is ready to make autonomous air mobility an everyday reality. Santh Sathya founded LuftCar in October 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, inventory, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-164,428 |
$-209,817 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$100,834 |
$266,725 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$101,699 |
$266,725 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/29/2023
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