LuftCar

LuftCar

Early Stage

A True Flying Car

A True Flying Car

Overview

Raised this Round: Raised: $65,082

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/28/2023

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    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$30,000,000

Year Founded

2022

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

ORLANDO, Florida

Business Type

Growth

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: 05/28/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
LuftCar on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,000,000
Price per Share: $3.00

Follow company

Follow LuftCar on StartEngine 2023

Buy LuftCar's Deal Report

Warning: according to the close date for this deal, LuftCar may no longer be accepting investments.

LuftCar Deal Report

Get KingsCrowd’s comprehensive report on LuftCar including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether LuftCar is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the LuftCar deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge