Novo Aero Technology

Novo Aero Technology

Early Stage

Developing Vertical Take-off Planes.

Developing Vertical Take-off Planes.

Overview

Raised to Date: Raised: $10,500

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/22/2018

Close Date

05/29/2018

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$3,350,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

08/30/2018

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$1,500

# of Investors

19

Momentum
Not Funded
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Raleigh, North Carolina

Novo Aero Technology is flying in in a big way, as they’re developing vertical take-off planes. Their proposed hybrid aircrafts will employ an innovative compact propeller to lift the aircraft, and the overall design, when compared to a conventional helicopter, will make it cheaper to produce, cheaper to maintain, and less prone to accidents. They also predict their design will allow for operating the aircraft at relatively higher speeds and altitudes. Novo Aero is currently pre-prototype and in the research and development phase. So far, they have assessed the performance of over 100 blade combinations and layouts for use in their compact propellers, conducted extensive market research, and submitted an initial patent application for their technology.
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Novo Aero Technology on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $3,350,000
Price per Share: $0.50

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