Novo Aero Technology
Early Stage
Developing Vertical Take-off Planes.
Overview
Raised: $10,500
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/23/2018
Close Date
05/30/2018
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$500
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$3,350,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/31/2018
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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