About this raise
Panhwar Jet, with a valuation of $100 million, is raising funds on PicMii. The company is crafting the world’s first all-electric long-range luxury aircraft. Panhwar Jet’s aircraft’s propulsion system is driven by an innovative power generation system that eliminates the need for heavy batteries and will enable the aircraft to cover the longest distance ever covered by an electrical plane. Panhwar Jet aims to cater to multiple sectors, including medical supplies, cargo, and business. Ayisha Fareed founded Panhwar Jet in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4 million. The campaign proceeds will be used for salaries, real estate and assets, admin expenses, and marketing and advertising.
Investment Overview
Not Funded: $53,500
Deal Terms
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $10,140,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/31/2024 | PicMii | $100,000,000 | $53,500 | Convertible Note | Not Funded | RegCF |
11/04/2022 | Wefunder | $62,600,000 | $3,000 | Convertible Note | Not Funded | RegCF |
Growth Charts
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.