About this raise
Panhwar Jet, with a valuation of $62.6 million, is raising funds on Wefunder. The company is developing the world’s first all-electric long-range jet to disrupt the aviation industry. The proprietary technology of Panhwar Jet requires only a small amount of battery pack to process air and generate power to fly the aircraft for many hours. The design and simulation of Panhwar Jet are completed, and fuselage production started in June 2022. Ayisha Fareed Panhwar, Nick Panhwar, and Syeda Zainab Hussain founded Panhwar Jet in February 2021. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $3.5 million. The campaign proceeds will be used for salaries, marketing and advertising, real estate and assets, and admin expenses.
Investment Overview
Not Funded: $3,000
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
- $10,000,000
- 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 |