Panhwar Jet
Growth Stage
World’s 1st All-Electric Long Range Jet disrupting Aviation Industry
Overview
Raised: $3,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/28/2022
Close Date
11/04/2022
Min. Goal
$200,000
Max. Goal
$3,500,000
Min. Investment
$500
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Early Bird Val. Cap
$50,000,000
Valuation Cap
$62,600,000
Discount
5%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/04/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$81
Momentum
Not Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-428,057 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$53,676 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$97,083 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/28/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Panhwar Jet | 04/01/2024 | PicMii | $100,000,000 | $53,500 | Convertible Note | Active | RegCF |
| Panhwar Jet | 11/04/2022 | Wefunder | $62,600,000 | $3,000 | Convertible Note | Not Funded | RegCF |
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