Panhwar Jet

Panhwar Jet

Growth Stage

World’s 1st All-Electric Long Range Jet disrupting Aviation Industry

World’s 1st All-Electric Long Range Jet disrupting Aviation Industry

Overview

Raised this Round: Raised: $3,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/27/2022

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    Open SEC Filing

Early Bird Val. Cap

$50,000,000

Valuation Cap

$62,600,000

Discount

5%

Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Kamas, Utah

Business Type

Growth

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: 09/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Panhwar Jet 03/30/2024 PicMii $100,000,000 $53,500 Convertible Note Not Funded RegCF
Panhwar Jet 11/03/2022 Wefunder $62,600,000 $3,000 Convertible Note Not Funded RegCF
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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.

Employee History

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Panhwar Jet on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $62,600,000

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