Parallel Flight Technologies

Parallel Flight Technologies

Early Stage

Saving lives, property, and the environment

Saving lives, property, and the environment


Raised to Date: Raised: $6,505,002

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegA+    Open SEC Filing

Price Per Share


Pre-Money Valuation


Rolling Commitments ($USD)

Reporting Date


Days Remaining
% of Min. Goal
% of Max. Goal
Likelihood of Max
Avg. Daily Raise


# of Investors


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Year Founded



Transportation, Automotive, Aviation, & Aerospace

Tech Sector


Distribution Model




Capital Intensity



La Selva Beach, California

Business Type


Parallel Flight Technologies, with a valuation of $28.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created a patent-pending drone technology that will allow drones to carry heavy loads for more than two hours. This will help in saving lives, property, and the environment. Parallel Flight Technologies was founded by Joshua Resnick, David Adams, and Bobby Hulter in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $7,762,500. The proceeds will be used for marketing and sales, research and development, materials, and working capital. Parallel Flight Technologies is led by a strong team and has large market potential. The innovative technology of Parallel Flight Technologies is funded by NASA, NSF, and USDA.

Balance Sheet

Total Assets


Total Liabilities and Equity


Statement of Comprehensive Income Information

Net Income


Earnings Per Share - Basic


Earnings Per Share - Diluted


Financials as of: 09/15/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Parallel Flight Technologies 05/16/2023 StartEngine $82,358,840 $740,307 Equity - Common Funded RegCF
Parallel Flight Technologies 06/27/2022 StartEngine $175,318,370 $1,304,860 Equity - Common Funded RegCF
Parallel Flight Technologies 06/29/2021 StartEngine $28,700,000 $6,505,002 Equity - Common Funded RegA+
Parallel Flight Technologies 07/27/2020 Wefunder $18,000,000 $350,198 Equity - Common Funded RegA+
Parallel Flight Technologies 01/12/2020 StartEngine $7,980,000 $1,069,794 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Analyst Report Analyst Report Methodology Article


KingsCrowd’s assessment of Parallel Flight Technologies has not substantially changed since we last rated it. Please see the previous Analyst Report to learn more about why Parallel Flight Technologies is a promising investment opportunity.

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Parallel Flight Technologies on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $28,700,000
Price per Share: $4.67

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