Pitch Aeronautics
About this raise
Pitch Aeronautics, with a valuation of $10 million, is raising funds on StartEngine. The company is developing a drone for robotic tasks, including inspection climbing. The drone, Astria, is equipped with a patented cyclorotor for precision positioning and a configuration to mount a heavy payload on an interchangeable payload arm. Atria is in the prototype stage and is undergoing flight testing. Pitch Aeronautics is led by an experienced team and is unlocking new markets that are currently serviced by people on ropes and ladders. David Bennett, Zachary Adams, and Ian Gibson founded Pitch Aeronautics in February 2022. The current crowdfunding campaign has a minimum target of $9,998.44 and a maximum target of $1,069,999.60. The campaign proceeds will be used to transition the prototype to a commercial product.
Investment Overview
Invested : $410,451
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 05/31/2022
- Close Date
- 11/28/2022
$9,998
$1,070,000
$299
Equity - Common
Early Stage
RegCF
$1.81
$9,955,004
Company & Team
Company
- Year Founded
- 2022
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $30,000
- Grants
- $300,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/28/2022 | StartEngine | $9,955,004 | $410,451 | Equity - Common | Funded | RegCF |