Pitch Aeronautics
Early Stage
Beyond video: A drone for robotic tasks.
Overview
Raised: $410,451
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/31/2022
Close Date
11/28/2022
Min. Goal
$9,998
Max. Goal
$1,070,000
Min. Investment
$299
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.81
Pre-Money Valuation
$9,955,004
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,268
# of Investors
231
Momentum
Funded
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Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$13,775 |
|
COGS |
$0 |
$10,822 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,523 |
$-9,086 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,170 |
$668 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$20,473 |
$668 |
|
Short-Term Debt |
$13,043 |
$8,718 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$13,043 |
$8,718 |
Financials as of: 05/31/2022
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