Pitch Aeronautics

Pitch Aeronautics

Early Stage

Beyond video: A drone for robotic tasks.

Beyond video: A drone for robotic tasks.

Overview

Raised this Round: Raised: $410,451

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/30/2022

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    Open SEC Filing

Price Per Share

$1.81

Pre-Money Valuation

$9,955,004

Year Founded

2022

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Boise, Idaho

Business Type

Growth

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: 05/30/2022
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Pitch Aeronautics on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,955,004
Price per Share: $1.81

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