Pitch Aeronautics

Early Stage

Beyond video: A drone for robotic tasks.

Analytics

Raised to Date: Raised: $274,813

Aggregate Commitments $

Platform

StartEngine

Start Date

05/31/2022

Close Date

08/29/2022

Min. Goal

$9,998

Max. Goal

$1,070,000

Min. Investment

$299

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$1.81

Pre-Money Valuation

$9,955,004

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

65

% of Min. Goal

2,749%

% of Max. Goal

26%

Likelihood of Max
possible
Avg. Daily Raise

$10,993

Momentum
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Location

Boise, Idaho

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

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: 05/31/2022
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Pitch Aeronautics on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $9,955,004

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