Revolute Robotics
Early Stage
Hybrid Ground and Aerial Robots
Overview
Raised: $114,535
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/14/2023
Close Date
09/12/2023
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment
$101
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.61
Pre-Money Valuation
$4,991,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/24/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,273
# of Investors
216
Momentum
Funded
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Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Revolute Robotics, with a valuation of $4.99 million, is raising funds on StartEngine. The company is developing a robot that can switch between flying and driving. The Hybrid Mobility Robot of Revolute Robotics combines drones and rovers and can both roll on the floor and fly in confined spaces without crashing. Revolute Robotics aims to find applications in security, defense, and inspection and reduce the need to put human life in danger. Collin Taylor founded Revolute Robotics in February 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, working capital, and capital expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$25,050 |
$53,197 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-149,150 |
$-2,503 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,844 |
$17,952 |
|
Accounts Receivable |
$10,943 |
$0 |
|
Total Assets |
$29,945 |
$17,952 |
|
Short-Term Debt |
$24,800 |
$20,454 |
|
Long-Term Debt |
$154,797 |
$0 |
|
Total Liabilities |
$179,597 |
$20,454 |
Financials as of: 06/14/2023
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