RYSE Aero Tech

RYSE Aero Tech

Closed: Jan. 2024

About this raise

RYSE Aero Tech is raising funds on Dealmaker Securities. The company has developed its eVTOL aircraft, the RECON, to bring the power of flight where it is most needed. RYSE Aero Tech aims to make personal and electrical flight as common as driving and deliver a solution to the world’s transportation needs. RECONs are being used by common people for collecting special pictures, getting around a farm without destroying crops, and having fun. Mick Kowitz founded RYSE Aero Tech in November 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for building out the manufacturing space, research and development, marketing, and administrative expenses.

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Investment Overview

Invested this round: $257,149

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
08/07/2023
Close Date
01/29/2024
Min. Goal
$25,000
Max Goal
$5,000,000
Min. Investment

$1,001

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.00

Pre-Money Valuation

$121,542,659

Company & Team

Company

Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
MASON, Ohio
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Mick Kowitz
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$303,053
 Runway
1.3 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,636,634

$-565,949

Summary Balance Sheet

FY 2022 FY 2021

Cash

$381,512

$729,585

Accounts Receivable

$20,993

$0

Total Assets

$1,091,676

$756,259

Short-Term Debt

$3,760,206

$62,208

Long-Term Debt

$274,053

$0

Total Liabilities

$4,034,259

$62,208

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,850,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/29/2024 DealMaker Securities $121,542,659 $257,149 Equity - Common Funded RegCF
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Add to portfolio
RYSE Aero Tech on Dealmaker Securities 2023
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $121,542,659
Price per Share: $7.00

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