RYSE Aero Tech
Growth Stage
AERIAL ATV
Overview
Raised: $257,149
Total Commitments ($USD)
Platform
Dealmaker Securities
Start Date
08/06/2023
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
Price Per Share
$7.00
Pre-Money Valuation
$121,542,659
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,469
# of Investors
46
Momentum
Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
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 |
Financials as of: 08/06/2023
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