Skycart

Early Stage

Cost-effective delivery drones

Analytics

Raised to Date: Raised: $201,150

Aggregate Commitments $

Platform

Wefunder

Start Date

07/22/2021

Close Date

11/12/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$19,000,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

55

% of Min. Goal

402%

% of Max. Goal

19%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,468

Momentum
cold
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Location

Tracy, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Skycart, with a valuation cap of $19 million, is raising crowdfunding on Wefunder. The company has cost-effective delivery drones that aim to improve the lives of people in disadvantaged communities. Currently, Skycart drones are being used to distribute vaccines, blood products, and medical supplies in developing countries. Simon Yuen founded Skycart in January 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for R&D, manufacturing, maintenance, marketing, and business development. Skycart has $4 million in signed purchase orders, up from $200,000 in 2015. The company has signed a government LOI to begin COVID-19 vaccine delivery immediately.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-12,630

$-12,659

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$733

$1,060

Accounts Receivable

$0

$0

Total Assets

$98,794

$76,932

Short-Term Debt

$146,746

$146,619

Long-Term Debt

$86,658

$52,297

Total Liabilities

$233,404

$198,916

Financials as of: 07/22/2021
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