[Closed for Investment] skyTran, with a valuation of $11 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company is developing an alternative form of transportation to cars that will power on-demand mobility services. The services of skyTran will circumvent traffic and congestion and will operate at a lower cost per mile than other forms of transportation. skyTran’s technology is funded by the US Department of Transportation’s RITA group and incubated at the NASA Ames Research Center. Reid Westwood and John Cole founded skyTran in 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $559,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Deal Terms
- Platform
- OurCrowd
- Start Date
- 12/01/2018
- Close Date
- 01/24/2019
$10,000
$559,000
$10,000
Equity - Common
RegD 506(c)
$11,000,000
Company & Team
Company
- Year Founded
- 2011
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Location
- Mountain View, California
- Company Website
-
Visit Website
Team
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/03/2021 | OurCrowd | $40,000,000 | - | CAFES | Funded | RegD 506(c) |
| 01/01/2020 | OurCrowd | $26,600,000 | - | Equity - Common | Funded | RegD 506(c) |
| 01/24/2019 | OurCrowd | $11,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| 10/11/2018 | OurCrowd | $11,000,000 | - | Equity - Common | Funded | RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.