skyTran
Early Stage
Truly Upward Mobility
Overview
Platform
OurCrowd
Start Date
12/01/2018
Close Date
01/24/2019
Min. Goal
$10,000
Max. Goal
$559,000
Min. Investment
$10,000
Security Type
Equity - Common
SEC Filing Type
RegD 506(c)
Pre-Money Valuation
$11,000,000
Year Founded
2011
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Location
Mountain View, California
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.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| skyTran | 03/03/2021 | OurCrowd | $40,000,000 | - | CAFES | Funded | RegD 506(c) |
| skyTran | 01/01/2020 | OurCrowd | $26,600,000 | - | Equity - Common | Funded | RegD 506(c) |
| skyTran | 01/24/2019 | OurCrowd | $11,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| skyTran | 10/11/2018 | OurCrowd | $11,000,000 | - | Equity - Common | Funded | RegD 506(c) |
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