The Jet

Early Stage

Luxury intercity motorcoach company featuring the world's first motion-canceling passenger seat

Overview

Raised to Date: Raised: $235,307

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/26/2022

Close Date

02/11/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$185.72

Pre-Money Valuation

$12,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,007

Momentum
Funded
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Year Founded

2022

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Arlington, Virginia

Business Type

Growth

Company Website

The Jet, with a valuation of $12.5 million, is raising funds on SeedInvest. It is a luxury intercity motorcoach company with motion-canceling passenger seats. The motor coaches of Jet feature the patented HoverSeat that has been designed by the Bose engineers, onboard attendants, streaming fast HiFi WiFi, upscale restrooms, and advanced seat reservations. The Jet has achieved $1.94 million in gross revenue since the launch and is on track to cross $2 million in 2022. Chad Scarborough founded The Jet in October 2022. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $50,000, and a maximum target of $1.24 million. The campaign proceeds will be used for equipment acquisition, tech development, marketing, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$123,910

$1,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,116,894

$-462,531

Summary Balance Sheet

FY 2021 FY 2020

Cash

$162,447

$705,824

Accounts Receivable

$0

$0

Total Assets

$3,576,210

$4,146,395

Short-Term Debt

$204,236

$189,730

Long-Term Debt

$962,301

$1,071,274

Total Liabilities

$1,166,537

$1,261,004
Financials as of: 12/26/2022
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The Jet on SeedInvest 2022
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,500,000
Price per Share: $185.72

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Follow The Jet on SeedInvest 2022
View on SeedInvest (Closed)
Deal Analytics
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