The Jet

Early Stage

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

Overview

Raised to Date:
$203,549 - RegCF
$553,549 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/26/2022

Close Date

02/15/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegCF / RegD 506(c)

Price Per Share

$185.72

Pre-Money Valuation

$12,500,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

13

% of Min. Goal

814%

% of Max. Goal

16%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,357

Momentum
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Location

Arlington, Virginia

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

Most Recent Year Prior Year

Revenue

$123,910

$1,000

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,116,894

$-462,531

Summary Balance Sheet

Most Recent Year Prior Year

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
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Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,500,000

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