The Jet
Early Stage
Luxury intercity motorcoach company featuring the world's first motion-canceling passenger seat
Overview
$203,549 - RegCF
$553,549 - Total
$553,549 - Total
Total Commitments ($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
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
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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