The Jet
About this raise
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.
Investment Overview
Invested : $235,307
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 12/26/2022
- Close Date
- 02/11/2023
$25,000
$1,235,000
$1,000
Equity - Preferred
Seed
RegCF
/ RegD 506(c)
$185.72
$12,500,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,725,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/11/2023 | SeedInvest | $12,500,000 | $235,307 | Equity - Preferred | Funded | RegCF / RegD 506(c) |