Universal Transit

Universal Transit

Early Stage

Reinventing Auto Transportation with AI, saving millions in time and resources

Reinventing Auto Transportation with AI, saving millions in time and resources

Overview

Raised to Date: Raised: $10,750

Total Commitments ($USD)

Platform

Republic

Start Date

04/23/2024

Close Date

08/05/2024

Min. Goal
$400,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$28,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

78

% of Min. Goal

3%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$430

# of Investors

19

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Location

Manalapan Township, New Jersey

Universal Transit, with a valuation of $28 million, is raising funds on Republic. The company has developed an AI-based platform for efficient and profitable auto transportation. Universal Transit uses machine intelligence to increase performance and efficiency across on-time pickups and deliveries, route profitability, and load-carrying capacity rate. The business has a carrier and broker network of over 2,500 and generated $9.6 million in revenue in 2023. Giorgi Milorava founded Universal Transit in October 2020. The current crowdfunding campaign has a minimum target of $400,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales and marketing, core technology and product development, and trucks and trailers.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$9,681,210

$8,078,169

COGS

$5,383,838

$6,047,614

Tax

$9,527

$8,939

 

 

Net Income

$44,850

$36,069

Summary Balance Sheet

FY 2023 FY 2022

Cash

$57,621

$6,943

Accounts Receivable

$239,697

$0

Total Assets

$2,415,353

$839,690

Short-Term Debt

$691,823

$593,621

Long-Term Debt

$1,432,610

$0

Total Liabilities

$2,124,433

$593,621

Financials as of: 04/23/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Universal Transit on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $28,000,000

Follow company

Follow Universal Transit on Republic 2024

Buy Universal Transit's Deal Report

Universal Transit Deal Report

Get KingsCrowd’s comprehensive report on Universal Transit including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Universal Transit is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Universal Transit deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge