Wave Motion Launch

Early Stage

Non-Rocket Space Launch

Overview

Raised to Date: Raised: $136,229

Total Commitments ($USD)

Platform

Spaced Ventures

Start Date

07/21/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

136%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$699

# of Investors

87

Momentum
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Location

Everett, Washington

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Wave Motion Launch is raising on Spaced Ventures. The raise went live from Testing the Waters on 10/31/2022. The company has developed an affordable, safe, and fast method to get payloads to orbital speeds without the need for onboard propellants. The patented launcher of Wave Motion Launch, Jet-Gun, uses a hypervelocity stream of propellant to thrust vehicles at a supersonic speed. Wave Motion Launch has a $1.35 million OTA contract with the US Navy and received the NSF I-Corps award for customer discovery in 2020. Finn Van Donkelaar founded Wave Motion Launch in January 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for materials and equipment, personnel, rent and facilities, overhead cost, test and consumables, and operating costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,675

$-14,860

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$481

$1,454

Accounts Receivable

$0

$0

Total Assets

$481

$1,454

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/21/2022
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Wave Motion Launch on Spaced Ventures 2022
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Platform: Spaced Ventures
Security Type: Convertible Note

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