Wave Motion Launch
Early Stage
Non-Rocket Space Launch
Overview
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
Avg. Daily Raise
$699
# of Investors
87
Momentum
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.