Wave Motion Launch
Early Stage
Non-Rocket Space Launch
Overview
Raised: $141,109
Total Commitments ($USD)
Platform
Spaced Ventures
Start Date
07/20/2022
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$499
# of Investors
129
Momentum
Funded
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Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Location
Everett, Washington
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: 07/20/2022
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