ZEVA Aero
About this raise
ZEVA Aero, with a pre-money valuation of $56.1 million, is raising funds on StartEngine. The company designs and builds electric aircraft for point-to-point travel. The purpose of ZEVA Aero is to provide sustainable air vehicles to people for daily personal use. Stephen Tibbitts founded ZEVA Aero in May 2018. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used to continue indoor tethered testing and growth. ZEVA Aero plans on being the fastest way to travel within a 50-mile radius by traveling over 160 miles per hour. The company aims to sell 500 vehicles by 2025 in the first responder and defense markets and earn total revenue of $125 million.
Investment Overview
Invested : $204,868
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/03/2021
- Close Date
- 02/02/2022
$10,000
$1,070,000
$200
Equity - Common
Pre-Seed
RegCF
$4.00
$56,104,020
Company & Team
Company
- Year Founded
- 2018
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -38% YoY
- $127,239
- Monthly Burn
- $16,778
-
Runway
- 0.3 months
- Gross Margin
- 88%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/02/2022 | StartEngine | $56,104,020 | $204,868 | Equity - Common | Funded | RegCF |