ZEVA Aero
Growth Stage
Zero-Emissions Vertical Aircraft
Overview
Raised: $204,868
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/02/2021
Close Date
02/02/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$4.00
Pre-Money Valuation
$56,104,020
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,120
# of Investors
293
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$127,239 |
$205,245 |
|
COGS |
$15,190 |
$33,237 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-201,337 |
$-49,247 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,262 |
$16,983 |
|
Accounts Receivable |
$724 |
$0 |
|
Total Assets |
$10,671 |
$44,144 |
|
Short-Term Debt |
$77,422 |
$60,760 |
|
Long-Term Debt |
$186,900 |
$65,411 |
|
Total Liabilities |
$264,322 |
$126,171 |
Financials as of: 08/02/2021
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