This company is no longer in business. Investors can get details about any potential exits or failures here.

Zummo Flight Technologies

Zummo Flight Technologies

Growth Stage

A Safer More Efficient Rotor Craft System

A Safer More Efficient Rotor Craft System

Overview

Funding data not publicly available
Platform

Dalmore Group

Start Date

09/22/2021

Close Date

Not Provided

Min. Goal
$500
Max. Goal
$18,750,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Early Bird Valuation

$6,577,500

Pre-Money Valuation

$6,577,500

Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Scottsdale, Arizona

Business Type

Growth

Zummo Flight Technologies is raising funds on Dalmore Group through Reg A+ crowdfunding. The company uses its research and development to improve the performance and safety of rotary-wing aircraft, including helicopters and drones. Zummo Flight Technologies has invented and patented the Reaction Jet Drive System (RJDS) technology that eliminates the need for moving parts. The technology of Zummo Flight Technologies makes the aircraft safer, easier to fly, more efficient, quieter, lighter, and less maintenance. Robert Zummo founded Zummo Flight Technologies in 2014. The current crowdfunding campaign has no minimum target and a maximum target of $18,750,000. The campaign proceeds will be used for technology evaluation and testing, preliminary design process, market research, and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents

$30,634

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$30,634

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$0

Total Stockholders' Equity

$-757,993

Total Liabilities and Equity

$30,634

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-121,503

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Junaid Qazi, CPA
Financials as of: 09/22/2021
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Zummo Flight Technologies on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $6,577,500
Price per Share: $5.00

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