bluShift Aerospace

bluShift Aerospace

Early Stage

World's 1st Uber-like, Biofuel Powered, Dedicated Small Space Launch Service

World's 1st Uber-like, Biofuel Powered, Dedicated Small Space Launch Service

Overview

Raised to Date: Raised: $338,697

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/12/2022

Close Date

03/27/2023

Min. Goal
$50,000
Max. Goal
$4,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$18,000,000

Valuation Cap

$20,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/01/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,737

# of Investors

1,628

Momentum
Funded
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Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Brunswick, Maine

Business Type

Growth

bluShift Aerospace, with a valuation of $20 million, is raising funds on Wefunder. It is a commercial rocket company that uses earth-responsible, carbon-neutral, and bio-derived fuel to provide space launch services. The company works as an Uber to space with its suborbital and orbital launch services. bluShift Aerospace is expected to be cash-flow positive in four years, increase its net margin to 50% in seven years, and generate revenues of over $400 million over ten years. Sascha Deri founded bluShift Aerospace in 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4 million. The campaign proceeds will be used for labor expenses, materials and licensing costs for the production of the MAREVL engine, training, R&D, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,000

$135,281

COGS

$3,821

$303,544

Tax

$0

$0

 

 

Net Income

$-983,111

$-210,638

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$165,419

$10,835

Accounts Receivable

$0

$0

Total Assets

$177,895

$12,376

Short-Term Debt

$70,499

$21,309

Long-Term Debt

$1,192,369

$92,929

Total Liabilities

$1,262,868

$114,238

Financials as of: 09/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
bluShift Aerospace 03/26/2023 Wefunder $20,000,000 $338,697 SAFE Funded RegCF
bluShift Aerospace 04/04/2022 Wefunder $18,000,000 $1,071,359 SAFE Funded RegCF
bluShift Aerospace 09/06/2021 Wefunder $18,000,000 $782,609 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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bluShift Aerospace on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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