LIFT Plane on StartEngine 2022

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LIFT Plane on StartEngine 2022


Safety Kind

Fairness – Frequent

Pre-Cash Valuation

$270,000,000

Reporting Date

10/06/2022

Chance of Max

Momentum

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Business

Transportation, Automotive, Aviation, & Aerospace

LIFT Plane, with a valuation of $270 million, is elevating funds on StartEngine by Reg A+ crowdfunding. The corporate has created a drone for those who is main the city air mobility revolution. LIFT makes use of distributed electrical propulsion know-how, autonomous flight management techniques, and its patented design to create the non-public drone. LIFT Plane is within the pre-commercial stage and has 4,000 pay as you go flight reservations and 11,000 individuals on waitlists to fly HEXA in 25 US cities. Matt Chasen based LIFT Plane in September 2017. The present crowdfunding marketing campaign has a most goal of $10,350,000. The marketing campaign proceeds will likely be used for plane building, gear buy, location building charges, tour asset purchases, R&D, and growth of working areas.

Stability Sheet

Money and Money Equivalents

$1,093,543

Accounts and Notes Receivable

$447,198

Whole Property

$8,219,539

Accounts Payable & Accrued Liabilities

$365,714

Lengthy Time period Debt

$1,770,000

Whole Liabilities

$10,988,551

Whole Stockholders’ Fairness

$-2,769,012

Whole Liabilities and Fairness

$8,219,539

Assertion of Complete Revenue Info

Whole Revenues

$2,721,375

Prices & Bills Relevant to Rev

$229,597

Depreciation and Amortization

$921,980

Web Revenue

$-1,552,082

Earnings Per Share – Fundamental

$-0.01

Earnings Per Share – Diluted

$-0.01

Auditor: IndigoSpire CPAs & Advisorrs

Financials as of: 10/04/2022

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Increase Historical past

LIFT Plane 10/04/2023 StartEngine $270,000,000 $0 Fairness – Frequent
Lively
RegA+
LIFT Plane 04/27/2022 StartEngine $188,821,430 $4,987,058 Fairness – Frequent
Funded
RegCF

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