Hitch on SeedInvest

Electric, fully autonomous farming transport system


Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

10/08/2019

Stop Date

11/29/2019

Days Remaining

100

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

No Review

Kingscrowd Momentum

$

Total Dollars Raised

SEC Filing Data from Kingscrowd

Hitch, with a valuation cap of $10 million, is raising crowdfunding on SeedInvest. The company has developed electric and fully-autonomous robots for the agriculture and farming industry. By using the Hitch robots, farms can automate their transport systems, and reduce labor requirements and increase productivity by 40%. Hitch was founded by Nick Giancola and Ethan Joffe and raised $313,000 in the pre-seed round of funding in 2018. The current crowdfunding round has a total size of $2 million, and the proceeds will be used for product development, marketing, payroll, and G&A expenses. Hitch has signed a letter of intent with HMC Farms for 100 robots and has also signed another LOI with the same company for partnership in research & development.

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