Hitch Robotics on SeedInvest

Autonomous farm robots for the cannabis industry

Raise to date: $175,600

Reporting Date: 01/22/2020

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

12/18/2019

Stop Date

02/21/2020

Days Remaining

29

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

Not Known

% of Minimum Raised

702%

% of Maximum Raised

16%

Dollars Per Day to Reach Max

$30,841

DPD* Committed

$5,017

DPD* Category

$0

DPD* All Companies

$1,131

Kingscrowd Momentum

$175,600

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

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. 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. The minimum investment amount for Hitch is $1000 and the minimum target for the round is $25000.

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