Parallel Flight Technologies

Deal To Watch
BETA

Saving lives, property, and the environment

Analytics

Raised to Date: $1,689,645

Aggregate Commitments $
Platform

StartEngine

Start Date

09/16/2020

Close Date

02/28/2021

Min. Goal

$20

Max. Goal

$7,762,500

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegA+

Valuation

$28,700,000

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

40

% of Min. Goal

8,448,225%

% of Max. Goal

22%

Likelihood of Max
Avg. Daily Raise

$13,737

# of Investors

1,184

Momentum
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Parallel Flight Technologies, with a valuation of $28.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created a patent-pending drone technology that will allow drones to carry heavy loads for more than two hours. This will help in saving lives, property, and the environment. Parallel Flight Technologies was founded by Joshua Resnick, David Adams, and Bobby Hulter in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $7,762,500. The proceeds will be used for marketing and sales, research and development, materials, and working capital. Parallel Flight Technologies is led by a strong team and has large market potential. The innovative technology of Parallel Flight Technologies is funded by NASA, NSF, and USDA.

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
02/28/2021 StartEngine $28,700,000 $1,689,645 Equity - Common Active RegA+
07/28/2020 Wefunder $18,000,000 $350,198 Equity - Common Confirmed Closed RegA+
01/13/2020 StartEngine $7,980,000 $1,069,794 Equity - Common Confirmed Closed RegCF
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