Parallel Flight Technologies on StartEngine

Saving lives, property, and the environment

Raise to date: $1,069,916

Reporting Date: 12/04/2019

Key Stats

Minimum Raise

$9,999

Maximum Raise

$1,069,999

Likelihood of Max Extremely
Start Date

10/11/2019

Stop Date

01/13/2020

Days Remaining

38

Security Type

Equity

Investment Minimum

$294

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

1,186

% of Minimum Raised

10,700%

% of Maximum Raised

100%

Dollars Per Day to Reach Max

$2

DPD* Committed

$19,813

DPD* Category

$138

DPD* All Companies

$1,428

Kingscrowd Momentum

$1,069,916

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Parallel Flight Technologies, with a pre-money valuation of $7.98 million, is raising funds on StartEngine. The company has built a patent-pending drone technology that will be used in fighting wildfires, logistics, and search and rescue missions. The drones of Parallel Flight Technologies will be able to carry heavy loads for over two hours. Parallel Flight Technologies was founded by Joshua Resnick in 2018. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000. Parallel Flight Technologies has a partnership with NASA wherein it has received a Phase 1 grant to continue its prototype development. The company is on its way to save lives, property, and the environment and has won several prestigious innovation awards.

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