XTI Aircraft
Growth Stage
The future is now. Lift Up. Jet Out.
Overview
Raised: $902,307
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/16/2019
Close Date
04/30/2021
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment
$450
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.50
Pre-Money Valuation
$51,470,577
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,805
# of Investors
791
Momentum
Funded
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Year Founded
2009
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
XTI Aircraft is raising funds on StartEngine via Equity with a $51.5 million valuation cap. The team at XTI Aircraft has created a hybrid electric vertical takeoff and landing aircraft called the TriFan 600. The TriFan 600 is faster and has greater range than traditional aircrafts and seats 6. As of now, the team is still in the conceptual and preliminary design phase of the aircraft and is focusing on financing initiatives. 80 orders have already been placed in presale. Each plane costs from $6-8M. The minimum investment amount for XTI Aircrafts is $450 and the minimum target for the round is $9999.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,798,753 |
$-3,192,836 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$556,847 |
$436,973 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$848,970 |
$601,934 |
|
Short-Term Debt |
$1,033,619 |
$1,461,929 |
|
Long-Term Debt |
$916,485 |
$0 |
|
Total Liabilities |
$1,950,104 |
$1,461,929 |
Financials as of: 12/16/2019
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