XTI Aircraft

Neutral
BETA

The future is now. Lift Up. Jet Out.

Analytics

Raised to Date: $335,123

Aggregate Commitments $
Platform

StartEngine

Start Date

12/17/2019

Close Date

12/14/2020

Min. Goal

$9,999

Max. Goal

$1,070,000

Min. Investment

$450

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$51,470,577

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

10

% of Min. Goal

3,352%

% of Max. Goal

31%

Likelihood of Max
Avg. Daily Raise

$955

# of Investors

320

Momentum
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

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

Ratings

last updated 12/03/2020

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