Zephyr Aerospace

Neutral
BETA

A lie-flat airline seat for Economy Class travelers

Analytics

Raised to Date: $494,578

Aggregate Commitments $
Platform

Republic

Start Date

05/18/2020

Close Date

12/31/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/30/2020

Days Remaining

73

% of Min. Goal

495%

% of Max. Goal

46%

Likelihood of Max
Avg. Daily Raise

$3,664

# of Investors

1,998

Momentum
Location

San Juan, PR

Industry

Travel and Hospitality

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Zephyr Aerospace, with a $5 million valuation cap, is raising funds on Republic. The company has designed a lie-flat seat for the Economy Class of airlines. The patent-pending design is compliant with the social distancing norms and will ensure the comfort and privacy of the economy class travelers. The seat has multi-functional usage, including sitting upright, lounging, and lying completely flat. Zephyr Aerospace was founded by Jeff O’Neil in December 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for R&D to pass certification by the Federal Aviation Association, design development, and sales. Zephyr Aerospace has a partnership with the award-winning aerospace design company Style & Design and is prepared to disrupt the airline industry.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-517,908

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$13,967

$0

Accounts Receivable

$0

$0

Total Assets

$13,967

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 10/18/2020

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