Zephyr Aerospace
Early Stage
A lie-flat airline seat for Economy Class travelers
Overview
Raised: $765,278
Total Commitments ($USD)
Platform
Republic
Start Date
05/17/2020
Close Date
12/31/2020
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,371
# of Investors
2,553
Momentum
Funded
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Year Founded
2019
Industry
Travel and Hospitality
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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 |
Financials as of: 05/17/2020
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