Parallel Flight Technologies

Parallel Flight Technologies

Early Stage

Saving lives, property, and the environment

Saving lives, property, and the environment

Overview

Raised to Date: Raised: $6,505,002

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/15/2020

Close Date

06/30/2021

Min. Goal
$20
Max. Goal
$7,762,500
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$4.67

Pre-Money Valuation

$28,700,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/03/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$22,666

# of Investors

4,776

Momentum
Funded
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

La Selva Beach, California

Business Type

Growth

Parallel Flight Technologies, with a valuation of $28.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created a patent-pending drone technology that will allow drones to carry heavy loads for more than two hours. This will help in saving lives, property, and the environment. Parallel Flight Technologies was founded by Joshua Resnick, David Adams, and Bobby Hulter in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $7,762,500. The proceeds will be used for marketing and sales, research and development, materials, and working capital. Parallel Flight Technologies is led by a strong team and has large market potential. The innovative technology of Parallel Flight Technologies is funded by NASA, NSF, and USDA.

Balance Sheet

Total Assets

$0

Total Liabilities and Equity

$0

Statement of Comprehensive Income Information

Net Income

$0

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Financials as of: 09/15/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Parallel Flight Technologies 05/16/2023 StartEngine $82,358,840 $740,307 Equity - Common Funded RegCF
Parallel Flight Technologies 06/27/2022 StartEngine $175,318,370 $1,304,860 Equity - Common Funded RegCF
Parallel Flight Technologies 06/29/2021 StartEngine $28,700,000 $6,505,002 Equity - Common Funded RegA+
Parallel Flight Technologies 07/27/2020 Wefunder $18,000,000 $350,198 Equity - Common Funded RegA+
Parallel Flight Technologies 01/12/2020 StartEngine $7,980,000 $1,069,794 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Analyst Report Analyst Report Methodology Article

Update

KingsCrowd’s assessment of Parallel Flight Technologies has not substantially changed since we last rated it. Please see the previous Analyst Report to learn more about why Parallel Flight Technologies is a promising investment opportunity.

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Parallel Flight Technologies on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $28,700,000
Price per Share: $4.67

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