Kinectair

The future of flying. The on-demand flight network.

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Security Type
Preferred Stock
Categories
Technology, Travel
Min Investment
$100
Location
VANCOUVER, WA
Offering Date
June 10, 2020
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$5.00M
No. Investors
95
Security Price
$0.11
Deal Notes

$0.0437 per share

$25K+ pro rata right threshold

Valuation
$23,000,000
Website
kinectair.com
Number of Employees
14
Cash
$90,277
Revenue
$0
Short Term Debt
$1,754,079
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-1,346,301

Company Description

KinectAir provides joyful and accessible air travel to everyone that needs to fly. We are establishing the first flexible on-demand flight network, delivering control to passengers over when, where and how they fly.

Perks

$1,000+ for Invitation to investor webinars with Founders. The first 100 investors overall receive a t-shirt and badge
$5,000+ $1,000 KinectAir token towards a flight + one year of Adventure Club membership (US Domestic only).
$10,000+ $2,000 KinectAir token towards a flight + 2 years Adventure Club membership (US Domestic only).
$25,000+ LIMITED TIME – offered through June 8: $2,000 KinectAir token towards KA flight + Adventure Club Day Trip for two with founders on PC12 plus goody bag (departing from select USA and UK locations and dates only) + 2 years Adventure Club membership*. *Investors unable to make the Adventure Club Day Trip dates and locations offered may substitute for $3,000 KinectAir token towards a flight + 2 years Adventure Club membership + zoom 1:1 with founder.

Key Deal Facts

TEAM. We are a global team of aviation entrepreneurs led by Jonathan Evans, an exited tech CEO.
TIMING. Post-COVID airlines pull routes but demand for direct, uncrowded air travel is increasing.
ON-DEMAND. Our 'right-sized' aircraft avoid hubs and access 10x more airfields through a simple App.
SOFTWARE. We scale with AI-driven routing, demand-generation, and booking.
CLEANER. We explore the most exciting hybrid & electric aircraft for clean air travel.
JOYFUL. Join us in re-imagining a better way to fly and own a share in the future of aviation.

Use of Proceeds

If $50,000 is raised:

50% toward general operating expenses; 17.5% toward marketing and brand development, 25% toward aviation operations and regulatory certification, 7.5% toward Wefunder fees.

If $1,000,000 is raised:

45.0% toward platform development, 15% toward marketing and brand development, 15% toward aviation operations and regulatory certification, 17.5% toward general operating expenses 7.5% toward Wefunder fees.

Management Team / Advisory Board Bios

Jonathan Evans
CEO - Chief Executive Officer
KinectAir was conceived by Jonathan, a lifelong aviator. After selling his drone software company, Skyward, to Verizon in February 2017, he assembled this team of aerospace and software experts to go after his dream of an on-demand flight network.

Philip Benjamin Howard
CTO - Chief Technology Officer
A startup veteran who has built teams and brought products to market including a fixed-wing UAS, SaaS image processing, and AI based insights on big data. He formerly worked at Intel Visual/Parallel Group.

Celeste Edman
CRO - Chief Revenue Officer
A transformative leader in the transportation sector with experience merging, optimizing, and exiting tech and mid-market companies. Certified Lean Kanban and Agile methodology, Celeste is also a mentor and champion for Pacific Northwest startups.


Conor Whitehead
Director of Aviation Operations
Conor is a career pilot, Army Veteran, seasoned captain, instructor and leader in aviation. He has flown Army Special Ops Helicopters and wild land firefighting down to KinectAir's Pilatus PC-12. Creating an aviation culture you can trust and love.

Nick Rogers
Chief Commercial Officer
A successfully exited aviation entrepreneur & pilot. Passionate about leading aerospace, future safety, and innovation for next generation air travel using AI, machine learning and connectivity. British Airways Captain | 10,000 hours (747, A320).

Christophe Carriere
Chief Operating Officer
Christophe is a leading startup mentor and adviser with a deep understanding of the legal and M&A space. Formerly a Paris-based ex-M&A lawyer, leading international teams in cross-border transactions and Deputy GC at Valeo Group.

Peter Lucier
General Counsel
A practicing business operations and contracts lawyer, Peter started his career as a litigator in D+O insurance. In parallel he became a successful entrepreneur in real estate and tech startup. As KinectAir GC, he is adept in US aviation law.

Jonathan Natiuk
Creative Director
Natty has 23 years of cross-discipline design and leadership experience. As Creative Director for Skyward, acquired by Verizon, Feb 2017 - he built Skyward's brand from startup to its recent feature in a Super Bowl campaign.

Anneke Tucker
Director of Aviation Development
Anneke is an FAA Airframe & Powerplant technician with inspection authority. She is also an Owner/Founder of Attain Aviation. Her 17+ years in the aviation industry started as Marine Corps Combat Aircrew: OEF & OIF.

Lauren Wilson
Fleet and Safety Manager UK & Europe
Formerly an electronic engineer, Lauren is a leading aviatrix with an eye for precision, enjoyment and safety! Qualified DHC8 pilot, experienced airshow and display pilot for almost ten years, mentor and test pilot journalist.

Chris Rogers
Global Head of Communications
A strategic communications veteran of 15 years. In agency, Chris led some of the worlds most famous technology brands, winning awards across EMEA. He is an investor & exited entrepreneur with Dovetail Lab, a blockchain consent app for medical data.

Deal Notes

$0.0437 per share

$25K+ pro rata right threshold

Amount Raised : $100,552
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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