Zephyr Aerospace

Zephyr Aerospace

A lie-flat airline seat for Economy Class travelers

Print
Security Type
Crowd SAFE
Min Investment
$100
Offering Date
April 09, 2020
Expected Close Date
October 09, 2020
Target Raise
$100.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

Economy class hasn’t evolved - Most airline seats haven’t changed since the 1970’s. 99% of all Economy Class seats are fixed upright and impossible to sleep in. They force unnatural postures over long periods of time and can damage health. Business class is too expensive - Upgrading is not an option for the majority of travelers due to the prohibitively high cost. For travelers willing to pay more for comfort, Premium Economy Class seating offers glorified economy seats that only give a few extra inches of leg space – with no lie-flat feature. Travelers just want to sleep - Airlines try to justify higher fares by bundling perks like in-flight meals, lounge access and extra baggage allowance. In a study we conducted, 70% of travelers would trade… Read more Solution Zephyr, a lie-flat seat designed for everyone - Zephyr is a lie-flat seat designed for Economy Class travelers on long distance flights. - Our patent pending design introduces a social-distancing compliant seating module that will disrupt the entire airline industry and make flying great again for all travelers.

Key Deal Facts

A lie-flat, social distancing compliant seat for airlines
Retrofits existing commercial aircraft (Boeing and Airbus)
Provisional international patents filed for seat design and utility
Partnership with award winning aerospace design company Style & Design
Increases ancillary revenue for airlines by 30%+

Use of Proceeds

  • Engineering, Research & Development: 80%
  • Sales & Marketing: 14%
  • Intermediary Fee: 6%

Management Team / Advisory Board Bios

Jeffrey O'Neill - Founder

Sukhmen Nijjar - Marketing Advisor

Paul Wylde - Advisor

Deal Notes

Discount: 20%

Amount Raised : $739,309
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments