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Security Type
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Common Stock
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Categories
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Transportation & Storage
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Min Investment
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$200
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Offering Date
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August 03, 2021
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Expected Close Date
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February 02, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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293
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Security Price
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$4
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Valuation
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$56,100,000
- Number of Employees
- 25
- Cash
- $5,262
- Revenue
- $127,239
- Short Term Debt
- $77,422
- Cost of Goods
- $15,190
- Long Term Debt
- $186,900
- Net Income
- $-201,337
Company Description
We design and build electric aircraft for true point to point travel. Our larger mission is to fundamentally transform the way people get around by providing sustainable air vehicles for daily personal use - giving everyone the freedom to fly everyday.
Key Deal Facts
We believe eVTOL vehicles will lead to the largest market opportunity of our lifetimes.
ZERO plans on being the fastest way to safely get anywhere within a 50 mile radius by traveling over 160 miles per hour.
Our first goal is to sell 500 vehicles by 2025 into the first responder and defense markets, which has the potential to provide a total revenue of $125 million dollars.
Management Team / Advisory Board Bios
Stephen Tibbitts, President & CEO
Private pilot and electrical engineer. Raised more than $4 million in non-dilutive R&D contracts. Held multiple director level and management positions. Consulted for world top semiconductor companies. Advisor for NASA AAM Working groups #3 & #4. BSEE Washington State University
Gurbir Singh, CTO & VP of Battery Engineering
27-year career at Intel. As senior principal engineer, managed team of 32 engineers with an annual budget of $23m. Managed development lab with annual budget of $12.5m. Responsible for invention of multiprocessor technology used in most contemporary servers. Holds 29 US and three international patents. MS Electrical Engineering - Clemson University
Don Mclane, VP of Controls Engineering
Senior Lab Support Engineer and Lecturer at the University of Washington Tacoma for over 20 years. Industry experience designing control systems. Organizer of the Pacific Rim Collegiate Cyber Defense Competition. MS Electrical Engineering - Notre Dame
Fred Bills, COO & Head of IP
USPTO registered patent agent with 10+ years of operations and IP law firm experience
Developed company-wide workflows for firm managing millions of dollars in IP assets
Co-founder of 50-lbs capacity eVTOL cargo-drone startup
Lead design engineer of electric 8-ft fixed-wing drone team
BA Advertising - University of Nebraska
BS Mechanical Engineering - NYU