Skycart

Skycart

Drones Transporting Life-Saving Supplies

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Security Type
Debt
Categories
Technology
Min Investment
$100
Location
KANSAS CITY, MO
Offering Date
August 19, 2021
Expected Close Date
April 15, 2022
Target Raise
$125.00K-$148.00K
Security Price
$1

Company Description

Skycart is on the frontlines of response, leading the distribution of  vaccines, blood products and other medical supplies with our best-in-class, fully electric delivery drones, to protect those whose lives hang in the balance. By investing in Skycart, you're investing in the mission to give every child access to life-saving supplies, for a chance at a healthy future. We won’t give up until the hardest-to-reach are protected and healthy. Will you stand with us?

Key Deal Facts

$4M in signed purchase orders!
$200K in revenue (2015-2018)
Raised $130K in 2017. UPS Emerging Markets Managing Director BIG investor in this round.
Signed Government LOI to begin Covid-19 vaccine delivery IMMEDIATELY
In 2017 Skycart delivered parcels using Skycart drones in partnership with SwissPost
Two patents (including a GAME-CHANGING multi-delivery patent) and valuable IP
Core team has a combined 80 years of multi-disciplinary engineering experience

Use of Proceeds

  • ($50,000) 89% R&D, Manufacturing, Maintenance 4.5% Miscellaneous 6.5% Wefunder fee
  • ($1,070,000) 53% R&D, Manufacturing, Maintenance 23% Business Development/Scaling 13% Marketing 4.5% Miscellaneous 6.5% Wefunder fee

Management Team / Advisory Board Bios

Simon Yuen, Chief Executive and Technical Officer
26+ years of embedded systems engineering in IOT/machine automation and 11 years of business management. Grew and expanded a transmission remanufacturing operation to 400x gross revenue.

Ziddan El-Qawwas, Director of Operations
Oversaw a UK market leading General Practice Healthcare recruitment firm towards achieving $16.5M in sales.

Stephen Enright, Director of Software and Informatics
25+ years experience in Software Engineering with crypto, data science, securities, MSFT Windows at Workday, Fidelity Investments, IBM, Microsoft
Amount Raised : $219,403
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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