{"data":{"type":"company_profile","id":75660,"entity_id":"wefunder:company:75660","attributes":{"canonical_url":"https://wefunder.com/skycart","generated_at":"2026-06-18T07:40:13Z","updated_at":"2026-06-18T05:03:03Z","entity_ids":{"company":"wefunder:company:75660","slug":"wefunder:company_slug:skycart"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-18T07:40:13Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-18T05:03:03Z","as_of":"2026-06-18T07:40:13Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-18T05:03:03Z","as_of":"2026-06-18T07:40:13Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-18T07:40:13Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-18T07:40:13Z","confidence":"medium"}}},"company":{"id":75660,"entity_id":"wefunder:company:75660","slug":"skycart","name":"Skycart","tagline":"Deliver instantly to anywhere: autonomous aircraft delivery to save lives!","elevator_pitch":"We use multi-payload drones to deliver vaccines and other medical supplies to those in need.","story":"1. The problem: in disconnected communities, 65% patients do not have access to\u0026nbsp;medical supplies at the facility level\u0026nbsp;because of underdeveloped roads2. The solution: our drone products can give\u0026nbsp;an\u0026nbsp;additional 22,800,000\u0026nbsp;people access\u0026nbsp;to healthcare in Africa through it's health facilities, by\u0026nbsp;bridging these communities to supplies.Skycart's 'Just-in-time' delivery service\u0026nbsp;reduces inventory holding time. This\u0026nbsp;results in 30% reduction in inventory holding costs.Skycart drones reduce response times by ⏰80%, so\u0026nbsp;products don't\u0026nbsp;need to be stockpiled at hospitals. This reduces expiries by\u0026nbsp;9%.Skycart drones save about $0.03 per km on the costly last mile of delivery. This corresponds to about $4,129 in savings per drone per year. 3. Fortunately, our products are a perfect fit for these communitiesGovernment agencies will help us to expedite regulationsWe will get support from humanitarian organisations4. And our early customer Litmus test is designed to identify them5. Accordingly, we have calculated our Total Addressable Market Letter from our CEO\u0026nbsp;📝Dear Wefunder Investor,No one is safe from COVID-19 until everyone is safe. The richest countries known as the G7 will be on track to vaccinate their adult population by December. Meanwhile, less than 1% of vaccines are reaching vulnerable people in developing countries, allowing more deadly variants of the virus to develop. Deadly surges are causing health facilities to buckle under enormous strain and\u0026nbsp;oxygen supplies are running out. This is the time for everyone to come together, because only together we can stop the devastation. It’s our collective duty.\u0026nbsp;\u0026nbsp;Skycart is on the frontlines of response, leading the distribution of\u0026nbsp; vaccines, blood products\u0026nbsp;and other medical supplies\u0026nbsp;with our best-in-class, fully electric drones,\u0026nbsp;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 lifesaving\u0026nbsp;supplies, for a chance at a healthy future.\u0026nbsp;We won’t give up until the hardest-to-reach are protected and healthy. Will you stand with us?You're joining notable investors, investing in the most cost-effective and technologically advanced drone on the market. As we grow, your securities in Skycart will be your stake in the future of delivery. We don’t know if we will\u0026nbsp;do\u0026nbsp;another crowdfund again as we expect to Skyrocket to venture scale territory after this offering! It’s quite possible that this will be the last chance for non Venture investors like you to own a piece of Skycart before we take off, so\u0026nbsp;we don't want you feeling left\u0026nbsp;behind.\u0026nbsp;**The video below\u0026nbsp;shows\u0026nbsp;previous iterations our drones**Highlight 1:\u0026nbsp;Skycart and Swisspost\u0026nbsp;pilot project...**The video below shows previous iterations our drones**Highlight 2: 💰$4M in current orders...Highlight 3: Letter's Of Intent totalling $23M6. ...The higher level story\u0026nbsp;📖7. Historic events are transforming the delivery man🚶‍♂️into autonomous vehicles,\u0026nbsp;because\u0026nbsp;delivery today is too expensive.80% of parcels will be delivered by autonomous vehicles in the next decade.8. Most investments in these\u0026nbsp;autonomous vehicles\u0026nbsp;serve the 'Golden Billion', yet developing countries\u0026nbsp;are the fastest growing segment.Big tech and fortune 500 making huge investments in drones: Amazon, Google\u0026nbsp;etc.Few of these investments serve customers in developing countries 9. Furthermore, our patented\u0026nbsp;drone design\u0026nbsp;has a\u0026nbsp;demonstrable impact on customers and stakeholders\u0026nbsp;by delivering Four packages in one trip.(I) Customers20% cost saving per km compared to other drone competitors.52.5% reduction in the number of unused drones at drone hub's.Up to 75% reduction in costs associated with component replacement and the number of pilots in command.\u0026nbsp;(II) RegulatorsReduction in drone traffic in the skies by up to 75% to combat drone congestion concerns.10. Plus, we offer safety, reliability and easy mission planning with Skycart's patented cloud software\u0026nbsp;☁️.Groundbreaking levels of sophistication in Air Traffic Management capabilities to track multiple deliveries per trip.An extremely high degree of reliability and safety.11. And, we are\u0026nbsp;ahead of\u0026nbsp;the competition;\u0026nbsp;we\u0026nbsp;have\u0026nbsp;the best spec'ed drone.\u0026nbsp;💨 (actual performance spec's may change slightly)\u0026nbsp;12. We create highly profitable commercial agreements with governments for our logistic services\u0026nbsp;😎Agreements priced according to a per-KM basis with a minimum number of KM's agreed upon.13. In doing so, we are\u0026nbsp;building a healthy future for people and the\u0026nbsp;planet\u0026nbsp;🍃We are creating a green\u0026nbsp;delivery service. Deliver instantly to anywhere with using our\u0026nbsp;a\u0026nbsp;smartphone app.\u0026nbsp;\u0026nbsp;We plan to develop plane-size cargo drones in the future!14. We believe you will get more than 21X Return On Investment\u0026nbsp;in 5 years! 📈(not guaranteed)$100 investment = $2100+ return (not guaranteed)$1,000 investment = $21,000+ return (not guaranteed)$10,000 investment = $210,000+ return (not guaranteed)$100,000 investment = $2,100,000+ return (not guaranteed)15. So Join us 🍻, and\u0026nbsp;say \"I was there when Skycart was built!\"\u0026nbsp;","location":"San Jose, CA","website":"https://www.skycart.net","total_amount_raised":134853,"total_investors":123,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/skycart","https://www.skycart.net"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/75660/xxl_cropped_skycart_Render_6.30_5.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/75660/large_cropped_logo.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/75660/standard_cropped_skycart_Render_6.30_5.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/75660/standard_cropped_skycart_Render_6.30_5.jpg","profile_video_url":"https://wefunder.wistia.com/medias/6ldaiwhhft"},"links":{"company_url":"https://www.skycart.net","twitter_url":"http://twitter.com/skycartdrones","facebook_url":"https://www.facebook.com/skycartinc","instagram_url":"https://www.instagram.com/skycart.drones/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"💰 $4M in signed purchase orders and $23M in Government LOIs!"},{"index":2,"claim_id":"claim-fact-2","value":"📈 $200K in revenue (2015-2018), Pre-Series A, raising bridge."},{"index":3,"claim_id":"claim-fact-3","value":"💸 Raised $130K in 2017. UPS Emerging Markets Managing Director BIG investor in this round."},{"index":4,"claim_id":"claim-fact-4","value":"🌱 Our responsible Fully Electric \"GREEN\" Solution helps address Climate Change affecting the world."},{"index":5,"claim_id":"claim-fact-5","value":"📦 Delivered packages in partnership with SwissPost"},{"index":6,"claim_id":"claim-fact-6","value":"💻 Two patents (including a GAME-CHANGING multi-delivery patent) and valuable IP"},{"index":7,"claim_id":"claim-fact-7","value":"💪 Core team has a combined 80 years of multi-disciplinary engineering experience"},{"index":8,"claim_id":"claim-fact-8","value":"🚀 One Skycart Delivery Drone replaces FOUR competing drones! Huge savings and less air congestion."}],"team":[{"id":1343247,"entity_id":"wefunder:company_role:1343247","user_entity_id":"wefunder:user:1324328","role":"founder","name":"Simon Yuen","title":"Chief Executive and Technical Officer","bio":"25+ years of embedded systems engineering in IOT/machine automation and 11 years of business management. 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An International business leader with expertise in developing, implementing and executing growth strategies that optimize commercial development in Europe, Asia, Americas, Middle East, and Africa.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1844758/square_cropped_Philippe%2BGrosboispng.jpg?1626284542","profile_url":"https://wefunder.com/philippegrosbois","linkedin_url":"https://www.linkedin.com/in/philippegrosbois/","related_urls":["https://wefunder.com/philippegrosbois"]},{"id":3477099,"entity_id":"wefunder:company_role:3477099","user_entity_id":"wefunder:user:1433131","role":"employee","name":"Rodgers Okeya, CFE","bio":"Director Africa Operations for Skycart. Anti-fraud professional with experienced in market research, logistics and a passion in technology.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1433131/large_cropped_9A27122C-E406-4E45-BCCF-E3437E128A10.jpg?1679593877","profile_url":"https://wefunder.com/rodgersokeya","related_urls":["https://wefunder.com/rodgersokeya"]}],"featured_investors":[{"id":5526,"entity_id":"wefunder:company_investor_profile:5526","investor_profile_id":975540,"investor_profile_entity_id":"wefunder:investor_profile:975540","subject_entity_id":"wefunder:user:1447719","name":"Philippe Grosbois","bio":"VP Commercial Operations - Trade Advisor - Global Citizen","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1447719/medium_cropped_54A17019-ECE8-4F56-B3FC-F49ED36E9EF6.jpg","profile_url":"https://wefunder.com/philippegrosbois","investment_total":25000,"investment_info":"Invested $25,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/philippegrosbois"]}],"investor_memos":[],"tab_counts":{"posts":7,"ask_questions":9,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":40608,"entity_id":"wefunder:fundraise:40608","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-07-21T22:03:28Z","funding_closed_at":"2022-01-22T05:01:53Z","auto_close_at":"2022-01-22T04:59:59Z"},{"id":40609,"entity_id":"wefunder:fundraise:40609","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":100000.0,"funding_started_at":"2021-05-01T21:47:23Z"}],"latest_fundraise":{"id":40608,"entity_id":"wefunder:fundraise:40608","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-07-21T22:03:28Z","funding_closed_at":"2022-01-22T05:01:53Z","terms":{"eb":"$18M","nb":"$19M","txt":"valuation cap"}},"recent_posts":[{"id":150682,"entity_id":"wefunder:feed_item:150682","type":"FeedItem::Update","visibility":"public","title":"We're a finalist!-- Healthcare Smart Logistics Challenge","preview":"Dear Investors,Exciting news!\u0026nbsp;Skycart has been invited by UPS, DP World and Astrolabs to compete as a finalist in the Healthcare Smart Logistics Challenge in Dubai, UAE.\u0026nbsp;At the event we'll be presenting our technology to a panel of distinguished judges including:Mike Bhaskaran - Chief Technology Officer, DP WorldJean-Francois Condamine - President High Growth and Emerging Markets, UPSPatrick van der Loo - Regional President Africa Middle East, PfizerRoland Daher – CEO and Co-founder...","published_at":"2021-11-27T11:58:52Z","author_name":"Jenny Lu","url":"/feed/150682","canonical_url":"https://wefunder.com/feed/150682"},{"id":150402,"entity_id":"wefunder:feed_item:150402","type":"FeedItem::Update","visibility":"public","title":"New Facebook Live with Ziddan and Rodgers!","preview":"Hi Investors,We're happy to present to you another Facebook Live with our team members Ziddan and Rodgers, answering some of your top questions.\u0026nbsp;You can watch the full stream here!\u0026nbsp;Or check out a specific topic of interest from the timestamps below:0-2:45: Introduction. What does Skycart do as a company?2:46-9:49: What make a drone a good delivery vehicle?9:50-1:22: Why is the last mile delivery problem in Africa an important problem to solve?11:45-17:45: Why is Skycart a good compa...","published_at":"2021-11-14T07:26:10Z","author_name":"Jenny Lu","url":"/feed/150402","canonical_url":"https://wefunder.com/feed/150402"},{"id":150081,"entity_id":"wefunder:feed_item:150081","type":"FeedItem::Update","visibility":"public","title":"New Partnership with Drone Space!","preview":"Dear Investors,Sorry for the short hiatus, we’ve been very busy over here at the Skycart HQ.\u0026nbsp; But we have some exciting news!Skycart has just signed an MOU with Drone Space, a drone training organization licensed by the Kenya Civil Aviation Authority, and the ONLY drones training school in Nairobi, Kenya.What does this partnership entail?\u0026nbsp; Skycart will provide drones to Drone Space, who will use these drones to provide advanced training to qualified drone pilots in Kenya.\u0026nbsp; Thes...","published_at":"2021-11-03T00:20:25Z","author_name":"Jenny Lu","url":"/feed/150081","canonical_url":"https://wefunder.com/feed/150081"},{"id":148948,"entity_id":"wefunder:feed_item:148948","type":"FeedItem::Update","visibility":"public","title":"Q\u0026amp;A Every Wednesday at 9am PST!","preview":"Hi Investors!\u0026nbsp; We're excited to announce that every Wednesday at 9am PST, we will be doing a live Q\u0026A on Facebook!\u0026nbsp; Here, you can ask any questions you might have about what we're up to, where we're headed, or anything else on your mind!\u0026nbsp; Hope to see you there!Link to our last FB live: fb.watch/8I8DKTtzvU/Link to catch our next one!:\u0026nbsp; facebook.com/skycartinc","published_at":"2021-10-17T18:23:28Z","author_name":"Jenny Lu","url":"/feed/148948","canonical_url":"https://wefunder.com/feed/148948"},{"id":148487,"entity_id":"wefunder:feed_item:148487","type":"FeedItem::Update","visibility":"public","title":"We Hit our First Goal!","preview":"Exciting news team: we quickly reached our first funding goal of $200,000!\u0026nbsp;We want to thank you for joining our mission to increase access to medical care and believing in Skycart to be the leader of commercial drone deliveries.\u0026nbsp; To help keep the momentum going we’d love if you share our page with your family and friends and let them know why you’ve invested.\u0026nbsp;\u0026nbsp;","published_at":"2021-09-13T22:49:49Z","author_name":"Jenny Lu","url":"/feed/148487","canonical_url":"https://wefunder.com/feed/148487"},{"id":148072,"entity_id":"wefunder:feed_item:148072","type":"FeedItem::Update","visibility":"public","title":"Partnership with Kisumu County!","preview":"Dear Investors,Skycart is happy to announce that we are moving forward with a pilot in Kisumu County, Kenya to begin medical supply deliveries with Skycart drones.\u0026nbsp;Our next meeting will establish Phase 1: Advocacy \u0026 Testing to test the safety and feasibility of our Nimbus drone, which would lead to full deployment of our drones across the county.\u0026nbsp; We will be working directly with the Kisumu County Government to transport the necessary supplies to hospitals within the region.Thank yo...","published_at":"2021-08-26T20:45:09Z","author_name":"Jenny Lu","url":"/feed/148072","canonical_url":"https://wefunder.com/feed/148072"},{"id":147176,"entity_id":"wefunder:feed_item:147176","type":"FeedItem::Update","visibility":"public","title":"Introducing our Lead Investor","preview":"Dear Investors,Good afternoon!\u0026nbsp;\u0026nbsp;The team at Skycart is excited to announce that\u0026nbsp;Philippe Grosbois, the former\u0026nbsp;Country Managing Director of UPS with over 27 years of experience in logistics, will take on the role as our\u0026nbsp;Lead Investor.\u0026nbsp;Here's what Philippe has to say about Skycart:\"I am investing in Skycart as its multi-talented and international core team has an innovative vision on what I believe will be a game-changer multi-delivery drone. I love the passion of ...","published_at":"2021-07-30T21:07:40Z","author_name":"Jenny Lu","url":"/feed/147176","canonical_url":"https://wefunder.com/feed/147176"}],"q_and_a":[{"id":178621,"entity_id":"wefunder:comment:178621","question":"Exactly how many people did you message on linkedin asking to fund this wefunder, and how did you decide those exact people were the right people to direct here? It's critical to know what sort of company I would be investing with.","author_name":"Shelling Ford","votes":1,"created_at":"2021-11-10T15:54:33Z","canonical_url":"https://wefunder.com/skycart#question-178621","answers":[{"id":178666,"entity_id":"wefunder:comment:178666","answer":"Hi Warren, Thank you for your question! We prioritise reaching out to investors who list relevant interest's on their Wefunder page and who have relevant Wefunder investment portfolio's. It's time consuming, but we love reaching out personally to potential investors as gives them an opportunity to have a conversation with us, over phone, zoom or just over chat, before they chose to invest. If you would like to find out more about us, we hold a Facebook live event every week on our facebook page. Here, you can meet the team and ask any questions you might have about what we're up to, where we're headed, or anything else on your mind! We'd love to see you there! You can catch our next live here: facebook.com/skycartinc.","author_name":"Ziddan El-Qawwas","votes":1,"created_at":"2021-11-10T17:50:35Z"}]},{"id":228718,"entity_id":"wefunder:comment:228718","question":"It's been more than a year without any update on this venture, would all investors just say \"goodby\" to our seed money?","author_name":"Gerardo LOPEZ","votes":0,"created_at":"2022-12-15T18:19:54Z","canonical_url":"https://wefunder.com/skycart#question-228718","answers":[{"id":228741,"entity_id":"wefunder:comment:228741","answer":"Hello Gerardo,\u0026nbsp; I can see that Skycart's previous investor update did not get sent to you. I am very sorry about that. We use Hubspot to send our email updates. Sometimes Hubspot will not send emails to certain contacts. In your case, Hubspot did not send our last update to you\u0026nbsp;because one of our previous\u0026nbsp;emails that was sent to your inbox 'bounced' (meaning it did not get delivered).\u0026nbsp; Please can you provide us with your current email address (you can send us an email at info@skycart.net if you prefer)? We will re-send the most recent update- and all future updates- to the email address you provide.\u0026nbsp; Thank you!","author_name":"Ziddan El-Qawwas","votes":0,"created_at":"2022-12-15T20:43:40Z"}]},{"id":189672,"entity_id":"wefunder:comment:189672","question":"Hello, I need more clarification on this information? ( $4M in signed purchase orders and $23M in Government LOIs!)","author_name":"Omar ALSHARIF","votes":0,"created_at":"2022-01-25T07:31:20Z","canonical_url":"https://wefunder.com/skycart#question-189672","answers":[{"id":250394,"entity_id":"wefunder:comment:250394","answer":"Hello Omar, Apologies for late response. Unfortunately, our crowdfunding campaign on Wefunder was successful and has been closed. However, we are still taking investments under a SAFE agreement. Regarding your specific questions, I will give you clear clarification via email. Kindly drop me an email on rodgers.okeya@skycart.net Thanks and regards, Rodgers Okeya","author_name":"Rodgers Okeya, CFE","votes":0,"created_at":"2023-06-14T06:20:36Z"}]},{"id":189364,"entity_id":"wefunder:comment:189364","question":"What is your exit strategy? would an IPO be your preferred method?","author_name":"Duke Duncan","votes":0,"created_at":"2022-01-21T14:46:40Z","canonical_url":"https://wefunder.com/skycart#question-189364","answers":[]},{"id":182534,"entity_id":"wefunder:comment:182534","question":"What's the closing date for this CF?","author_name":"Stanley Reedus","votes":0,"created_at":"2021-12-03T22:18:04Z","canonical_url":"https://wefunder.com/skycart#question-182534","answers":[{"id":182628,"entity_id":"wefunder:comment:182628","answer":"Hello Stanley, we appreciate the question! The closing date for this CF is January 21, 2022.","author_name":"Ziddan El-Qawwas","votes":0,"created_at":"2021-12-04T18:34:44Z"}]},{"id":181985,"entity_id":"wefunder:comment:181985","question":"2 questions: 1. is your product still in a design phase or do you have a prototype? 2. how did you come up with 19 MM valuation ?","author_name":"Niraj N. Rana","votes":0,"created_at":"2021-12-01T06:44:58Z","canonical_url":"https://wefunder.com/skycart#question-181985","answers":[{"id":182627,"entity_id":"wefunder:comment:182627","answer":"Hi Niraj, to answer your first question, we are currently prototyping our third generation drone (this is the drone which you can see in the pictures on our Wefunder page). As for your second question, a variety of different and important factors were considered when deciding our valuation cap. Our valuation cap reflects a combination of the market opportunity and growth potential, our Intellectual Property such as our 2 patents, our singed agreements and current order value, plus more. Early stage startups are notoriously hard to value accurately. Therefore, we have set a valuation cap (not our valuation) at this round. This means we have not yet priced our company. We will price our company at our Series A round in the future. At that time, we will have additional indicators which we can use to accurately price our company. $19 MM is the maximum valuation that investors who join this round will execute at during our Series A round, even if the company is priced more than that! Thank you so much for your questions!","author_name":"Ziddan El-Qawwas","votes":0,"created_at":"2021-12-04T18:32:28Z"}]},{"id":179782,"entity_id":"wefunder:comment:179782","question":"what is the price per share?","author_name":"John Webster","votes":0,"created_at":"2021-11-17T21:39:05Z","canonical_url":"https://wefunder.com/skycart#question-179782","answers":[{"id":180859,"entity_id":"wefunder:comment:180859","answer":"Hi John, thanks for the question! We are currently fundraising on a SAFE note (Simple Agreement for Future Equity). Therefore our price per share will be decided in the future when we do our priced round. Our SAFE note has an $19M Cap. This means that the maximum valuation that investors who join this round will invest at is $19M, even if the company is priced more than that! If the company is priced less than $19M during our priced round, investors who join in now will receive a 20% discount on our valuation!","author_name":"Ziddan El-Qawwas","votes":0,"created_at":"2021-11-23T18:06:57Z"}]},{"id":167037,"entity_id":"wefunder:comment:167037","question":"What is the goal of Skycart, is it to be premier delivery drone manufacturer, to be the go to drone delivery service provider, or a combination of both?","author_name":"Jung Manopath Kuan","votes":0,"created_at":"2021-09-01T00:16:23Z","canonical_url":"https://wefunder.com/skycart#question-167037","answers":[{"id":167574,"entity_id":"wefunder:comment:167574","answer":"Dear Jung, Skycart's primary vision is to be an express delivery service provider using drones. At the time we formed our company, there were no drones that met our delivery requirements. We envisioned that the drone we needed to provide our service 24/7, around the clock, meant that little human involvement is needed, would be reliable, safe, and easy for most people to use. Therefore, we decided to fulfill our own need by engineering delivery drones including its supporting systems, and patent drone technologies based on our around the clock delivery service vision. We have developed quite a lot of technology since and they may be licensed, sold to a partner, or spun off as another company in the future. Even today, drone technology is still young and evolving. Think of it like the Tesla or Nio model cars, our drones evolve like cars to fulfill greater and greater functionality that satisfy the vision. At this time, we are engineering both the product and service to become the go to delivery service provider.","author_name":"Simon Yuen","votes":2,"created_at":"2021-09-03T02:55:10Z"}]},{"id":166043,"entity_id":"wefunder:comment:166043","question":"Hello, Are investors going to get a discount on the shares? If yes how much? Between now and share sale what do the investors get? Interest? If so how much?","author_name":"Dipak Patel","votes":0,"created_at":"2021-08-26T21:55:26Z","canonical_url":"https://wefunder.com/skycart#question-166043","answers":[{"id":166185,"entity_id":"wefunder:comment:166185","answer":"Hi Dipak, thank you for the questions! Yes, Wefunder investors will receive a 20% discount on the price per share that they pay at our priced round. Between now and share sales, investors will receive a stake in Skycart, which will grow as the value of Skycart grows as a company.","author_name":"Jenny Lu","votes":2,"created_at":"2021-08-27T15:38:18Z"}]}],"faq":[{"question":"Hello, Are investors going to get a discount on the shares? If yes how much? Between now and share sale what do the investors get? Interest? If so how much?","answer":"Hi Dipak, thank you for the questions! Yes, Wefunder investors will receive a 20% discount on the price per share that they pay at our priced round. Between now and share sales, investors will receive a stake in Skycart, which will grow as the value of Skycart grows as a company."},{"question":"What is the goal of Skycart, is it to be premier delivery drone manufacturer, to be the go to drone delivery service provider, or a combination of both?","answer":"Dear Jung, Skycart's primary vision is to be an express delivery service provider using drones. At the time we formed our company, there were no drones that met our delivery requirements. We envisioned that the drone we needed to provide our service 24/7, around the clock, meant that little human involvement is needed, would be reliable, safe, and easy for most people to use. Therefore, we decided to fulfill our own need by engineering delivery drones including its supporting systems, and pat..."},{"question":"Exactly how many people did you message on linkedin asking to fund this wefunder, and how did you decide those exact people were the right people to direct here? It's critical to know what sort of company I would be investing with.","answer":"Hi Warren, Thank you for your question! We prioritise reaching out to investors who list relevant interest's on their Wefunder page and who have relevant Wefunder investment portfolio's. It's time consuming, but we love reaching out personally to potential investors as gives them an opportunity to have a conversation with us, over phone, zoom or just over chat, before they chose to invest. If you would like to find out more about us, we hold a Facebook live event every week on our facebook pa..."},{"question":"what is the price per share?","answer":"Hi John, thanks for the question! We are currently fundraising on a SAFE note (Simple Agreement for Future Equity). Therefore our price per share will be decided in the future when we do our priced round. Our SAFE note has an $19M Cap. This means that the maximum valuation that investors who join this round will invest at is $19M, even if the company is priced more than that! If the company is priced less than $19M during our priced round, investors who join in now will receive a 20% discount..."},{"question":"2 questions: 1. is your product still in a design phase or do you have a prototype? 2. how did you come up with 19 MM valuation ?","answer":"Hi Niraj, to answer your first question, we are currently prototyping our third generation drone (this is the drone which you can see in the pictures on our Wefunder page). As for your second question, a variety of different and important factors were considered when deciding our valuation cap. Our valuation cap reflects a combination of the market opportunity and growth potential, our Intellectual Property such as our 2 patents, our singed agreements and current order value, plus more. Early..."}]}}}