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?

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.

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?

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...

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.

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...

what is the price per share?

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...

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 ?

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...

Skycart Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

💰 $4M in signed purchase orders and $23M in Government LOIs!

📈 $200K in revenue (2015-2018), Pre-Series A, raising bridge.

💸 Raised $130K in 2017. UPS Emerging Markets Managing Director BIG investor in this round.

🌱 Our responsible Fully Electric "GREEN" Solution helps address Climate Change affecting the world.

📦 Delivered packages 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

🚀 One Skycart Delivery Drone replaces FOUR competing drones! Huge savings and less air congestion.

Skycart

Deliver instantly to anywhere: autonomous aircraft delivery to save lives!

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