FAA approved drone company Aeronavics to crowdfund

CrowdFund Beat News Wire,

Aeronavics, a Waikato based drone company with one of only two US Federal Aviation Authority permissions to be used for filming, is looking to raise up to $1.5 million via equity crowd funding as it shifts from an airframes supplier to offering fully built products in the growing remotely piloted aerial systems market.

The Raglan based company is looking for a minimum of $750,000 to secure funds over the next month, offering shares at $1 a piece, with a minimum investment of $1,000 via the Snowball Effect crowd funding platform. So far 84 investors have pledged $534,250 since it launched yesterday evening, of which $414,500 was from pre-committed investors.



Aeronavics, which is valued at $8.5 million, is hoping to lure investors with the promise of capturing a foothold in the $11 billion drone market, and already boast big name US customers, including NASA, Disney and Dreamworks. The company used to ship airframes under its Droidworx brand, with customers modifying the frameworks to their needs, but it is now focusing on selling branded end products into the market.

Last year, the company became one of only two drone systems to be granted FAA exemption to be used for film and television work in Hollywood. At the time Aeronavics director Linda Bulk, who co-owns the four year-old company with husband Rob Brouwer, told BusinessDesk publicity over the FAA decision had sparked demand for its SkyJib 8 engine craft and the company would be looking at capital raising with private investors.

“We’ve had an influx of inquiries and there’s a lot of potential revenue but we are now really stretched. Everything requires energy and investment. The interest is far beyond what the company can digest,” she said last October.

The company was originally started in Australia before the couple moved to New Zealand. It started out producing multi rotor airframes now used worldwide for aerial photography, film making, and agricultural and industrial applications and later expanded to become a one stop shop, selling ready to use UAVs as well as the airframes.



The company made a pre-tax profit of $62,428  in the year ended Mar. 31 on $1.83 million worth of sales, according to its offer documents. It expects to make a loss of $77,382 in the 2015 financial year, with sales to fall to $1 million. It currently has a negative equity of $45,393 and its current assets are worth $416,594. The company doesn’t provide earlier financial details, but says to date it has over $5 million in sales.

On conservative calculations, the company expects its pre-tax profit to grow to $2.6 million by 2020, with sales to rise to $17.4 million, while its most aggressive case sees earnings climb to $20 million on $100 million in sales in five years.

Bulk and Brouwer are offering between 8.1 percent and 15 percent of the company via the Snowball offer, which closes on March 15.


Tags: , , ,


AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

WTTV CBS4IndyCrowdfunding effort to save Dorothy's iconic ruby red slippers from 'Wizard of Oz' raises $300000WTTV CBS4IndyThe Smithsonian has launched a campaign on Kickstarter aimed at raising $300,000 to preserve the ruby red slippers worn by Judy Garland in the belo [...]

Crowdfund InsiderMassive Rule 147 Amendments May Be On The Horizon Impacting ...Crowdfund InsiderAlmost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastat.and more » [...]

Mountain XpressFaces in the crowd: WNC crowdfunding initatives | Mountain XpressMountain XpressEach week, Xpress highlights notable WNC crowdsourcing initiatives that may inspire readers to become new faces in the crowd. This week features a feature ...and more » [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

Android Authority (blog)Crowdfunding project of the week: Remix IO is an Android 4K set-top ...Android Authority (blog)The 'Crowdfunding project of the week' series is where we highlight some of the hottest campaigns from sites like Kickstarter and Indiegogo. There's pl [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 marillion.com record, Kelly and the band realized that one of [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

CFB Finance

Press Release

CrowdFund Beat News


Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |