Wave Motion Launch on Spaced Ventures 2022

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Security Type

Convertible Note

Reporting Date

07/21/2022

Likelihood of Max

Momentum

cold.svg

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Location

Everett, Washington

Industry

Transportation, Automotive, Aviation, & Aerospace

Wave Motion Launch is raising funds on Spaced Ventures. The company has developed an affordable, safe, and fast method to get payloads to orbital speeds without the need for onboard propellants. The patented launcher of Wave Motion Launch, Jet-Gun, uses a hypervelocity stream of propellant to thrust vehicles at a supersonic speed. Wave Motion Launch has a $1.35 million OTA contract with the US Navy and received the NSF I-Corps award for customer discovery in 2020. Finn Van Donkelaar founded Wave Motion Launch in January 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for materials and equipment, personnel, rent and facilities, overhead cost, test and consumables, and operating costs.

Summary Profit and Loss Statement

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,675

$-14,860

Summary Balance Sheet

Cash

$481

$1,454

Accounts Receivable

$0

$0

Total Assets

$481

$1,454

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/21/2022

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