PromoDrone

Rise to the occasion!

PromoDrone

Rise to the occasion!

San Diego, CA
Data/Analytics
Technology
PromoDrone creates engaging aerial advertising drones, designed to help brands reach wider audiences.

$31,744

raised
42
Investors
$24.7M
Valuation
$4.19
Price per Share
$247.21
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$31,744

raised
42
Investors
$24.7M
Valuation
$4.19
Price per Share
$247.21
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into PromoDrone:

$247+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Tier 1: 500+
5% off your first PromoDrone flight booking for your event (terms and conditions apply) + Welcome Email from CEO + Invite to Instagram LIVE discussion
$1,000+
Investment
Tier 2: $1,000+
7% off your first PromoDrone flight booking for your event (terms and conditions apply) + 1% bonus shares + Welcome Email from CEO + Invite to Instagram LIVE discussion
$5,000+
Investment
Tier 3: $5,000+
10% off your first PromoDrone flight booking for your event (terms and conditions apply) + 3% bonus shares + Welcome Email from CEO + Invite to Instagram LIVE discussion
$10,000+
Investment
Title 4: $10,000+
15% off your first PromoDrone flight booking for your event (terms and conditions) + 5% bonus shares + Welcome Email from CEO + Invite to Instagram LIVE discussion
$25,000+
Investment
Tier 5: $25,000
5% discount on PromoDrone platform license (terms and conditions apply) OR 15% off your first PromoDrone flight booking (terms and conditions apply)+ 10% bonus shares + Welcome Email from CEO + Invite to Instagram LIVE discussion
$50,000+
Investment
Tier 6: $50,000
10% discount on PromoDrone platform license (terms and conditions apply) OR 20% off your first PromoDrone flight booking (terms and conditions apply)Invite to the PromoDrone official launch party in San Diego, California +15% bonus shares
$100,000+
Investment
Tier 7: $100,000+
20% discount on PromoDrone platform OR 25% off your first PromoDrone flight + Private VIP conversation with CEO + Invite to the PromoDrone official launch party in San Diego, California + 20% bonus shares + Welcome Email from CEO

Reasons to Invest

Our total available market is predicted to be worth more than $584 billion by 2028, while our serviceable available market is worth $146 billion and our serviceable obtainable market is worth $365 million.
PromoDrone has managed to drive and lead the industry sector, with its platform effectiveness, market position and proven approach of empowering customers to improve their ROI and build more brand value, while simultaneously achieving key KPIs.
PromoDrone has raised $50k in investments, attained over $25k in grants and additional revenue, and has been featured by press such as Fox 5 San Diego and iHeart Media’s “CEO’s You Should Know” promotional placement.

OVERVIEW


The Future of Event-Based Engagement

At PromoDrone, our goal is to define and lead the drone advertising and technology industries, through a combination of innovative drone displays, smart technology and strategic partnerships with various end-user types. 




Founder and CEO, Jamar Williams, a FAA Certified Remote Pilot in Command, has generated more than $150k in income to launch, grow, and prove PromoDrone’s business model. He leads a close-knit team of industry experts who share a passion for empowering people around the world through revolutionary advances in drone communications. Using a lean approach, we’re pioneering the concept of drone advertising to create a global licensing model that is the first of its kind.

THE PROBLEM


Advertisers and Marketers Face New Challenges, While Drone Operators Seek Opportunity

In today’s era of information and distractions, many advertisers and marketers struggle to cultivate significant audience engagement. Companies are constantly searching for ways to generate revenue and provide better ROI for their brand partners. 



Meanwhile, drone operators are seeking opportunities to be independent revenue generators. Certified drone pilots and drone solutions companies are looking to fully utilize their drone experience and skills to create a lifestyle of freedom, financial stability, creativity, and innovative pursuits. 

THE SOLUTION


Drone Technology Provides an Answer to the Marketing Struggles Many Companies Face



PromoDrone delivers aerial drone advertising, designed to engage viewers, using captivating content to drive impressions and convert potential customers. Our customers use our drones, alongside other marketing and advertising channels, to target fans at large scale outdoor events, like football games. Our drones are equipped with 360-degree display coverage, and maneuver through designated drone-compliant zones playing prepaid content for viewers. 





We license our banner frame hardware to drone solutions providers across the globe for annual and monthly recurring fees. Our Standard PD-Hex Frame licensee contract is $13,500 per year for 3 years, plus 7.5% monthly royalties (or $450 minimum). Our minimum contract revenue comes out to $54,000.


THE MARKET


With Few Direct Competitors, PromoDrone is Looking at a Multibillion-Dollar Available Market

Our total available market is worth $13.44 billion as of 2020 and is predicted to be worth more than $584 billion by 2028 (growing at a CAGR of 57.5%). Our serviceable available market is worth $146 billion and our serviceable obtainable market is worth $365 million (Source). As of 2020, there are 869,614 drones registered (Source).




The widespread adoption of UAV technology is ever-growing and the supporting markets are making way for large increases in UAV deployment and sustainability. Because the drone industry is still very young, PromoDrone has managed to drive and lead the sector, with few to no sizable direct competitors. 



We believe our advantage is our platform effectiveness, market position, and proven approach to business operations. Our attractive and unique solutions empower customers to improve their ROI, build more brand value around their offerings and capabilities, and simultaneously achieve key KPIs.

OUR TRACTION


Our Products Have Made Headway and Gained Attention from Several Press Outlets  

Our commercial prototype, the PD-Hex Frame, debuted in 2019 and gained traction even during the pandemic, procuring both a licensing agreement with a drone company in Guam, as well as our first reseller contracted in 2021. Our prototype digital display drone and systems, as well as our prototype A.I. recognition and reporting systems, are currently in development, with an anticipated summer 2021 debut and testing. Our A.I. capabilities will allow customers to access data reports (images and videos) based on quantified results via the 360-degree display coverage of the drone.


 AI capabilities are in development and not currently available.




We have raised $50k in investments to date, and attained over $25k in grants and other revenue. PromoDrone has been featured by media such as Fox 5 San Diego, and in iHeart Media’s “CEO’s You Should Know” promotional placement. We are currently patent-pending.

WHY INVEST


PromoDrone Has the Vision and Scalability to Pave the Way for This Rapidly-Growing Industry


At PromoDrone, our mission is to use UAV technology to create amazing crowd experiences, while elevating the prestige and value of our stakeholders. Within ten years, we hope to be considered the pioneer and architect of the drone advertising and technology industries. Our lean yet powerful, results-driven team is committed to driving market dominance and sustainable growth, with numerous revenue channels and industries, that reduce risk and reliance on a single traction point. 



As of 2020, we are looking at a total available market of $13.44 billion, that is expected to grow by a CAGR of 57.5% and reach $584 billion by 2028. PromoDrone is highly scalable, and with few competitors in our space, we are ready to capture a significant market share in this fast-growing industry!

In the Press

San Diego Business Journal

PromoDrone Pivots to Global Licensing

sUAS News

PromoDrone Brings Drone Banner Advertising to Global Markets

The Drone Girl

Blimp-Inspired Drones Set to Fly Ads over Tourism Areas in the South Pacific

@Startup Speed

The Future of Drone Marketing

San Diego Voyager

Meet Jamar Williams of PromoDrone in San Diego Metro

Fox 5 San Diego

PROMODRONE SEGMENT KSWB TV HD 8 21 19 8am

City of San Diego

Small Businesses Relief Fund Testimonial Video

San Diego Union Tribune

San Diego entrepreneurs win thousands at Pan-African and Latino pitch competition

Startup Show San Diego

Jamar Williams How to use drones to promote your business

San Diego Business Journal

Drone Seen as Advertising Vehicle

San Diego Public Library Foundation

Library Helps get new Drone Business off the Ground

Offering Summary


Company

:

Promo Drone Inc.

Corporate Address

:

5732 Micheal St., San Diego, CA 92105

Offering Minimum

:

$9,997.34

Offering Maximum

:

$1,069,996.11

Minimum Investment Amount

(per investor)

:

$247.21











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,386

Maximum Number of Shares Offered

:

255,369

Price per Share

:

$4.19

Pre-Money Valuation

:

$24,721,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Early Bird

Friends and Family Early Birds

Invest within the first 24 hours and receive additional 15% bonus shares.

Super Early Bird Bonus

Invest in the next 72 hours and receive additional 10% bonus shares.

Early Bird Bonus

Invest in the next 7 days and receive additional 5% bonus shares.

Tier 1: $500+

5% off your first PromoDrone flight booking for your event (terms and conditions apply)

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 2: $1,000+

7% off your first PromoDrone flight booking for your event (terms and conditions apply) 

1% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 3: $5,000+

10% off your first PromoDrone flight booking for your event (terms and conditions apply)

3% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 4: $10,000+

15% off your first PromoDrone flight booking for your event (terms and conditions) 

5% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 5: $25,000+

5% discount on PromoDrone platform license (terms and conditions apply) OR 15% off your first PromoDrone flight booking (terms and conditions apply)

10% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 6: $50,000+

10% discount on PromoDrone platform license (terms and conditions apply) OR 20% off your first PromoDrone flight booking (terms and conditions apply)

Invite to the PromoDrone official launch party in San Diego, California (invitation only)

15% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

Tier 7: $100,000+

20% discount on PromoDrone platform license (terms and conditions apply) OR 25% off your first PromoDrone flight booking (terms and conditions apply)

Private VIP conversation with CEO

Invite to the PromoDrone official launch party in San Diego, California (invitation only)

20% bonus shares

Welcome Email from CEO 

Invite to Instagram LIVE discussion

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

PromoDrone will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $4.19 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $419. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$13,482.00 USD
$21,364.00 USD
Cash And Cash Equivalents
$6,777.00 USD
$14,659.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$5,300.00 USD
$0.00 USD
Long Term Debt
$52,000.00 USD
$52,000.00 USD
Revenues And Sales
$6,624.00 USD
$2,372.00 USD
Costs Of Goods Sold
$5,532.00 USD
$1,678.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$12,868.00 USD
-$11,898.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, PromoDrone has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in PromoDrone be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

What is coming next?

about 1 month ago

Here is a sneak peak at what our engineers have been diligently working on to bring to the masses. Introducing the Arkan, a fully digital flying billboard capable taking programatic advertising to the skies. Designed to grab attention where ever it is deployed, the Arkan is an experiential marketing beast that creates a new way for customers to experience and interact with the brands they love. We named our drone after the mythical flying pig, the Arkan Sonney, who brings good fortune to anyone who catches it. While we can't promise you good luck, we can guarantee an experience like nothing you have seen before. Stay tuned to see this new product in action in the coming months.


PromoDrone is Live on StartEngine!

about 2 months ago

We are thrilled to announce that our first offering is now live, and you can invest in PromoDrone!

A very special thank you to the 27 shareholders who supported us during our first 24 hour push. We are excited to partner with StartEngine and with you, the shareholders, to bring PromoDrone to new heights. 

Stay tuned for some exciting announcements as we continue to innovate and change the landscape of the out of home advertising industry!

Show More Updates End of Updates

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
Please use Updates for communications.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}