TransportUP
A write-up assessing ZEVA's place in the eVTOL ecosystem.
Overview
ZEVA is bringing personal air transportation to everyone - with an affordable, electric vertical take-off and landing (eVTOL) aircraft called the ZERO. ZEVA is currently flight-testing a full-scale prototype.
We believe this will be the fastest way to get anywhere within a 50-mile radius, by traveling over 160 miles per hour.
*The above is a rendering of a future product. Images are computer-generated demo versions. Product is still currently under development.
Initially, ZEVA will sell vehicles to emergency first responder markets, where getting a medic on scene faster can mean the difference between life and death.
And we don't stop there. We are working on making ZERO fully autonomous so anyone can safely fly - even without a pilot's license.
gif
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development.
The Problem
In 2020, 55% of people lived in cities, but by 2050, this number is estimated to grow to 68% with over 6.3 billion people living in metro areas (source).
With the world population increasing in metro areas, surface transportation and infrastructure becomes more and more challenging.
(Source)
ZEVA addresses this challenge by opening up the third dimension for short-range travel - air vehicles that can take off and land anywhere and cruise at a high speed.
The Solution
ZEVA’s solution is a personal air vehicle designed to move humans at high speed from point-A to point-B.
This is made possible by our patent-pending aircraft configuration. When our vehicles cruise through the air at the right attitude - the wing-body creates lift.
This quality gives us differentiating performance in speed, range, and simplicity - all in a compact, elegant form.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development.
The Market
We firmly believe that eVTOL vehicles will lead to the largest market opportunity of our lifetimes. This is a nascent market and a paradigm shift.
There is little historical market information for these types of vehicles, yet the analysts have predicted incredible growth:
Frost & Sullivan - 430,000 urban air taxis in operation by 2040 (source).
Morgan Stanley - The market for flying cars, now known as electric air taxis, should continue to mature during this decade, soaring to $1.5 trillion globally by 2040 (source).
Market Research Future - eVTOL Aircraft Market to Expand at 30.30% CAGR to Attain Valuation of USD 4,063.3 Million by 2030 (source).
Our Traction
ZEVA has completed a full scale working prototype and is currently performing flight tests, which puts us ahead of most of the entities in the eVTOL space.
We designed and built this craft in-house - from custom battery packs, to the beautiful carbon fiber body.
As we continue testing, we’re also prioritizing building and maintaining relationships with manufacturing partners and early adopters. Firefighters, medics, security, prime contractors, and special operations personnel alike have expressed major interest in our product.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development.
What We Do
The key highlights of ZEVA ZERO:
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development.
The Business Model
We anticipate emergency first responder and DoD-oriented vehicles will sell for $250,000 with a cost of goods sold around $120,000.
Our goal is to sell 500 vehicles by 2025 into these markets - providing a total revenue of $125 million dollars.
*The above is a rendering of a future product. Images are computer-generated demo versions. Product is still currently under development. The COGS and Gross Profit figures mentioned above are based on future projections.
Then it gets really exciting. We are well on our way to full autonomous flight technology, so that consumers can also use ZERO to revolutionize their travel.
We will drive down the cost of the vehicles through economies of scale in order to penetrate the consumer market.
How We Are Different
We definitely stand out among our competitors. We are:
Faster (160 mph)
Longer range (50 miles on a charge)
Compact design (8.5ft x 8.5ft x 8.5ft, fits in a parking space)
*The above is a rendering of a future product. Images are computer-generated demo versions. Product is still currently under development. *The above information is based on internal research and management's experience.
This was achieved through our blended wing-body design and octocopter layout. This patent-pending configuration provides wing-borne lift during cruise and yet is compact enough to fit into a standard car parking space.
We believe the elegance and simplicity of the design will make the ZERO less expensive to manufacture, thus providing an attractive selling price.
The Vision
In 3 years, we believe ZEVA will dominate the single person eVTOL sales into the emergency services and defense markets.
And in the 5th year, we will plan to pivot to the consumer space.
By 2040, we hope to put a ZEVA in every garage or hangar.
OUR LEADERSHIP
The founding members of ZEVA are a multi-disciplinary team of engineers, designers, artificial intelligence researchers, composite specialists, aerodynamicists, technicians, pilots, and industrial designers.
Our leadership has decades of experience leading teams of engineers and managing multi-million dollar R&D budgets to develop and mass-produce electronics at both start-ups and multinational corporations.
We recently moved into our new 14,000 sq ft Flight Test Facility to continue indoor tethered flight testing. We brought with us all the assets and equipment from our 5,000 sq ft prototyping lab including:
All of which has allowed us to rapidly iterate solutions as we test and perfect our full-scale prototype.
Why Invest
ZEVA exists to fundamentally change the way people get around. Through our experienced team, our ability to saturate the market, and our innovative, patent-pending, affordable design, we are confident we have what it takes to help transform the transportation industry in our lifetimes – and tap into a potentially $1.5 trillion market opportunity.
We are dedicated to helping you experience the freedom of everyday, autonomous flight. Come fly with us.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development.
THIS WEBPAGE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
A write-up assessing ZEVA's place in the eVTOL ecosystem.
As the Crow Flies - ZEVA AERO's personal aircraft ZERO offers point-to-point transportation for humans
Company | : | ZEVA, Inc. |
Corporate Address | : | 1128 St Paul Ave Bay #1, Tacoma, WA 98421 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $200.00 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,500 |
Maximum Number of Shares Offered | : | 267,500 |
Price per Share | : | $4.00 |
Pre-Money Valuation | : | $56,104,020.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Time-Based Perks:
Friends and Family
Invest within the first 72 hours and receive 15% bonus shares.
Super Early Bird
Invest within the first week and receive 10% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares.
Amount-Based Perks:
Tier 1: $5,000+
Invest $5,000 and receive 5% bonus shares.
Tier 2: $10,000+
Invest $10,000 and receive 10% bonus shares.
Tier 3: $20,000+
Invest $20,000 and receive 20% bonus shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
ZEVA, Inc., 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 $4.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $400.00. 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
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.
Thank you so much for following our progress during our first equity crowdfunding campaign! The support of our community means the world to us and we will never be able to thank you enough.
If you've been waiting for the right time to invest - the time is now! Our offering closes today at midnight, so don't miss your opportunity to become one of the 200+ investors that have joined us in the next step in sustainable transportation.
Thank you so much for following our progress during our first equity crowdfunding campaign! The support of our community means the world to us and we will never be able to thank you enough.
If you've been waiting for the right time to invest - the time is now! Our offering closes today at midnight, so don't miss your opportunity to become one of the 200+ investors that have joined us in the next step in sustainable transportation.
Safe, affordable, sustainable and efficient advanced air mobility is not only likely in our lifetimes, but it will transform the transportation landscape — and we’re thrilled you’re on this journey with us as we develop our ZEVA ZERO eVTOL aircraft.
Our CEO Stephen Tibbitts has been saying this for more than 15 years, and now, industry analysts are saying it: eVTOL vehicles have the potential to lead to the largest market opportunity in our lifetimes. This is a nascent market and a paradigm shift.
Have yet to invest? Our offering closes soon! INVEST NOW
Know someone who should invest? SHARE THIS LINK WITH A FRIEND
Zero emissions.
The ability to land ANYWHERE in a 50 mile range, and fit within a standard parking space.
Cruising speeds of up to 160mph.
Just 7 DAYS left to own shares in this completely unique eVTOL aircraft!
INVEST NOW OR SHARE THIS LINK WITH A FRIEND
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, ZEVA AERO 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 ZEVA AERO 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
Our equity crowdfunding campaign here on StartEngine ends in 14 days!
Starting at just $200, you can fund the most efficient mode of travel with an electric vertical take-off and landing (eVTOL) aircraft that's affordable, compact, green, and fast.
73% of commuters travel solo — so we built a personal eVTOL aircraft perfect for commuting. And ZEVA is bringing personal air transportation to everyone with an affordable, electric vertical take-off and landing (eVTOL) aircraft called the ZERO.
We believe this will be the fastest way to get anywhere within a 50-mile radius, by traveling over 160 miles per hour. Join our team to fund the most efficient mode of travel with a massive reduction of commute times and a cleaner, more beautiful environment for everyone.
On Sunday, Jan. 9, ZEVA successfully achieved its first controlled, untethered flight test for its full-scale ZEVA ZERO flying wing airframe utilizing its eight zero-emission electric propellers. This critical milestone is a huge inflection point on ZEVA’s path to achieving FAA airworthiness certification.
Watch video of the taxiing flight test here:
Up next, ZEVA will continue taxiing flight tests, and advance to low-altitude hover testing this spring before moving to transition flight testing, which will fine-tune the unique Superman-like trajectory of the aircraft design.
Don’t miss out: There are less than three weeks left to invest in the future of personal air transportation.
The ZEVA ZERO is clearly a unique vehicle. Wondering why we chose that “flying saucer” design for our aircraft?
When Team ZEVA set out to design the ZERO, we knew we needed to solve two big problems:
(1) generating enough lift to give the aircraft a 50 mile range while staying compact enough to land anywhere
(2) maintaining stability while transitioning from hover to cruise.
While researching many possible configurations, the round wing became the clear choice. CEO Stephen Tibbitts explains more of the story, and the science, behind the round wing on our blog.
Our equity crowdfunding campaign here on StartEngine ends in just 26 days!
Now is your chance to help open up the third dimension for short-range travel with ZERO: an affordable, personal, electric vertical take-off and landing aircraft. We believe this will be the fastest way to get anywhere within a 50-mile radius by traveling over 160 miles per hour. Starting at just $200, you can fund the most efficient mode of travel with a massive reduction in commute times and a cleaner, more beautiful environment for all.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}