The aim is to now reach £1 million, but the company may overfund beyond that.
Financial Director, Hwfa Gwyn says, "The response from the investing community is amazing, and it’s great that the Great British public is backing this Great British engineering innovation. We would love to break through the magic million mark."
Last year, Hybrid Air Vehicles raised £2.1 million through 911 investors, being the largest ever aerospace crowdfunding globally. This round has already attracted over 1000 investors, therefore has now broken the record for the largest number of investors to crowdfund an aerospace project.
The equity-based crowdfunding market was worth over £100 million in the UK last year, up by over 200% year-on-year. It dominates finance headlines as the innovative model through which new and established entrepreneurial businesses can raise capital.
This Crowdfunding equity raise is offered at a valuation of £55 million, a significant increase already since the valuation of £36 million offered in the last crowdfund.
On 5 May 2015, Hybrid Air Vehicles concluded a record-breaking £2.1million crowdfunding which together with a UK Government grant and an EU Horizon 2020 grant for highly innovative SMEs permitted us to achieve the following over the last 10 months:
Hiring almost 100 employees. HAV now have a workforce of 120 developing this exciting technology.
Securing many supply chain deals, spending over £6 million with suppliers, securing additional UK jobs and growth.
Assembling and documenting the build of the Airlander, in conjunction with the European Aviation regulators, EASA.
Hybrid Air Vehicles’ existing shareholders include PLC Chairmen, Business Angels and Professional Investors. The company currently has around 1000 shareholders who collectively have invested over £17.5 million of equity and debt in the company since its formation in 2007.
Investments of this nature carry risks to your capital.
Approved as a financial promotion by Crowdcube Capital Ltd which is authorised and regulated by the Financial Conduct Authority (No. 650205)