xCraft Enterprises

xCraft develops technology that powers the future of autonomous flight. With a launch on ABC’s Shark Tank, xCraft has become “America’s Drone Company” creating an arsenal of innovative, patented drone systems that have forever changed the UAV landscape and making the company a leader in the space. Now our products are launching into a marketplace full of demand for the solutions we’ve crafted.

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Progress : 69 %

Funding Raised

$6,902

Funding Goal

$9,993.60-$4,930,387.20

Days Remaining

89 Days

Invest Now

xCraft Enterprises

xCraft develops technology that powers the future of autonomous flight. With a launch on ABC’s Shark Tank, xCraft has become “America’s Drone Company” creating an arsenal of innovative, patented drone systems that have forever changed the UAV landscape and making the company a leader in the space. Now our products are launching into a marketplace full of demand for the solutions we’ve crafted.

Progress : 69 %

Funding Raised

$6,902

Funding Goal

$9,993.60-$4,930,387.20

Days Remaining

89 Days

Invest Now

Business Description

OVERVIEW:

xCraft develops technology that powers the future of autonomous flight. With a launch on ABC’s Shark Tank, xCraft has become “America’s Drone Company” creating an arsenal of innovative, patented drone systems that have forever changed the UAV landscape. Now our products are launching into a marketplace full of demand for the solutions we’ve crafted.

xCraft appeared on Shark Tank and was approved by all five celebrity investors. Following our debut on the show, we were featured in multiple major press outlets including VentureBeat, Inc.com, Fortune, Business Insider, MarketWatch, UAS Magazine, Fast Company, and TechCrunch.

At xCraft, we are on a mission to develop powerful flying robots that change the world. Our vision is to better the planet and bring value to people’s lives by cultivating love, personal fulfillment, and innovation. We take pride in being leaders in American technological innovation, as we strive to surpass our customers’ expectations while delivering undeniable value. We expect excellence, the measure by results, and value character as a core trait in each of our team members.

xCraft has proven its staying power, after nearly 8 years of disrupting the drone industry. Our innovative, patented drone technology is outperforming our competitors and solving some of the world’s biggest challenges.

As “America’s Drone Company”, we see it as our mission to bring better, more efficient, life-saving solutions to the drone industry. Over our last Reg A+ campaigns and two Reg CF campaigns, we raised approximately $4.3M which enabled us to develop three new game-changing drone systems. Our company’s investors include over 5,000 shareholders. We hope you’ll join us, too, as we move into our next phase of innovation and continue to bring life-changing technology to the market.

XCRAFT PARTNERS WITH T-MOBILE: THE SKY IS THE LIMIT!

xCraft Enterprises, “America’s Drone Company”, has entered into a partnership with T-Mobile as part of T-Mobile’s Business Partner Program. As a result of this partnership, xCraft is broadening its offerings to include 5G services for enterprise, public safety, government and other key business segments. xCraft believes that its UAS solutions combined with T-Mobile’s nationwide 5G network will create manifold broadband opportunities for businesses around the country and around the world.

5G technology really ups the ante for drone capabilities. Under less robust communications technologies, drones have to rely upon point-to-point communication links, which can occasionally result in signals being lost–which means that drone pilots cannot operate their drones optimally.

But with 5G’s reliability and reach, communication between drones and ground pilots will be seamless, critical for real-time camera feeds. xCraft’s UAV’s will have the capability to respond more quickly to commands, even when working in crowded environments where communication avenues might otherwise be congested, and even in situations in which drone pilots are unable to maintain line of sight. This gives drones a greater effective range for carrying out critical functions. This technology also enables drones to operate in GPS-denied spaces by relying instead on camera information to accurately pinpoint where a drone is in real-time.

xCraft’s partnership with T-Mobile carries tremendous promise for expanding the utility and reliability of xCraft drones for mapping, inspection, surveillance, and reconnaissance across a broad spectrum of industries.

Problem

There is a shortage of innovation and improvements in the drone industry that xCraft is revolutionizing. Drones expand the reach of the human race, enabling us to quickly deliver life-saving medications, search and rescue more efficiently, safely spot wildfires, and even communicate in areas without cellular reception. But, prior to xCraft, there was a gap in the market for high-quality UAV that fly extremely fast and far, while communicating with their counterparts.

Solution

The solution is introducing our efficient, unique, and patented technology into the marketplace. xCraft’s patented technologies are taking the drone industry to new heights. Our team provides valuable products to critical markets such as agriculture, defense, public safety, mining, and construction. xCraft’s unique drones are designed to outperform our competitors. These technologies, among others still in development, will also be used in the Urban Air Mobility (UAM) market.


Business Model

We sell our products to various industries such as Public Safety, Surveying & Mapping, Defense, and Mining & Construction.

Public Safety

xCraft is committed to providing state-of-the-art technology to improve public safety. Our current solutions include the PANADRONE, SHADOW, MATRIX SE, and the NANO ONE.

These drones are becoming invaluable tools in firefighting, rescue services, and law enforcement. This incredible aerial imaging technology is being used in more industries every day, but its value as a safety tool is also starting to be widely recognized.

Whether employed in disaster response or as part of a search and rescue mission, the many benefits of using drones are clear. Models like the xCraft Panadrone can quickly scan wide areas, record threats using high-resolution imagery, and give first responders immediate data to work with when allocating personnel and resources.

Combined with other technology such as thermal sensors, drones can also locate missing persons in remote locations in a fraction of the time it would take an on-the-ground search-and-rescue crew.

Surveying & Mapping

The geospatial industry is constantly looking for ways to improve data collection and accuracy. The addition of new UAV technology has become a mainstay factor adding to the speed of data collection and pinpoint accuracy.

xCraft technology harnesses the advancements of data collection sensors and the GNSS (Global Navigation Satellite System) to deliver high-quality mapping and surveying results. Our long-range, fully autonomous UAV platforms are pushing the edge of UAV technology in the Surveying and Mapping industry.

Defense

xCraft strives to support the military with low-cost, rugged, and simple drone operations to successfully support a large spectrum of conflict.

These operations can support:
1. ISR Intelligence
2. Surveillance
3. Reconnaissance
4. Target or Enemy Identification
5. Tracking
6. Counter-Explosive Hazards
7. Combat Support & Sustainment

In addition, we secure greater interoperability among system-controlled communications, data products, data links, and payloads/mission-equipped packages on UAVs.

xCraft UAV capabilities and new developments in technologies enable missions to be more effective with reduced risk. xCraft designs, implementation, and development of UAVs can significantly augment a mission’s outcome. The reduction of casualties is our main focus; we have minimized the soldier’s workload, vulnerability, and exposure to the enemy.

Mining & Construction

The use of mining drones has revolutionized the way large mine sites and quarries oversee their operations. Unlike traditional surveying methods, our drones are able to provide exceedingly quick and accurate data across a large territory. This dynamic, real-time data collection also facilitates communication between workers on the ground and management at other sites.

Our drones are equipped with downward-facing cameras that are able to capture highly detailed images of a mining site from a variety of angles. The resulting models and images allow precise calculation of stockpile values and the amount of material that can be moved. Additionally, these images help managers pinpoint safety concerns that might affect workers at any given work site.

Market Projection

The drone industry is an extremely fast-growing and multi-million dollar market. The global urban air mobility market is projected to reach USD $86.83 Billion by 2035, while the commercial drone market size is projected to reach USD $35.4 Billion Million by 2026. Meanwhile, the military drone market is expected to reach USD $21.76 Billion by 2026.

Competition

There are several companies that build and sell competing UAS products. The most notable among them is Chinese-based, DJI. DJI’s products serve mostly the consumer market but also several key verticals in the commercial space including public safety and cinematography. DJI has recently struggled to overcome a broad distrust, especially in the US and (Non-Chinese) government markets over security and privacy issues. We see this as an opportunity to capitalize since our products are developed and manufactured in the USA.

Another, more direct US competitor is Skydio. Skydio builds UAS products with advanced obstacle avoidance and image tracking capability. These vehicles serve a target niche in the consumer and public safety space. Other competitors include France-based Parrot, AeroVironment, and Birds Eye View Robotics.

The global unmanned aerial vehicle (UAV) market was valued at USD 18,857.47 million in 2018 and is expected to reach USD 36,661.34 million in 2026, growing at a CAGR of 8.59% during the forecast period.

Traction & Customers

xCraft appeared on Shark Tank and was approved by all five celebrity investors. Following our debut on the show, we were featured in multiple major press outlets including VentureBeat, Inc.com, Fortune, Business Insider, MarketWatch, UAS Magazine, Fast Company, and TechCrunch.

Here’s a look at our product pipeline:

Matrix RTK

The innovative solution for surveying and mapping.
Everything you need to begin capturing high-res mapping images is included in the MATRIX RTK Package. We designed the MATRIX RTK to be a one-stop solution for surveyors and engineers. We have developed a GPS bay station to be used alongside the MATRIX RTK to achieve autonomous route precision down to centimeters.

We are currently developing an image stitching software that would allow high-res mapping images taken during a flight to be stitched and processed in a fraction of the time it takes currently.

Nano One

Bringing state-of-the-art surveillance to security and defense departments
Providing the modern foot soldier with an ultra-portable, immediately deployable EO and IR micro UAS for real-time situational awareness. The xCraft NANO ONE is a rugged, American-Made platform with extended 30-minute endurance and best-in-class wind and rain tolerance. Simple and intuitive operation in GPS or GPS-denied Environments, Auto Return, and Lost Link failsafe features preserve mission success when it matters most.

Shadow

xCraft’s Shadow V2.0 is a portable, unmanned aerial system capable of 24hr+ tethered flight at altitudes of up to 100ft.
The UAS optionally integrates seamlessly with a secure Rajant Mesh communication network as a relay node and offers real-time streaming HD video, making it a valuable asset for any situation requiring secure pop-up surveillance and/or communication.

Set up is as easy as plugging in the 120/240VAC tether and sending the launch command through the controller. Pre-loaded flight stabilization software keeps the UAS hovering above the launch point at a fixed altitude, adjusting for wind (up to 30 knots or 34 mph) and light rain. When the mission is complete, a simple “land” command transmitted through the controller returns the UAS to the ground, where it can be unplugged, packed, and ready for transport in minutes. The system includes an emergency backup power system that will safely return the UAS to the ground in the event of a primary power system failure.

Matrix SE

Five Pound Payload. American-Made Workhorse.
The MATRIX SE is powerful and efficient. It comes with an SUI Controller and an Android tablet. Depending on what you need, the Matrix SE has options. Easily swap payloads to meet your desired outcome. 4K camera with 3.5X zoom, LIDAR, Thermal, IR, EO, and Multispectral payloads are available.

Maverick Mapper

Maximizing scouting efficiency and accuracy
For quick and thorough surveying and scouting, we recommend the Maverick Mapper. It can autonomously map a 40-acre area in a quick, 25-minute flight. The Mapper comes with a Skydroid controller that’s compatible with any iOS or Android phone or tablet.


Investors

We’ve raised over $4.3M from previous crowdfunding campaigns and now have more than 5,000 existing shareholders.

Terms

This is an offering of Class B Non-Voting Common Stock, under registration exemption 4(a)(6), in xCraft Enterprises Inc. Up to $4,930,387.2 in Class B Non-Voting Common Stock may be raised at $9.60 per share with a minimum target amount of $9,993.50.

The offering deadline is April 30th, 2023. Unless the Company raises at least the Target Offering Amount of 9,993.60 under the Regulation CF offering by the Offering Deadline, no securities will be sold in this Offering, investment commitments will be cancelled, and committed funds will be returned.

Risks

As an investor, please be sure to read and review the Offering Statement. If you have any unanswered questions, please be sure to utilize the communication channel on this page to ask the issuer questions.

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 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. 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.

Neither PicMii Crowdfunding nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Security Type:

Equity Security

Price Per Share

$9.60

Shares For Sale

513,582

Post Money Valuation:

$53,872,550.4

Investment Bonuses!

Early Bird Discount (First 50 Investors):

10% Bonus Class B Shares

Existing Shareholders:

15% Bonus Class B Shares

Invest $1,000+

Lifetime VIP discount of 10% on all purchases through xCraft*

Invest $5,000+

Lifetime VIP discount of 10% on all purchases through xCraft*, 5% Bonus Class B Shares, and 20% Discount on Maverick Drone**

Invest $25,000+

Lifetime VIP discount of 10% on all purchases through xCraft*, 15% Bonus Class B Shares, Free Maverick Drone, and Private Zoom Call with our CEO and one more of our high profile supporters

*Products may not be purchased for resale.
**All perks occur when the offering is complete. Drones are expected to be shipped within 8 weeks following the close of the campaign on PicMii Crowdfunding.

Regulatory Exemption:

Regulation Crowdfunding – Section 4(a)(6)

Deadline:

April 30, 2023

Minimum Investment Amount:

$297.6

Target Offering Range:

$9,993.60-$4,930,387.20

*If the sum of the investment commitments does not equal or exceed the minimum offering amount at the offering deadline, no securities will be sold and investment commitments will be cancelled returned to investors.


JD Claridge
President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Director
BackgroundJD Claridge is the CEO and Co-Founder of xCraft, a leading drone company developing innovative vehicles for the UAV market. JD has been with xCraft since 2015.

Charles Manning
Co-Founder
BackgroundCharles is also the founder and CEO of Kochava, a leading mobile attribution analytics platform company serving tier-one advertisers worldwide.

Ben Toews
Finance
BackgroundBen previously served as CEO of Bullet Tools and led the sale of Bullet Tools to a major construction tool manufacturer.

Mark Collins
Advisor
BackgroundMark Collins is nationally recognized for his 50+ years of service in health care and technology. He served as CEO for three corporations and is highly skilled in coaching business leaders and building teams.

Tim Treto
Advisor
BackgroundTim served as CEO of Tedder Industries and now coaches leaders in large and small engineering and manufacturing businesses.

Tom Ryan
Software Engineer
BackgroundTom Ryan has spent his career developing enterprise software solutions to the biggest names in technology. Tom leads our Software team and has helped launch xCraft to whole new level in the Software realm of UAV and has been an invaluable mentor to the younger generation of software engineers.

Kenny Stone
Sales Lead
BackgroundKenny Stone has recently joined xCraft as our Sales Lead. Him and his family have recently relocated to the beautiful Inland Northwest, and we are so glad to welcome him to the xCraft Family!

Gabriel Joyce
Designer/Drafter
BackgroundGabriel started working with xCraft three years ago as a Contractor, we loved him and his work so much we brought him on full time as a direct xCraft Member. He has been a pivotal contributor in both the design and build of many of our recent launches, notably the Drone Nest.

Brenner Drake
Design Intern
BackgroundBrenner has been designing in SolidWorks and Fusion 360 for over 5 years and recently brought home the $1,000 1st Prize in the STEM Charter Engineering Challenge sponsored by Regan Designs.

Walter Neils
Software Intern
BackgroundWalter joined xCraft over the summer and has proven himself to be a software genius! He’s well versed in embedded systems development, troubleshooting, multiple programming languages, data entry, and the list goes on.

Jordan Higgins
Software Intern
BackgroundJordan is working alongside our software team gaining experience in coding, troubleshooting, programming, and much more.

Isaac Hager
UAV Technician Intern
BackgroundIsaac has been working as an intern with xCraft for approximately a year. His duties include soldering, building drones, wiring, and just about anything else he can get his hands on. He has an interest in software, so in his spare time, he shadows our software team gleaning all he can from their expertise.

Christi McEvers
Executive Assistant
BackgroundChristi has been with xCraft since 2018. She tends to customer support, bookeeping, HR, administration, and other general office duties.

Legal Company Name

xCraft Enterprises

Location

418 E LAKESIDE AVE
08
COEUR D’ALENE, Idaho 83814

Number of Employees

5

Incorporation Type

C-Corp

State of Incorporation

Delaware

Date Founded

February 28, 2017

  • Last active: 2 months ago
  • 90 members
  • 0 posts
xCraft Enterprises
  • Group
  • Braden Kline
  • OVERVIEW:

    xCraft develops technology that powers the future of autonomous flight. With a launch on ABC’s Shark Tank, xCraft has become “America’s Drone Company” creating an arsenal of innovative, patented drone systems that have forever changed the UAV landscape. Now our products are launching into a marketplace full of demand for the solutions we’ve crafted. xCraft appeared on Shark Tank and was approved by all five celebrity investors. Following our debut on the show, we were featured in multiple major press outlets including VentureBeat, Inc.com, Fortune, Business Insider, MarketWatch, UAS Magazine, Fast Company, and TechCrunch. At xCraft, we are on a mission to develop powerful flying robots that change the world. Our vision is to better the planet and bring value to people’s lives by cultivating love, personal fulfillment, and innovation. We take pride in being leaders in American technological innovation, as we strive to surpass our customers’ expectations while delivering undeniable value. We expect excellence, the measure by results, and value character as a core trait in each of our team members. xCraft has proven its staying power, after nearly 8 years of disrupting the drone industry. Our innovative, patented drone technology is outperforming our competitors and solving some of the world’s biggest challenges. As “America’s Drone Company”, we see it as our mission to bring better, more efficient, life-saving solutions to the drone industry. Over our last Reg A+ campaigns and two Reg CF campaigns, we raised approximately $4.3M which enabled us to develop three new game-changing drone systems. Our company’s investors include over 5,000 shareholders. We hope you’ll join us, too, as we move into our next phase of innovation and continue to bring life-changing technology to the market.

    XCRAFT PARTNERS WITH T-MOBILE: THE SKY IS THE LIMIT!

    xCraft Enterprises, “America’s Drone Company”, has entered into a partnership with T-Mobile as part of T-Mobile’s Business Partner Program. As a result of this partnership, xCraft is broadening its offerings to include 5G services for enterprise, public safety, government and other key business segments. xCraft believes that its UAS solutions combined with T-Mobile’s nationwide 5G network will create manifold broadband opportunities for businesses around the country and around the world. 5G technology really ups the ante for drone capabilities. Under less robust communications technologies, drones have to rely upon point-to-point communication links, which can occasionally result in signals being lost–which means that drone pilots cannot operate their drones optimally. But with 5G’s reliability and reach, communication between drones and ground pilots will be seamless, critical for real-time camera feeds. xCraft’s UAV’s will have the capability to respond more quickly to commands, even when working in crowded environments where communication avenues might otherwise be congested, and even in situations in which drone pilots are unable to maintain line of sight. This gives drones a greater effective range for carrying out critical functions. This technology also enables drones to operate in GPS-denied spaces by relying instead on camera information to accurately pinpoint where a drone is in real-time. xCraft’s partnership with T-Mobile carries tremendous promise for expanding the utility and reliability of xCraft drones for mapping, inspection, surveillance, and reconnaissance across a broad spectrum of industries.
Hello startup investors! Please use this communication channel to discuss the offering and ask xCraft any questions you may have regarding the offering.
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Campaign Launch

xCraft Enterprises has launched their equity crowdfunding campaign on December 9th, 2022.

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