Air Future Ltd

By Air Future

PledgeMe.Investment

Technology,



NZ $32,400 pledged


27 people pledged


1 month left


NZ $200,000 minimum target


Min

NZ$200,000

Max

NZ$1,850,000

16 16% Complete

Pledges will only be confirmed if the target is reached by: 28/02/2022 at 12:00 PM (NZDT)

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About

Air Future Ltd

Our mission is to assist consumers, businesses and overall New Zealand to accelerate affordably and enjoyably towards sustainable energy and demonstrate that clean vehicles and energy storage can be readily available for all people.

The pictures herein are photos or digital productions of actual products unless indicated.

 

  

 

ABOUT OUR COMPANY

Air Future Ltd is a New Zealand company seeking to create a revolutionary niche in New Zealand’s shift to a cleaner climate. New Zealand along with the rest of the world is increasingly aware of the need and targets to battle climate change. Air Future Ltd seeks to roll out its clean products across New Zealand, Australasia, and the Pacific Islands; products spanning both clean transport and energy storage in homes and communities with local manufacture and employment.  

A new era of compressed air energy & storage & clean vehicles

We plan to commence with the current range of entry products and aim to expand that via development of further products to meet the anticipated growing demand for a cleaner climate. Our technology and products are the brainchild of our technology partners, MDI in France, who have the brand and the patents whereby they replaced chemical battery storage with cleaner compressed air storage.

 

Products for everyone in a clean climate era

Air Future Ltd seeks to mass commercialise these products, as MDI do not mass commercialise themselves but only do research and development or private client fulfilment. We consider that this is a great opportunity for both partners, and especially for Air Future Ltd having the exclusive licence rights for all the Australasian region. What we seek to do is to create an Australasian showcase for the technology and products, a global first, by rolling out the entry products. Success will have  broader beneficial implications both geographically and for future products.

 

Australasian region includes Australia, New Zealand and Pacific Islands.  Air Future Ltd has purchased entry product licence rights for Australasia.

Air Future team and MDI in France. Chairman Russell Fitts with Cyril Negre in Airpod 2.0.

 

Why Australasian showcase

Australasia combines a huge geography and variation in climate and many different cultures and languages. Generally the climate has sufficient stability and flexibility for sunshine and wind clean climate projects. Australia is a world leader in solar and in energy storage and is advancing srtongly in community energy.

Above is an artist’s impression of our vision for the future showing a household with the pipeline AirOne family car, the AirPod utility vehicle, the Airwall energy storage unit, rooftop solar, and a Veolia MDI AirBom waste collection vehicle.

 

The product technology seeks to create products that are practical and affordable for the masses, focusing on transport  and energy storage, including broad applications for transport and for home or community solar storage. Current chemical batteries or hydrogen have numerous disadvantages creating niche markets for Air Future Ltd.

 

 

 

The technology’s storage unit consists of a uniquely designed compressed air engine, integrated with functions providing compression, storage, expansion, and thereby power to drive a vehicle or generate electricity – the original energy source being solar or wind or the electricity grid. Storage is flexible by varying the engine capacity or the storage tanks. In effect it’s a “compressed air battery”. 

Vehicles are constructed using very strong but lightweight composite materials (similarly to in racing cars) and there will be an option for a hybrid using biofuel to add further to the range. Refill options can be speedy via air stations or alternatively by home plug in. 

Pictures of parts being constructed in Europe for World Expo Dubai (October ‘21)

 

The above relates to a private client project by MDI in Europe but is indicative of the operation intended for Australasia. Components can be outsourced or constructed and assembled in proprietary factory locally. Factories are what is called “turnkey” meaning they are pre-designed and replicated regionally. 

 

 

 

WHAT WE HAVE DONE SO FAR

 

Air Future Ltd has operated with the small executive team below using outsourcing of personnel and functions as needed, plus ably supported by MDI.

 

Executive focus has been on preparation for the following areas: products, organistation structure, markets, manufacture, and operations and sales channels. 

Products have been the primary focus, securing the optimal licensing rights for the following entry level products, with the AirOne in pipeline. Potential future products for which further agreements would be sought  are in the Information Memorandum. Exclusivity spans products below.

Organisational structure has separated the functions needed for Air Future Ltd, those being incubation and investment, regional operations, and the two industries transport and energy. Each company has independence to generate most benefits within their area across Australasia and hence to Air Future Ltd and New Zealand as seen in the following diagram. 

 

Markets are the driving force behind the showcase rollout, and the priority in application of funds. The following give a brief introduction for each entry product.  

A major development being brought by renewable energy is distributed energy, for example in homes, communities, businesses, or remote locations. The modular nature of our technology’s storage is particularly well suited to the developments.

 

                                                                  

Solar, wind, homes, communities, buildings, commerce and industry have the opportunity to become more self sufficient, cleaner, and to lower costs via renewable energy. The hurdle is to counter intemittency – when sun and wind are absent. That needs storage, and AirPower and AirWall technologies have unique benefits over chemical batteries.

 

 

Our Future Plans

The current funding is intended to be applied to the immediately planned funded projects spanning markets & channels, demonstrations & pilots, and factory funding & preparation. In addition though, it’s important to establish the platform future projects. The latter including the funding of manufacture, factories and regional rollout will be separately funded, their foundation will be established by the current projects. 

Manufacture factory/production construction is what is called turnkey, meaning designed and provided by the licensor MDI in replicable form, and Air Future Ltd adapt the process to requirement for products and volumes to be manufactured. There is flexibility in manufacture, and the plan is in four phases: import demonstration product or outsource to local manufacture; smaller entry level factory; and upgrade to full operating mode as sales are expanded across regions.  

The immediate application of current investment sought can be seen in the following schematic under PLANNED FUNDED PROJECTS. This establishes the platform for commercialisation rollout under the PLATFORM FUTURE PROJECTS. 

 

Planned Funded Projects

The current funds sought will be used to implement the following two projects, plus appropriately resource and conduct the company's business.

Planned Future Projects

Whilst to achieve the above milestones is the current use of proceeds, in parallel they will set in place the platform to implement the next projects below and the commercialisation of the business.

 

 

Turnkey (replicable) factory design enables us to show examples of factory equipment in an operating factory. These pictures have been provided by MDI as used in their private client production. Our mass factories are intended to use the same process.

 

 

Sales channels, once markets are established under the immediate investment stage, are intended to focus on known distribution channels. Except for social media and direct marketing, sales are planned to be via wholesale channels and distributors. 

Sales channels already exist, and we just need to tap into them. Examples are solar panel companies, energy retailers, non-tied car distributors, specific industry sales channels such as for agriculture. Product advantages benefit channels.

 

 

WHAT THE FUNDS ARE FOR

This Crowdfunding is for $1,850,000 with minimum to be raised of $200,000. Minimum individual pledge is $1,000. Our focus intentions are on the markets & channels, demonstrations & pilots, and factory funding and preparation. By establishing these milestones the platform is set for subsequent factory building, production and sales, regional rollout, and further products.

Air Future Ltd timeline for the Australasian showcase is via progressive milestones over 1-3-5 years, with parallel increase in valuation sought, along with the aim to establish shareholder liquidity (yet to be progressed). In parallel $1,150,000 is sought from wholesale investors making the total $3,000,000.         

Projected Financials are not provided under this Crowdfunding as this stage being funded establishes the commercialisation platform not the sales operation (the next stage). Air Future Ltd has modelled limited factory operations internally. 

 

WHO IS OUR CROWD?

To date Air Future Ltd has been supported by existing shareholders, directors, and executive, during the incubation stage. Now in entering commercialisation the Company seeks to invite public and sophisticated investors. 

The Company feels that there is growing support for reduction in greenhouse gases and climate change, plus an awareness that the political and commercial world have committed to this direction. But there is limited scope to invest, as many opportunities are either too large, or too progressed and expensive. 

 Air Future Ltd provides an opportunity to partake in the climate journey whilst at the same time doing so early enough that it’s affordable, and to join the journey over the timeline milestones that have been set by the Company. 

The Directors and executive stress that both the climate industry and this Company carry risks and uncertainties, and that you should not invest if doing so will be a stretch financially. There is never a guarantee of success, especially in the entrepreneurial stage. We refer you to the Information Memorandum, and consider carefully the opportunity in line with the risks or seek advice.

 

 

A note from PledgeMe

We have completed Equifax checks on the company, Air Future Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings. 

Updates 1

Thank you Pledgers and Followers

17/01/2022 at 12:29 PM

Thank you to our new Pledgers and Followers. 

Your early interest and Pledge is most welcome and provides a great boost to the Air Future Team.

 

The Christmas period has provided a much needed short break to stop and re-energise. 

Now that we are back we have already commenced refreshed activity. We have an advertising program on New Zealand Herald and Stuff - you may have seen our adverts with the promotion line “The Future or Fuel? - It’s Air.” This is great line taken from a quote by Guy Nègre the founder of MDI in interview on the Discovery Channel’s “Future Car Series” back in 2007. 

 

We have made a new video – it’s on our landing page.

 https://pledgeme.co.nz/investments/447-air-future-ltd  

The video shows the colourful AirPod 2.0 undergoing street trials at the MDI premises in Castagniers near Nice. This is world first.

The MDI Air Train that MDI built for Expo 2020 for transporting visitors and the Veolia refuse collection vehicle are also included in the video. Altogether it’s a live display of the compressed air technology demonstrating product versatility and yes they all RUN ON AIR alone.

 

We’ve also included some new pictures on the Campaign page. These can be viewed through the link above.

 

We have extended the offer period to 28 February 2022 to make our PledgeMe offer available to as many people as possible. This takes into account the quiet period of Christmas and January where historically little investment activity takes place.

 

I hope you enjoy our new video. Tell your friends about us.

 

As Guy Nègre said, “The Future Of Fuel? - ITS AIR.”

 

Kind regards, The Air Future team.

    Details

    Offer Details

    Current Valuation 21,723,296
    Raise Minimum 200,000
    Raise Maximum 1,850,000
    Share Price 0.08
    Minimum Pledge 1,000.00
    Maximum Shares Offered 23,125,000
    Explanation of valuation:

    Company Valuation – The Directors looked at three approaches to valuation and selected the lower of the three based on the adjusted historic share price. The Board has valued Air Future Ltd at $21.7M pre investment on the basis of historic share price and valuation of previous capital raisings. Currently the most significant raising was the Crowdfunding raise in December 2016 at 7 cents per share, in line with numerous smaller raisings ongoing. That valuation was $16.0M and the Board has elected to raise the value by $5.7M based on the progress over the period of both AFL and the licensor and the industry tailwind. The Board also carried out two other cross checks, the first being a comparable check across other private business capital raisings with sufficient commonality and the second a discounted cash flow of a projected factories earnings model.

    Projected Financials: No projections are being provided for Air Future Limited under this offer. This current funding stage is not revenue generating by itself but lays the all-essential platform for it. If successful that will see an increase in valuation in preparation for the funding for the factories and then production and sales.

    Historic Financials: Air Future Ltd is not yet operational so there has been not operational revenue. Over the last five-year achievements addressed herein the Company has sought to raise minimum capital, relying on shareholders and the executive team.

    Financial Summary

    Prev Year Current Year Est. FY 2023 Est. FY 2024
    Revenue NZ $0 NZ $0 NZ $0 NZ $0
    Operating Expenses -NZ $678 -NZ $535 NZ $0 NZ $0
    EBITDA -NZ $678 -NZ $802 NZ $0 NZ $0
    Net Profit -NZ $720 -NZ $832 NZ $0 NZ $0

    Company Details

    Company Name: Air Future Limited

    Company Number: 899632

    Company Documents

    Air_Future_Ltd-Constitution-May-2007.pdf

    (application/pdf, 689 KB, uploaded 27 September 2021)

    CertIncorporation_Air_Future__899632_18October2021.pdf

    (application/pdf, 589 KB, uploaded 28 November 2021)

    Company_Extract_Air_Future_.pdf

    (application/pdf, 1.42 MB, uploaded 28 November 2021)

    Air_Future_Information_Memorandum_-_FINAL.pdf

    (application/pdf, 3.64 MB, uploaded 02 December 2021)

    Director Details

    Name Role Profile URL Invested?
    Russell Fitts Director https://www.linkedin.com/in/russell-fitts-ab631816/?originalSubdomain=nz
    Michael Kain Director http://https://www.linkedin.com/in/mick-kain-8306a0147/
    Peter Macaulay Director https://www.linkedin.com/in/peter-macaulay-06421322/

    Questions

    Ask a Question (You must login to ask a question)

    Pledgers 27

    Siosiana Schaumkel
    2022-01-18 07:37:48 +1300
    Jake wise
    2022-01-16 20:49:03 +1300
    L B & RJ Whistler
    2022-01-15 22:32:03 +1300

    "Logic would suggest that the compressed air technology is a much more viable solution than batteries or hydrogen. The world desperately needs an alternative to fossil fuels that is affordable to the masses. Batteries have a whole lot of serious issues and most importantly does not provide the cheap solution we desperately need. If people took the time to actually understand what the technology is capable of investing in Air Future is a no brainer. I feel that the technology has the potential to be massive sucess story simply because when the world actually understands its potential in regard to reducing fossil fuel usage, not to mention local employment and massively reducing the importation of cars etc and will reduce the outflow of overseas funds. What people have to realise is that this is not some idea that may or may not work.This technology actually exists!!!! And NO Air Future did not have any imput in what I have stated here "

    Antonia Barlow
    2022-01-14 21:51:09 +1300
    Barbara Hay
    2022-01-13 11:09:07 +1300
    Naimish Randeri
    2022-01-13 11:01:58 +1300

    "Maybe email goes into spam so please text me in case if I don't pay by the bank transfer. My mobile is 0212399648"

    Ngahuia Wade
    2022-01-13 10:47:09 +1300
    TRACEY FISHER
    2022-01-13 09:48:45 +1300
    Michele Hosking
    2022-01-13 09:42:37 +1300
    Sebastiano Broadhead
    2022-01-11 11:33:15 +1300
    Hedley Bamford
    2022-01-11 01:05:53 +1300
    Next Ten Limited
    2022-01-02 13:07:32 +1300
    Michael Walton
    2021-12-30 15:27:00 +1300
    henry hope
    2021-12-30 13:31:18 +1300
    N Konijn
    2021-12-29 09:50:53 +1300
    Geoffrey Carswell Slack
    2021-12-19 13:20:02 +1300
    Alistair Betts
    2021-12-19 08:03:45 +1300
    Duncan Loney
    2021-12-18 15:32:33 +1300
    Cameron Power
    2021-12-14 21:11:57 +1300
    Alex Sharp
    2021-12-12 06:29:45 +1300
    Merv and Jutta Williams
    2021-12-08 19:01:26 +1300
    Donna Stubbs
    2021-12-08 15:28:45 +1300
    michal
    2021-12-08 15:21:51 +1300
    Stacey
    2021-12-08 08:09:58 +1300
    Stacey
    2021-12-08 07:14:35 +1300
    John
    2021-12-07 15:16:30 +1300
    richard macdonald
    2021-12-04 17:00:39 +1300

    "How easily can I find your people mover in Dubai when I visit in March?"

    Air Future Ltd

    Our mission is to assist consumers, businesses and overall New Zealand to accelerate affordably and enjoyably towards sustainable energy and demonstrate that clean vehicles and energy storage can be readily available for all people.

    The pictures herein are photos or digital productions of actual products unless indicated.

     

      

     

    ABOUT OUR COMPANY

    Air Future Ltd is a New Zealand company seeking to create a revolutionary niche in New Zealand’s shift to a cleaner climate. New Zealand along with the rest of the world is increasingly aware of the need and targets to battle climate change. Air Future Ltd seeks to roll out its clean products across New Zealand, Australasia, and the Pacific Islands; products spanning both clean transport and energy storage in homes and communities with local manufacture and employment.  

    A new era of compressed air energy & storage & clean vehicles

    We plan to commence with the current range of entry products and aim to expand that via development of further products to meet the anticipated growing demand for a cleaner climate. Our technology and products are the brainchild of our technology partners, MDI in France, who have the brand and the patents whereby they replaced chemical battery storage with cleaner compressed air storage.

     

    Products for everyone in a clean climate era

    Air Future Ltd seeks to mass commercialise these products, as MDI do not mass commercialise themselves but only do research and development or private client fulfilment. We consider that this is a great opportunity for both partners, and especially for Air Future Ltd having the exclusive licence rights for all the Australasian region. What we seek to do is to create an Australasian showcase for the technology and products, a global first, by rolling out the entry products. Success will have  broader beneficial implications both geographically and for future products.

     

    Australasian region includes Australia, New Zealand and Pacific Islands.  Air Future Ltd has purchased entry product licence rights for Australasia.

    Air Future team and MDI in France. Chairman Russell Fitts with Cyril Negre in Airpod 2.0.

     

    Why Australasian showcase

    Australasia combines a huge geography and variation in climate and many different cultures and languages. Generally the climate has sufficient stability and flexibility for sunshine and wind clean climate projects. Australia is a world leader in solar and in energy storage and is advancing srtongly in community energy.

    Above is an artist’s impression of our vision for the future showing a household with the pipeline AirOne family car, the AirPod utility vehicle, the Airwall energy storage unit, rooftop solar, and a Veolia MDI AirBom waste collection vehicle.

     

    The product technology seeks to create products that are practical and affordable for the masses, focusing on transport  and energy storage, including broad applications for transport and for home or community solar storage. Current chemical batteries or hydrogen have numerous disadvantages creating niche markets for Air Future Ltd.

     

     

     

    The technology’s storage unit consists of a uniquely designed compressed air engine, integrated with functions providing compression, storage, expansion, and thereby power to drive a vehicle or generate electricity – the original energy source being solar or wind or the electricity grid. Storage is flexible by varying the engine capacity or the storage tanks. In effect it’s a “compressed air battery”. 

    Vehicles are constructed using very strong but lightweight composite materials (similarly to in racing cars) and there will be an option for a hybrid using biofuel to add further to the range. Refill options can be speedy via air stations or alternatively by home plug in. 

    Pictures of parts being constructed in Europe for World Expo Dubai (October ‘21)

     

    The above relates to a private client project by MDI in Europe but is indicative of the operation intended for Australasia. Components can be outsourced or constructed and assembled in proprietary factory locally. Factories are what is called “turnkey” meaning they are pre-designed and replicated regionally. 

     

     

     

    WHAT WE HAVE DONE SO FAR

     

    Air Future Ltd has operated with the small executive team below using outsourcing of personnel and functions as needed, plus ably supported by MDI.

     

    Executive focus has been on preparation for the following areas: products, organistation structure, markets, manufacture, and operations and sales channels. 

    Products have been the primary focus, securing the optimal licensing rights for the following entry level products, with the AirOne in pipeline. Potential future products for which further agreements would be sought  are in the Information Memorandum. Exclusivity spans products below.

    Organisational structure has separated the functions needed for Air Future Ltd, those being incubation and investment, regional operations, and the two industries transport and energy. Each company has independence to generate most benefits within their area across Australasia and hence to Air Future Ltd and New Zealand as seen in the following diagram. 

     

    Markets are the driving force behind the showcase rollout, and the priority in application of funds. The following give a brief introduction for each entry product.  

    A major development being brought by renewable energy is distributed energy, for example in homes, communities, businesses, or remote locations. The modular nature of our technology’s storage is particularly well suited to the developments.

     

                                                                      

    Solar, wind, homes, communities, buildings, commerce and industry have the opportunity to become more self sufficient, cleaner, and to lower costs via renewable energy. The hurdle is to counter intemittency – when sun and wind are absent. That needs storage, and AirPower and AirWall technologies have unique benefits over chemical batteries.

     

     

    Our Future Plans

    The current funding is intended to be applied to the immediately planned funded projects spanning markets & channels, demonstrations & pilots, and factory funding & preparation. In addition though, it’s important to establish the platform future projects. The latter including the funding of manufacture, factories and regional rollout will be separately funded, their foundation will be established by the current projects. 

    Manufacture factory/production construction is what is called turnkey, meaning designed and provided by the licensor MDI in replicable form, and Air Future Ltd adapt the process to requirement for products and volumes to be manufactured. There is flexibility in manufacture, and the plan is in four phases: import demonstration product or outsource to local manufacture; smaller entry level factory; and upgrade to full operating mode as sales are expanded across regions.  

    The immediate application of current investment sought can be seen in the following schematic under PLANNED FUNDED PROJECTS. This establishes the platform for commercialisation rollout under the PLATFORM FUTURE PROJECTS. 

     

    Planned Funded Projects

    The current funds sought will be used to implement the following two projects, plus appropriately resource and conduct the company's business.

    Planned Future Projects

    Whilst to achieve the above milestones is the current use of proceeds, in parallel they will set in place the platform to implement the next projects below and the commercialisation of the business.

     

     

    Turnkey (replicable) factory design enables us to show examples of factory equipment in an operating factory. These pictures have been provided by MDI as used in their private client production. Our mass factories are intended to use the same process.

     

     

    Sales channels, once markets are established under the immediate investment stage, are intended to focus on known distribution channels. Except for social media and direct marketing, sales are planned to be via wholesale channels and distributors. 

    Sales channels already exist, and we just need to tap into them. Examples are solar panel companies, energy retailers, non-tied car distributors, specific industry sales channels such as for agriculture. Product advantages benefit channels.

     

     

    WHAT THE FUNDS ARE FOR

    This Crowdfunding is for $1,850,000 with minimum to be raised of $200,000. Minimum individual pledge is $1,000. Our focus intentions are on the markets & channels, demonstrations & pilots, and factory funding and preparation. By establishing these milestones the platform is set for subsequent factory building, production and sales, regional rollout, and further products.

    Air Future Ltd timeline for the Australasian showcase is via progressive milestones over 1-3-5 years, with parallel increase in valuation sought, along with the aim to establish shareholder liquidity (yet to be progressed). In parallel $1,150,000 is sought from wholesale investors making the total $3,000,000.         

    Projected Financials are not provided under this Crowdfunding as this stage being funded establishes the commercialisation platform not the sales operation (the next stage). Air Future Ltd has modelled limited factory operations internally. 

     

    WHO IS OUR CROWD?

    To date Air Future Ltd has been supported by existing shareholders, directors, and executive, during the incubation stage. Now in entering commercialisation the Company seeks to invite public and sophisticated investors. 

    The Company feels that there is growing support for reduction in greenhouse gases and climate change, plus an awareness that the political and commercial world have committed to this direction. But there is limited scope to invest, as many opportunities are either too large, or too progressed and expensive. 

     Air Future Ltd provides an opportunity to partake in the climate journey whilst at the same time doing so early enough that it’s affordable, and to join the journey over the timeline milestones that have been set by the Company. 

    The Directors and executive stress that both the climate industry and this Company carry risks and uncertainties, and that you should not invest if doing so will be a stretch financially. There is never a guarantee of success, especially in the entrepreneurial stage. We refer you to the Information Memorandum, and consider carefully the opportunity in line with the risks or seek advice.

     

     

    A note from PledgeMe

    We have completed Equifax checks on the company, Air Future Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings. 

    Thank you Pledgers and Followers

    17/01/2022 at 12:29 PM

    Thank you to our new Pledgers and Followers. 

    Your early interest and Pledge is most welcome and provides a great boost to the Air Future Team.

     

    The Christmas period has provided a much needed short break to stop and re-energise. 

    Now that we are back we have already commenced refreshed activity. We have an advertising program on New Zealand Herald and Stuff - you may have seen our adverts with the promotion line “The Future or Fuel? - It’s Air.” This is great line taken from a quote by Guy Nègre the founder of MDI in interview on the Discovery Channel’s “Future Car Series” back in 2007. 

     

    We have made a new video – it’s on our landing page.

     https://pledgeme.co.nz/investments/447-air-future-ltd  

    The video shows the colourful AirPod 2.0 undergoing street trials at the MDI premises in Castagniers near Nice. This is world first.

    The MDI Air Train that MDI built for Expo 2020 for transporting visitors and the Veolia refuse collection vehicle are also included in the video. Altogether it’s a live display of the compressed air technology demonstrating product versatility and yes they all RUN ON AIR alone.

     

    We’ve also included some new pictures on the Campaign page. These can be viewed through the link above.

     

    We have extended the offer period to 28 February 2022 to make our PledgeMe offer available to as many people as possible. This takes into account the quiet period of Christmas and January where historically little investment activity takes place.

     

    I hope you enjoy our new video. Tell your friends about us.

     

    As Guy Nègre said, “The Future Of Fuel? - ITS AIR.”

     

    Kind regards, The Air Future team.

      Offer Details

      Current Valuation 21,723,296
      Raise Minimum 200,000
      Raise Maximum 1,850,000
      Share Price 0.08
      Minimum Pledge 1,000.00
      Maximum Shares Offered 23,125,000
      Explanation of valuation:

      Company Valuation – The Directors looked at three approaches to valuation and selected the lower of the three based on the adjusted historic share price. The Board has valued Air Future Ltd at $21.7M pre investment on the basis of historic share price and valuation of previous capital raisings. Currently the most significant raising was the Crowdfunding raise in December 2016 at 7 cents per share, in line with numerous smaller raisings ongoing. That valuation was $16.0M and the Board has elected to raise the value by $5.7M based on the progress over the period of both AFL and the licensor and the industry tailwind. The Board also carried out two other cross checks, the first being a comparable check across other private business capital raisings with sufficient commonality and the second a discounted cash flow of a projected factories earnings model.

      Projected Financials: No projections are being provided for Air Future Limited under this offer. This current funding stage is not revenue generating by itself but lays the all-essential platform for it. If successful that will see an increase in valuation in preparation for the funding for the factories and then production and sales.

      Historic Financials: Air Future Ltd is not yet operational so there has been not operational revenue. Over the last five-year achievements addressed herein the Company has sought to raise minimum capital, relying on shareholders and the executive team.

      Financial Summary

      Prev Year Current Year Est. FY 2023 Est. FY 2024
      Revenue NZ $0 NZ $0 NZ $0 NZ $0
      Operating Expenses -NZ $678 -NZ $535 NZ $0 NZ $0
      EBITDA -NZ $678 -NZ $802 NZ $0 NZ $0
      Net Profit -NZ $720 -NZ $832 NZ $0 NZ $0

      Company Details

      Company Name: Air Future Limited

      Company Number: 899632

      Company Documents

      Air_Future_Ltd-Constitution-May-2007.pdf

      (application/pdf, 689 KB, uploaded 27 September 2021)

      CertIncorporation_Air_Future__899632_18October2021.pdf

      (application/pdf, 589 KB, uploaded 28 November 2021)

      Company_Extract_Air_Future_.pdf

      (application/pdf, 1.42 MB, uploaded 28 November 2021)

      Air_Future_Information_Memorandum_-_FINAL.pdf

      (application/pdf, 3.64 MB, uploaded 02 December 2021)

      Director Details

      Name Role Profile URL Invested?
      Russell Fitts Director https://www.linkedin.com/in/russell-fitts-ab631816/?originalSubdomain=nz
      Michael Kain Director http://https://www.linkedin.com/in/mick-kain-8306a0147/
      Peter Macaulay Director https://www.linkedin.com/in/peter-macaulay-06421322/

      Ask a Question (You must login to ask a question)

      Siosiana Schaumkel
      2022-01-18 07:37:48 +1300
      Jake wise
      2022-01-16 20:49:03 +1300
      L B & RJ Whistler
      2022-01-15 22:32:03 +1300

      "Logic would suggest that the compressed air technology is a much more viable solution than batteries or hydrogen. The world desperately needs an alternative to fossil fuels that is affordable to the masses. Batteries have a whole lot of serious issues and most importantly does not provide the cheap solution we desperately need. If people took the time to actually understand what the technology is capable of investing in Air Future is a no brainer. I feel that the technology has the potential to be massive sucess story simply because when the world actually understands its potential in regard to reducing fossil fuel usage, not to mention local employment and massively reducing the importation of cars etc and will reduce the outflow of overseas funds. What people have to realise is that this is not some idea that may or may not work.This technology actually exists!!!! And NO Air Future did not have any imput in what I have stated here "

      Antonia Barlow
      2022-01-14 21:51:09 +1300
      Barbara Hay
      2022-01-13 11:09:07 +1300
      Naimish Randeri
      2022-01-13 11:01:58 +1300

      "Maybe email goes into spam so please text me in case if I don't pay by the bank transfer. My mobile is 0212399648"

      Ngahuia Wade
      2022-01-13 10:47:09 +1300
      TRACEY FISHER
      2022-01-13 09:48:45 +1300
      Michele Hosking
      2022-01-13 09:42:37 +1300
      Sebastiano Broadhead
      2022-01-11 11:33:15 +1300
      Hedley Bamford
      2022-01-11 01:05:53 +1300
      Next Ten Limited
      2022-01-02 13:07:32 +1300
      Michael Walton
      2021-12-30 15:27:00 +1300
      henry hope
      2021-12-30 13:31:18 +1300
      N Konijn
      2021-12-29 09:50:53 +1300
      Geoffrey Carswell Slack
      2021-12-19 13:20:02 +1300
      Alistair Betts
      2021-12-19 08:03:45 +1300
      Duncan Loney
      2021-12-18 15:32:33 +1300
      Cameron Power
      2021-12-14 21:11:57 +1300
      Alex Sharp
      2021-12-12 06:29:45 +1300
      Merv and Jutta Williams
      2021-12-08 19:01:26 +1300
      Donna Stubbs
      2021-12-08 15:28:45 +1300
      michal
      2021-12-08 15:21:51 +1300
      Stacey
      2021-12-08 08:09:58 +1300
      Stacey
      2021-12-08 07:14:35 +1300
      John
      2021-12-07 15:16:30 +1300
      richard macdonald
      2021-12-04 17:00:39 +1300

      "How easily can I find your people mover in Dubai when I visit in March?"

      Equity Offer

      From NZ $200,000 for 0.9%

      Up to NZ $1,850,000 for 7.8%

      Share Offer

      Up to 23,125,000 Shares

      at NZ $0.08 per Share

      Investor Perks

      (Determined by your pledge amount)

      Shares In Air Future Limited

      NZ $1,000.00+

      Ordinary shares in Air Future Limited. Minimum investment of $1,000 for 12,500 shares. Shares are $0.08 each.

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.