MightyFly on Republic

View details of this raise on Seedstage

San Leandro, CA

Developing autonomous hybrid-electric aircraft for efficient expedited delivery.

  • Innovative Aircraft: MightyFly develops autonomous hybrid-electric eVTOL aircraft for efficient cargo delivery.
  • Significant Contracts: The company has secured a $50M contract and $230M in letters of intent.
  • FAA Approvals: MightyFly has obtained FAA approvals for multiple flight areas, facilitating market expansion.
  • Proven Technology: Over 400 autonomous flights completed with three generations of aircraft developed.
  • Environmental Impact: The hybrid propulsion system aims to reduce emissions in logistics and aviation.

MightyFly is advancing the expedited delivery market with its autonomous hybrid-electric eVTOL aircraft. These aircraft are designed to carry cargo ranging from 100 to 500 pounds over distances of 600 to 1,000 miles, offering a fast, low-emission, and cost-effective delivery solution. The company’s subscription-based model targets both commercial and government sectors, providing on-demand delivery services and aircraft sales. MightyFly’s operations benefit from favorable unit economics, with projected operating costs significantly lower than traditional delivery methods.

The company has achieved significant milestones, including the development of three aircraft generations and over 400 autonomous flights. MightyFly has secured FAA approvals for multiple flight areas, enabling its expansion into the $319 billion expedited delivery market. The company has generated over a million dollars in revenue and secured substantial contracts and letters of intent. With strong federal support and a focus on reducing emissions, MightyFly is positioned to transform logistics with its innovative aircraft technology.

Company Info

MightyFly develops autonomous hybrid-electric eVTOL aircraft for efficient, low-emission delivery services.

MightyFly develops and operates autonomous hybrid-electric vertical takeoff and landing (eVTOL) aircraft designed for expedited delivery services. Targeting both business and government sectors, their aircraft can carry cargo between 100 to 500 pounds over distances of 600 to 1,000 miles. This capability allows for faster, more efficient deliveries compared to traditional methods, while also reducing emissions and operational costs. The company has completed over 400 autonomous flights and secured FAA approvals for multiple flight areas, enabling them to expand rapidly in the expedited delivery market.

MightyFly’s business model includes a subscription-based service for commercial deliveries and contracts with defense organizations. They have signed significant contracts and letters of intent, including a $50 million healthcare contract and a $230 million agreement for inter-island deliveries in Hawaii. Their aircraft are designed for high-capacity utilization with features like multi-stop routes and autonomous loading and unloading, making them suitable for a variety of delivery needs.

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