Feminine-led drone firm MightyFly raises $5.1 million seed funding to scale hiring and manufacturing of its eVTOL plane.
MightyFly, an autonomous air cargo provider, introduced in the present day that it has closed $5.1 million in seed funding. The spherical contains investments from 500 Startups, At One Ventures, World Founders Capital, Graph Ventures, and Halogen Ventures. The funding shall be used to develop hiring, scale-up MightyFly’s fleet, and construct the infrastructure required to help a worldwide community of hubs.
“MightyFly marries economies of scale with autonomy to utterly disrupt logistics, making fast, cost-efficient, and carbon-neutral cargo accessible to all companies and all areas,” stated MightyFly co-founder and CEO Manal Habib. MightyFly is the one female-led drone firm designing and manufacturing its personal drones to function a logistics service. “For me, aerospace is greater than a career, it’s a ardour—and a strategy to rework lives for the higher.”
The MightyFly MF-100 is a hybrid-electric vertical take-off and touchdown (eVTOL) plane with a cargo capability of 100 lbs., cruising velocity of 150 mph, and vary of 600 miles. It’s roughly the scale of a midsize automotive. A bigger plane with a cargo capability of 500 lbs. is deliberate. MightyFly plane are able to making a number of deliveries throughout the identical flight, rising utilization and route effectivity.
“MightyFly’s vary and payload are unprecedented within the expedited supply area in the present day. Most current supply platforms carry a lot lighter payloads a lot shorter distances. Whereas many conventional carriers are slowly shifting towards carbon-neutral and autonomous supply, MightyFly is able to take off. They’ve the power to vary how enterprise is finished,” stated John Formisano, a retired FedEx govt, previously VP of World Autos, and advisor to MightyFly.
Security is the primary precedence at MightyFly. The plane are constructed to the identical requirements as each business airplane within the sky and designed for double redundancy throughout all techniques, with a failure tolerance that’s even higher than manned techniques. MightyFly plane will broadcast Computerized Dependent Surveillance-Broadcast (ADS-B) out and in and shall be in communication with Unmanned Plane System Visitors Administration (UTM), in addition to MightyFly’s personal tower. Each MightyFly flight is supervised 24/7 by a human distant operator.
The MightyFly MF-100 has acquired a Particular Airworthiness Certificates from the FAA, and check flights are being carried out in California. The corporate goals to attain FAA Half 135 certification, and airworthiness certifications in different markets, like Australia and Asia.
The corporate is at present increasing its hiring to additional the event of its fleet and is searching for enterprise partnerships for proof-of-concept supply service operations.
MightyFly is remaking the way forward for logistics through massive autonomous cargo plane. We’re constructing patent-pending, autonomous, eVTOL plane with a cargo capability of as much as 500 kilos, vary of 600 miles, and velocity of 150 mph to offer fast and environment friendly bundle transport for companies and governments. mightyflying.com
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