Parallel Flight Technologies (Reg CF)
Funding Details
Awarder
StartEngine
Date Award
June 13, 2024
Vertical
Autonomous Systems
Funding URL
View Funding Page
Valuation
$82,360,000,000,000
Funding Amount
$754,310,100,000
Company Info
Traction
The company has signed 48+ LOIs and has valued their potential revenue at over $600 million. They are focused on testing and commercialization of their technology.
Organizations Involved
NASA, NSF, USDA
Founders
Joshua Resnick, David Adams, Bobby Hulter
Market
Multiple verticals including wildfire prevention, blood delivery, industrial logistics, military
Location
La Selva Beach, CA, US
Company Description

At Parallel Flight Technologies, we design autonomous drones that deliver heavy payloads with precision and speed, with partnerships across the globe and 48+ LOI’s signed. Our transformative Parallel Hybrid propulsion technology allows drones to carry heavy payloads exponentially longer than current technology, and can be applied across multiple global logistics verticals.

Links
Website
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