Funding Details
- Awarder
- StartEngine
- Date Award
- March 17, 2022
- Vertical
- Personal Air Mobility
- Funding URL
- View Funding Page
- Premoney Valuation
-
$5,280,000
- Valuation
-
$8,800,000
Company Info
- Founding Year
- 2020
- Traction
- Exovolar has designed, fabricated, and tested the thrust vector technology core to their system's control. They have all the necessary hardware for the first prototype and a dedicated airport location for tests. The company is focused on advancing the technology to enable individuals to fly hands-free and perform tasks in the air.
- Organizations Involved
- Air Force, ProtoFlight™, PowerGlide™
- Founders
- Guanhao Wu, Ton Duong, Andrea Giannini
- Company Description
- Exovolar aims to democratize the superpower of human flight by making wearable personal air mobility practical & accessible. They are developing a simulated, automatic, and handsfree control algorithm to enable humans to navigate the sky easily. The company has a number of government and commercial projects in the pipeline, including interests from the Air Force, ProtoFlight™, and PowerGlide™.
- Market
- Commercial and Military
- Location
-
Union City,
NJ,
US
- Coinvestors
- None
Links