Exovolar Industries (Equity)
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
Funding Amount
$56,000,000
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
Market
Commercial and Military
Location
Union City, NJ, US
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™.

Links
Website
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