Startup Details

Shannon Knudsen

Director, Strategic Projects

Parallel Flight Technologies, Inc.

Company Name

Parallel Flight Technologies, Inc.

Industry

Aerospace

Location

UNITED STATES

Developmental Stage

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Approx Revenue for current Year

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Type of funding

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Pre-money Valuation (USD)

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Type of offering

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Amount of Capital seeking in current round (USD)

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Previous capital raised (USD)

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Monthly Burn rate (USD)

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Company Description

Parallel Flight Technologies (PFT) develops and manufacturers next generation unmanned aerial systems (UASs / drones) using a patented new parallel hybrid electric architecture that enables its systems to carry heavy payloads 3 to 10 times farther than its competitors at 1/2 to 1/10 the cost of manned aircraft, its main competitors. PFT also provid... Read more

Product/Service Description

PFT is building its MVP all-electric ("Serenity") and MVP hybrid ("Firefly") heavy lift drones. Serenity can carry up to 100 lb for 15 minutes and is used for training, payload integrations, R&D and short distance operations. Based on the same frame with swapped propulsion modules, Firefly can carry 100 lb for over 2 hours. Due to its price, power,... Read more

Commentary

Management Team

Shannon Knudsen

Director, Strategic Projects

Joshua Resnick

CEO, CoFounder

David Adams

Director of Operations, CoFounder

Robert Hulter

Co-Founder and Director of Software and Controls

Advisor Team

Scott Watson

Battalion Chief at CalFire- Retired

Chris Krajewski

Director at Vertical Solutions

Mark Bathrick

Director at U.S. Department of the Interior, Office of Aviation Services

Previous Investors

Reg A+

Company Information

Date Company Founded
09/10/2018
Registered Location
Deleware
Legal Name
Parallel Flight Technologies, Inc.
Date Company Registered
09/10/2018
Address
, La Selva Beach, CA
Country