I see you are using conventional drone technology. What is the difference between your H1 and a standard drone? What makes it so unique that someone else can’t do it?
Doroni H1’s main advantages are based on an optimized combination of solutions, creating a true synergy. The design is so unique and efficient that we registered two patents on design and aerodynamic features. Based on five years of developments and testing, we founded this design, which makes our product compact, safe, easy to buy, simple to pilot, efficient for hovering, and able to fly horizontally.
Why does Doroni look like this instead of Archer or other brands?
We envision a vehicle that’s accessible to the general population. So we designed our H1 to be the size of a two-car garage with a simple structure, easy maintenance, and a zero point failure level. Our market niche is personal vehicles, not urban mobility.
Why did you make coaxial props for vertical take off?
Coaxial prop configurations are the most compact solution for vertical take off. They also offer higher levels of redundancy and efficiency. Part of Doroni’s vision is to fit the H1 in your standard two-car garage.
Why didn’t you use tilting rotors?
Tilting rotors will add unnecessary weight and complexity to our simple, compact, and effective design. Integrating tilting rotors will increase the weight and the number of moving parts, reducing our safety levels. At this point, we feel that the increased cost is not worth the small gains.
How will you offerget a low price if competitors cost millions of dollars?
Doroni is using existing proven components and materials and is simple with minimum parts. No tilting rotor, no big battery, no specific materials (we don't intend to innovate new materials or take something that only exists in the labs) — only high-grade existing components, combined in an optimum way.
Why do you make it two seats, not four or five as competitors?
As statistics show, the average number of passengers in a personal car is less than two. We made Doroni useful, compact, and affordable for as many people as possible. Such a configuration is also useful for police and paramedics teams.
Where can I find info on charging times and requirements?
You can expect a 15-minute charge time for 80% of capacity and 30 minutes for full charge. However, it is always recommended that a slower charge rate is used for maximum lifespan of the cells. We expect both charging time and capacity to be dramatically improved as the automobile industry is rapidly moving into electric cars.
How do you control for terrorism (i.e., flying the Doroni into a crowd or building — manned or unmanned)?
There are multiple sensors (360D of anti-collision sensors technology used by the automotive industry) and onboard emergency protocols. Also, through the use of GeoFencing, the Doroni will not be able to fly into TFR (Temporary Flight Restricted) areas which will be protecting heavily congested areas of people gathering (sports stadiums, downtown areas, etc.) and other areas of highly protected officials.
The FAA will be controlling air traffic in highly populated cities with systems such as https://www.anratechnologies.com/home/smartskies-uam/ | https://www.youtube.com/watch?v=AQxPY4421SE&t=25s
How long will the FAA study this before allowing mass production and sales?
As part of the aviation world, we have to meet the Federal Aviation Administration’s LSA regulation standards. We have already started working with DER (Designated Engineering Representatives) to approve or recommend technical data to the FAA. (DER are responsible for confirming that engineering data complies with the appropriate airworthiness standards.) We also plan to bring on Designated Airworthiness Representatives.
Where do you plan to manufacture Doroni?
We are interested in outsourcing whatever is already out there. Currently, we’re in discussions with various strategic partners and suppliers to support a scalable production capability. We’ve already been in communication with aerospace manufacturers both in the U.S. and abroad. We have a few subcontractors lined up to work with us on our first three milestones. Space Florida has also offered to build our production facility in Florida, including tooling, to help scale up our production.
Does the Doroni H1 have onboard flight controls or is it completely reliant on automated flight paths?
Doroni will be piloted with optional remote control. In the future, it will be autonomous.
Do you have any IPs?
We have two pending patents on design and aerodynamics features.
How many letters of intent do you have?
We have one letter of intent and are currently working on two more.
Let's consider the worst case scenario. If you’re unable to deliver in the next three years (due to any known or unknown challenge), what will be the next steps as no one has built any such product in the market so far?
The technology to build the Doroni H1 eVTOL is already here. This means that in our worst case scenarios, we can be delayed but not come to a halt. A situation like that can be anticipated. We have already prepared our development milestones for the next three years. They include completing and certifying our H1 go-to-market products.
How confident you are about launching in the next three years, and can you please share a high-level roadmap or project plan which shows your confidence?
Our milestones are:
H1 digital twin: a full-scale showroom display model
A full-scale propulsion system in 12 months
Flying full-scale prototype in 18 months
Complete FAA certification and begin sales in 30 months
How many rounds of funding have you raised so far? Do you have enough money to sustain the next three years or are you going to raise the next rounds as well?
Until now, all the funds came from our founder Doron Merdinger. We are in the process of raising additional funding to support research & development and initial production.
How will the money raised in this round be used?
With $1M, we plan to complete three milestones: Doroni H1 digital Twin, one full-scale propulsion system (two coaxial counter-rotating motors in a duct), and full-scale showroom model.
Do you know when the company might go public?
A start-up company has the luxury of controlling its future. The exit strategy for investors could be a path to going public as well as potentially merging or being acquired by a private equity firm or a larger public company.
I would like to invest, but I am reluctant because I see no women listed as members of management and there are no women in the ads. Are you suggesting women cannot purchase or enjoy one?
Women are drastically underrepresented in the aviation industry worldwide, having one of the lowest percentages of female participants. Where globally women make up 47% of the workforce, only roughly 5% of women exist in the aviation portion. Doroni is an equal opportunity employer. There are a number of qualified women and minority candidates we plan to recruit as we complete the next round of funding. As positions become available, we will be posting them on our website. We also accept unsolicited resumes from interested candidates.
Have you had a competitive analysis or value proposition versus competition that has a headstart over you?
For the initial stage, our strategy is to develop an LSA targeted at first responders, armed forces, and recreational users. In that sense, we let the big players fight for the eVTOL market while we are developing our own two-seater vehicles.
Without annual revenue, why is this company worth $14 million?
The pre-money valuation has been calculated on a fully diluted basis. In making this calculation, we have assumed:
(i) all preferred stock is converted to common stock;
(ii) all outstanding options, warrants, and other securities with a right to acquire shares are exercised; and
(iii) any shares reserved for issuance under a stock plan are issued.
Our finance team arrived at the $14M valuation based upon the status of our development at Doroni Aerospace. Our two submitted patents on design and aerodynamics features put us in a position of strength ahead of our competitors, and our market analysis has reinforced our belief that we are developing the right product to meet growing market demand for personal eVTOL aircraft.
Other eVTOL companies are currently worth over $1B each. As far as the technology advancement and the current stage of Doroni Aerospace, we have a working prototype and patents. The pre-money valuation was set by the company internally and isn't set by a third-party appraisal. We believe that by achieving our 12 monthly milestones, the company will be worth over $100M.
With the estimated $1.5T valuation by 2040 in a CAGR of 30.30% by 2030, we believe that Doroni's $14M pre-money valuation is conservative.
How will you market this product?
We plan to market the H1 in several ways, including:
Direct sales: primarily for local government agencies such as first responders.
Our approach to the consumer market will have a two-prong approach. First, we plan on having a “Brand Awareness Center” in major shopping malls in specific markets.
Second, we are exploring leveraging established dealer networks to penetrate as broad a market domestically as possible. Our launch campaign domestically includes a series of print, press releases, and social media marketing to launch the H1.
Our international marketing strategy will be driven in part by regional government acceptance of personal eVTOL vehicles. For example, the Transport Ministry in Japan is working to establish standards and licensing requirements for eVTOL vehicles by the end of 2023.
What kind of conditions are you expecting to operate these vehicles in?
There are many varying conditions throughout the world that an eVTOL can experience. As part of our safety testing and evaluation, we will be subjecting the H1 to various flying conditions prior to sale. The H1 Operating Manual will identify any weather operating limitations of the H1.
It is hard for helicopters to land; how will it work with the eVTOL?
Aircraft, helicopters, and eVTOL are able to take off and land anywhere with the landowner’s consent.
eVTOL will also land in vertiports and on helipads: https://aerocorner.com/blog/can-helicopters-land-anywhere/
How do we prevent accidents/traffic in the sky?
There are multiple sensors (360D of anti-collision sensors technology used by the automotive industry) and onboard emergency protocols. The FAA will be controlling air traffic in highly populated cities with systems such as https://www.anratechnologies.com/home/smartskies-uam/ | https://www.youtube.com/watch?v=AQxPY4421SE&t=25s
What does Doroni’s safety analysis say about what happens if one of the rotors of its 4-rotor concept fails?
The H1 has 10 independently controlled propulsion systems, including two pushers for horizontal and eight for vertical flights. In each duct, there are two coaxial counter-rotating motors. The H1 can land using four vertical motors/propellers minimum.
Can Doroni fit in a general two-car garage?
Yes. Doroni will fit in a garage with a minimum size of 22x22 feet and a door 16 feet in width.
Do you see governments facilitating commuting with personal eVTOL such as the Doroni H1?
We understand that personal eVTOL is already being reviewed as a personal form of transportation.
Japan’s transportation ministry plans to establish standards on performance and safety, as well as a licensing system, to allow flying cars by the end of 2023 — ahead of the Osaka World Expo in 2025. The ministry initially sees the use of eVTOLs as a method to transport goods or save lives at times of disaster; however, it could allow flying car operations in urban areas within the next 10 years.
Here are a few articles about the use of personal eVTOLs that prove that governmental agencies are already planning to use eVTOL for personal use: