Flying Ship Technologies, Corp.

Flying Ships: aero-marine hybrid technology

Flying Ship Technologies, Corp.

Flying Ships: aero-marine hybrid technology

Leesburg, VA
Transportation
Flying Ship Technologies, Corp., is building unmanned, autonomous, green wing-in-ground-effect vessels to deliver goods efficiently to hard-to-reach destinations. Combining green technologies and 21st century aerodynamics dramatically decreases vessel cost, improves energy efficiency and eliminates greenhouse gas emissions.

$116,413

raised
129
Investors
$100M
Valuation
$11.11
Price per Share
$111.10
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$116,413

raised
129
Investors
$100M
Valuation
$11.11
Price per Share
$111.10
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Flying Ship Technologies, Corp.:

$111+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000+
Investment
$1,000 Tier
Invest $1,000 and receive 2% in bonus shares
$2,500+
Investment
$2,500 Tier
Invest $2,500 and receive 4% in bonus shares
$5,000+
Investment
$5,000 Tier
Invest $5,000 and receive 6% in bonus shares
$10,000+
Investment
$10,000 Tier
Invest $10,000 and receive 8% in bonus shares
$50,000+
Investment
$50,000 Tier
Invest $50,000 and receive 10% in bonus shares

Reasons to Invest

Eco-friendly innovation: Flying Ship Technologies, Corp. is the only company offering autonomous, green ground effect vessels.
Proven market interest: The global logistics market is growing at a 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.
Cost-effective: The Flying Ships will deliver goods significantly faster than boats at a quarter the cost of airplanes.


*$13 trillion 2027 revenue  (source)


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product. The Company's Chief Executive Officer and Chief Operating Officer both currently each have their own private consulting LLCs. At this time, their primary sources of income come from these businesses and they dedicate approximately 60% of their time to Flying Ship. Both executives plan to focus 100% of their time on Flying Ship once the company receives additional funding.

OVERVIEW


Delivering expensive freight to difficult locations with aero-marine hybrid technology

Flying Ship Technologies, Corp. is creating unmanned maritime shipping vehicles. Using technology harnessing the aerodynamic principle of ground effect and artificial intelligence, the ships travel on a cushion of air just over the water. These Flying Ships are classified as maritime wing-in-ground effect vessels rather than airplanes. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


These revolutionary, all-electric vessels enable shippers to deliver goods to hard to reach locations utilizing a flexible distributed logistics network, rather than being restricted by a legacy spoke-and-hub model. Within the next three years, zero-emission Flying Ships are on track to provide access to countless delivery points significantly faster than ships and with lower operating costs than aircraft.


The above are estimates based on the company's knowledge. The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


THE PROBLEM


Delivering goods overseas is expensive and inefficient 

Trying to ship equipment, food, or medicine from the United States to the Bahamas is either expensive or slow. Shipping goods currently relies on planes, trucks, boats and trains, all of which give off CO2 emissions and are limited to fixed infrastructure. Huge increases in demand for shipping will only increase pollution and congestion on existing infrastructure.



THE SOLUTION


A new mode of cargo transportation that’s cost-effective and eco-friendly

Flying Ships provides a less expensive, more flexible, green alternative for delivering cargo to traditional ports and hard-to-reach locations. Our revolutionary vessels optimize fast and inexpensive delivery of goods and enable shippers to utilize a flexible distributed logistics network, rather than being restricted by a legacy spoke-and-hub model. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


The first generation of all-electric Flying Ships will be approximately thirty-six feet long and will operate within the maritime domain for commercial markets. The vessel will dock using existing marinas, beaches, and boat ramps to efficiently deliver goods. The maximum payload will be approximately 2,500 pounds and the vessel will have a range of more than 300 nautical miles. The first-generation Flying Ships will be semi-autonomous and next-generation models will be fully autonomous. We plan to build larger versions so we can ship 85 tons across  7,000 nautical miles for global transport using alternative green propulsion systems.


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


Global logistics companies and government agencies are actively engaged with Flying Ship Technologies, Corp. to purchase these revolutionary vehicles to enhance their logistics capabilities.


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.



THE MARKET


Disrupting a $13 trillion market

The logistics market has seen a surge in the need for time-critical, price-sensitive goods. The cargo/logistics market is growing at a compound annual growth rate of 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.




The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


We believe Flying Ship Technologies, Corp. is the only company offering autonomous, green, maritime ground effect vessels to address significant demand growth in the logistics industry. One company, Elroy Air, has received $50 million in investment to develop an autonomous, hybrid-electric vertical takeoff and landing drone with a maximum range of 300 miles and a payload of 300-500 pounds for rural delivery. This clearly indicates strong interest in emerging technologies for medium-range, medium-payload applications. 


Unlike Flying Ships, their product is designed to operate over land in the airspace system under more stringent FAA regulations, increasing costs and potential certification delays. Other companies are working in adjacent markets — primarily in the piloted passenger market segment. 

OUR TRACTION


Multiple patents filed; major strategic partnerships secured 

We’ve filed three utility patents for our designs and we’ve executed several agreements for strategic partnerships, including a memorandum of understanding on a potential joint venture in Greece. We’ve developed two working ground effect vessels. 


We’ve used a ⅙ scale functioning demonstration vessel to test and validate sensor systems to be used in the commercial product and raise our Technology Readiness Level to 5. We are on track to deliver the first Flying Ship to a commercial customer within the next three years. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.


WHY INVEST


Support a green global logistics network

Join us to create a faster, more flexible, green global logistics network that will enhance access to coastal locations around the world. 


The Company is currently in the early development stage and developing its prototype product. Flying Ship products are not yet available on the market. These images are computer-generated demo versions of the product.

In the Press

Sea Technology Magazine

Flying Ships: Autonomous Wing-in-Ground Effect Vessels Coming to Market (Pages 27-30)

Aviation Week

New RFI Revives DARPA Interest In Wing-In-Ground-Effect Vehicles

Aviation Week

Advanced Air Mobility Emerging As A Multifaceted Industry

Aviation Week

European Customer Signs For Cargo Ekranoplans

ASSEMBLY Magazine

Nature Inspires Wing-in-Ground-Effect Aircraft

Virginia Economic Review Fourth Quarter 2021

Unmanned Vehicles Poised for Impact Beyond Package Delivery

CNN

The 'Caspian Sea Monster' rises from the grave

Offering Summary


Company

:

Flying Ship Technologies, Corp.

Corporate Address

:

15 E. Market St, Suite 615, Leesburg, VA 20175

Offering Minimum

:

$9,999.00

Offering Maximum

:

$1,069,992.99

Minimum Investment Amount

(per investor)

:

$111.10











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

900

Maximum Number of Shares Offered

:

96,309

Price per Share

:

$11.11

Pre-Money Valuation

:

$99,990,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based Perks

Invest in the first 5 days, get 20% bonus shares

Invest in the next 5 days, get 15% bonus shares

Invest in the first month, get 10% bonus shares

Amount Based Perks

Invest $1,000 and receive 2% in bonus shares 

Invest $2,500 and receive 4% in bonus shares 

Invest $5,000 and receive 6% in bonus shares 

Invest $10,000 and receive 8% in bonus shares 

Invest $50,000 and receive 10% in bonus shares 

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Flying Ship Technologies, Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $11.11 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $1111. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
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Cash And Cash Equivalents
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Accounts Receivable
$0.00 USD
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Short Term Debt
$0.00 USD
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Long Term Debt
$0.00 USD
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Revenues And Sales
$0.00 USD
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Costs Of Goods Sold
$0.00 USD
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Taxes Paid
$0.00 USD
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Net Income
$0.00 USD
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Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Aviation Community Welcomes the Future of Maritime Transportation in NC

2 days ago

Thank you to Sconce / PDSVISION for supporting The Flying Ship Company at Aviation Week Events' A&D Manufacturers Conference this week in Greensboro, NC. They showcased a full scale Flying Ship by allowing the participants to see it using their Augmented Reality (AR). We received an overwhelming response and interest in both the vessel and AR benefits. The Flying Ship Company continues to utilize Sconce as our partner of engineering tools and services to enable a more efficient development cycle.

Invite from the US Marine Corp. Association

5 days ago

The President and CEO of the US Marine Corp. Association, LtGen (ret) Chiarotti, USMC, extended a personal invite for the Flying Ship leadership team to participate in Modern Day Marine last week to bridge the gap between Flying Ships and the Marines Corp.’s requirements.

We thank the LtGen for his service and his interest in our revolutionary transportation vehicles.

Congressman Maloney is on top of our technology!

12 days ago

See the two hour mark of this Congressional hearing:  Rep. Sean Patrick Maloney of New York's 18th district calls wing-in-ground effect vehicles, "remarkable crafts that attempt to use new technology to operate above the surface of water on dynamic air suspension and can attain speeds in excess of one hundred miles per hour." And he goes on to tell the Commandant of the U.S. Coast Guard, Adm. Karl Schultz, "I know for your missions in the East Pacific, for example, getting those distances would be very helpful, but I'm sure for other missions, as well."

We could not agree more! Adm. Schultz, we are here to help!

Opa! Flying Ships are off to Greece!

16 days ago

Flying Ship Technologies, Corp.'s leadership and Spirit World Ltd, a European shipping, maritime, logistics, and transportation company, will be bringing Flying Ships to the European market during Posidonia 2022 in early June. Posidonia 2022, the world's largest shipping event, will open the door for the Flying Ship leadership team and Spirit World to bring unmanned ground effect vessels to European customers, suppliers and partners.  

With a geographical presence that ranges from Greece to Hong Kong, Spirit World is a Greek multinational conglomerate that offers diversified transportation solutions, such as vessel shipping management, freight transportation, cargo forwarding, and vessel chartering and maintenance. In addition to their diverse maritime transportation capabilities, they design and build aeronautical systems.

Flying Ship Technologies, Corp. Appoints Kaydon Stanzione as Strategic Advisor

17 days ago

Flying Ship Technologies, Corp., is pleased to announce that advanced technology development and logistics expert Kaydon Stanzione has joined the Flying Ship Board of Advisors.

“Kaydon is an air mobility pioneer and brings a wealth of experience that will help our company change the global maritime logistics industry,” said Flying Ship Technologies, Corp. Founder and CEO Bill Peterson. “Our goal is to leverage his experiences and networks to continue our momentum to bring our unmanned ground effect vehicles to market.”

Stanzione has more than 30 years’ experience in advanced technology development serving in previous roles as Senior Engineer, Advanced Vehicle Design for Boeing and 20 years as Expert Advisor for the Department of Defense, where he was involved in evaluating the design and operational effectiveness of the V-22, F/A-18, and numerous other airborne and maritime systems for the U.S. and NATO military services. He is a co-founder of Jaunt Air Mobility LLC, where as CEO he was instrumental in securing initial funding and establishing partnerships with Uber Elevate and several of the world's leading aerospace manufacturers.

As the current CEO of LogistiWerx, Inc., a global freight management and licensed forwarder, Stanzione brings to Flying Ship Technologies behind-the-scenes insight into minimizing developmental and operational risks to reduce the return-on-investment timeline.

“Flying Ship Technologies is building the next wave of vehicles that will transform the way freight, parcels, and people will move,” Stanzione said. “As a former flight test engineer, commercial pilot, and current USCG Maritime Security Officer, I recognize that Flying Ship Technologies will revolutionize the logistics and supply chain business. With about half the world’s population living near coastlines, the impact on global economics and humanity are enormous. I am honored to be part of this advisory team and I’m excited to help them develop their fast, efficient, revolutionary maritime vehicles.” 

Stanzione is a recognized expert in in the aerospace and defense industry and has served as a Board Member of the Vertical Flight Society, Chaired the American Institute of Aeronautics and Astronautics (AIAA) Vertical and Short Takeoff and Landing (V/STOL) Aircraft Design Committee, authored two landmark advanced vehicle design computer programs and over 150 papers, including Aerospace Engineering in Encyclopedia Britannica. He was on the original review team for the U.S. Army Centers of Rotorcraft Excellence for Georgia Tech and the University of Maryland and received a U.S. Congressional Caucus Award for the development and deployment of the first digitally powered Incident Command System for the U.S. Coast Guard. 

Stanzione is an advocate for U.S. Veterans and serves as the Chairman of The Veterans Organization and was a 20-year Director for No Greater Love, a non-profit dedicated to serving families and the memories of the heroes killed or missing in action (KIA/MIA).

Insider Investment Notice

18 days ago

FlyingShip has an investment update. Insiders made investments for $3,293.23 amount in the Company’s current Reg CF offering. Please refer to the offering materials for further information and refer to the Company’s Risk Factors.

Flying Ship Technologies, Corp. surpasses the $100k milestone

27 days ago
We're excited to announce that we have raised more than $100,000 from more than 100 investors so far! We couldn’t be more grateful to everyone who's invested in the Flying Ship Technologies, Corp., StartEngine Campaign. This campaign has provided us with unprecedented opportunities for growth and development, and we are very excited to see what is yet to come. 

But there's still a long way to go to realize our dreams of disrupting the maritime logistics market with our Flying Ship vessels. As a reminder, we are the only company offering autonomous, green ground effect vessels to address explosive growth in the global logistics market. This unique opportunity to get in on the ground floor with us won't last long.

For those of you who haven't already jumped on board, you have a few days left to receive 10% bonus shares. This perk expires Wednesday, April 27, at 12noon ET.
Please visit our page at https://www.startengine.com/flyingship to invest.

Flying Ship CEO Shares the Stage with Aerospace Leaders

about 1 month ago

Exciting news! Flying Ship Founder and CEO Bill Peterson has been invited to speak on "The Future of Maritime Transportation" at the Aerospace & Defense (A&D) Manufacturing Conference in Greensboro, N.C., on Wednesday, May 18.


Sponsored by Aviation Week, the conference features remarks from aerospace and defense leaders across industry and government, including established companies like Deloitte, Eaton and Pratt&Whitney, alongside disruptive innovators like Boom Supersonic and Flying Ship Technologies, Corp.


Check out the conference agenda here


Meanwhile, thank you to everyone who has participated so far in investing in Flying Ship! We've already raised nearly $100k in our first three weeks! For those of you who haven't already jumped on board, you have one week left to receive 10% bonus shares. This perk expires Wednesday, April 27.

 

Here are some great reasons why you should invest in Flying Ship:

  • Eco-friendly innovation: Flying Ship Technologies, Corp. is the only company offering autonomous, green ground effect vessels.
  • Proven market interest: The global logistics market is growing at a 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.
  • Cost-effective: The Flying Ships will deliver goods significantly faster than boats at a quarter the cost of airplanes.

 

Click here to learn more

 

Thanks again for all your support – we truly can’t build this company without people like you.

 

All the best,

The Flying Ship Team

Flying Ship 3.0

about 1 month ago

Here Owen Radke--one of Flying Ship Company's test captains--is evaluating systems for a larger ground effect vehicle.


In a previous role, Owen developed and managed a variety of airborne and shipborne engineering projects for the U.S. Government (as well as multiple engineering companies) to include General Dynamics, Northrop Grumman and TRW. He is an FAA certified, single engine pilot and an unmanned certified UAS FAA Part 107 pilot.


Thanks to great progress from our StartEngine investors, a larger Flying Ship test vehicle with greater capabilities is in development for later this year.  


Only 12 days left before the early bird bonus shares expire. Invest today!

International Mandates Strengthen Demand for Flying Ships

about 1 month ago

In order to comply with the Paris Agreement, the International Maritime Organization demands that the international maritime shipping sector reduce carbon emissions by 50% by 2050. This is impossible to achieve without an established and well-coordinated supply chain, of which Flying Ship Company is a key player. As funding increases, it brings us closer to dominating the green corridor. The demand is real and the technology is here. Now is the time to put the pieces into place. Be a part of Flying Ship Company's role in this world-changing shift to create cleaner and more efficient shipping solutions. Invest today!

Flying Ship at Loudon Chamber 5G/Smart Cities event!

about 1 month ago

Flying Ship CEO and Founder Bill Peterson was at the Loudoun Chamber of Commerce's 5G /Smart Cities event, displaying our second Ground Effect Demonstration Vessel and talking about our autonomous, green logistics solution.


Big thanks to the Loudoun Technology Coalition, the Loudoun Chamber and the Academies of Loudoun for hosting us and giving us the opportunity to display our test vessel!


Meanwhile, thanks to everyone who has invested in Flying Ship Technologies, Corp.! We’ve been doing great so far, but there’s still a long way to go.


For the rest of the month, we’re continuing to offer a perk to early investors: 10% bonus shares! Please act within the next 20 days to receive this bonus offer.

Progress so far ...

about 2 months ago

Thank you to everyone who has participated so far in investing in Flying Ship! We've already raised more than $50k in less than a week! For those of you who haven't already jumped on board, you have one day left to receive 20% bonus shares. 

Here are some great reasons why you should invest in Flying Ship:

  • Eco-friendly innovation: Flying Ship Technologies, Corp. is the only company offering autonomous, green ground effect vessels.
  • Proven market interest: The global logistics market is growing at a 6.5% CAGR and will reach almost $13 trillion in annual revenue by 2027.
  • Cost-effective: The Flying Ships will deliver goods significantly faster than boats at a quarter the cost of airplanes.

Click here to learn more

Thanks again for all your support – we truly can’t build this company without people like you.

All the best,

The Flying Ship Team

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