LIFT Aircraft

We develop drones capable of human flight.

LIFT Aircraft

We develop drones capable of human flight.

Austin, TX
Transportation
Clean Technology
We are creating a future where anyone can fly…and the future is starting now. Personal flight has historically only been available to a privileged few with the time and money to fly traditional aircraft. At LIFT, we’ve created a “drone for people” that anyone can pilot - making the joy and utility of zero-emissions, personal, vertical flight accessible to all.

$2,070,453

raised
816
Investors
$189M
Valuation
$2.66
Price per Share
$532.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$5M
Offering Max
Reg CF
Offering

$2,070,453

raised
816
Investors
$189M
Valuation
$2.66
Price per Share
$532.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$5M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into LIFT Aircraft:

$500+
Investment
$500+ Investment
Limited edition LIFT Aircraft hat.
$1,000+
Investment
$1,000+ Investment
Priority spot on flight waitlist, $100 (40%) discount on one $249 flight, plus a limited edition LIFT Aircraft hat.
$2,500+
Investment
$2,500+ Investment
Free flight at a tour location of your choice or permanent Vertiport location ($249 value), plus a limited edition LIFT Aircraft hat.
$5,000+
Investment
$5,000+ Investment
2 free flights at a tour location of your choice or permanent Vertiport location ($498 value), plus a limited edition LIFT Aircraft hat.
$10,000+
Investment
$10,000 Investment
5% bonus shares, 4 free flights at a tour location of your choice or permanent Vertiport location ($996 value), 2 invitations to a VIP tour event, plus a limited edition LIFT Aircraft hat.
$25,000+
Investment
$25,000+ Investment
10% bonus shares, 10 free flights at a tour location of your choice or permanent Vertiport location ($2490 value), 4 invitations to a VIP tour event, plus a limited edition LIFT Aircraft hat.
$50,000+
Investment
$50,000+ Investment
15% bonus shares, 10 free flights at a tour location of your choice or permanent LIFT Vertiport location ($2490 value), 4 invitations to a VIP tour event, plus a LIFT Aircraft hat.

Reasons to Invest 

  • Leading the urban air mobility revolution.  After 4 years of development, 700+ test flights, and over $10M in funding, our electric vertical takeoff and landing (eVTOL) aircraft, HEXA, is approved to fly under FAA Part 103 - costly FAA certification is not required. In a market estimated to reach $1 trillion by 2040, HEXA is one of the first eVTOL aircraft to enter production. 


  • Massive customer demand. More than 15,000 people have joined waitlists to fly HEXA in 25 US cities. Prospective military customers have signed $15M of MOUs as part of our US Air Force Strategic Financing (STRATFI) program submission. Partners have signed pre-order non-binding LOIs for over 100 aircraft. 


  • One of the world’s first vertiport networks. LIFT has received FAA approval to launch one of the first eVTOL vertiports in the world, where anyone will be able to fly HEXA with less than an hour of training - no pilot’s license required. While others seek certification for more complex eVTOL designs, LIFT plans to launch in 28 markets by 2025, building what would be the largest global network of vertiports.    

overview


The future of transportation is vertical and accessible to all 


Lift Aircraft Inc. is in the pre-commercial stage where they are producing aircraft and conducting safety testing. Currently, the Company has not launched any flights for customers.


LIFT's Aircrafts shown in video are prototypes not yet available to the general market.


Why now? For decades, science fiction has promised us “flying cars”, and many have tried and failed to develop them. However, recent advancements in technologies developed for small drones have made it possible to design a safe, simple, and inexpensive multi-rotor drone capable of human flight.  




Why LIFT? Founded in November 2017, LIFT Aircraft leverages distributed electric propulsion (DEP) technology, autonomous “fly-by-wire” flight control systems, and our patented design for HEXA, a personal drone that anyone can fly. With LIFT, electric vertical flight is possible at 1/10th the cost of a helicopter, with zero CO2 emissions. 


LIFT's Aircrafts shown in video are prototypes not yet available to the general market.

THE PROBLEM


Ground transportation is broken, yet air transportation in urban areas remains inaccessible to most  



LIFT's Aircrafts shown in video are prototypes not yet available to the general market.


The average American spends 54 hours stuck in traffic each year  nearly 7 full working days - resulting in ~3.3 billion gallons of wasted fuel and $179 billion in lost productivity. 85% of these trips are less than 15 miles and 90% are single-occupant.  



Traditional helicopters are an airborne alternative, but they require extensive training, produce extreme levels of noise, and are incredibly expensive to buy, operate, and maintain. This makes vertical flight inaccessible to all but the wealthiest individuals and severely limits use by public agencies for emergency response. Further, commercial aviation contributes 2.4% of the world’s carbon emissions. In 2019, that was  905 million tons of CO2


We believe these trips are, instead, best served point-to-point flights in personal scale, hover-optimized eVTOL aircraft capable of taking off and landing virtually anywhere.


Concept of future landing site for LIFT HEXA on a parking garage rooftop.

the solution


Introducing HEXA: So simple to fly you don’t even need a pilot’s license 


LIFT Aircraft makes flying so simple and inexpensive that almost anyone can experience the joy, freedom, and utility of personal, vertical flight. Our first aircraft, HEXA, is an electric, vertical takeoff and landing (eVTOL) aircraft, a single-seat, hover-optimized, semi-autonomous personal aerial vehicle. 

 

2019 test flight as featured in Reuter's 


HEXA was purpose-built for aerial micro-mobility. Because the vast majority of car trips are <15 miles, we designed HEXA to be the safest possible aircraft for short range flights. We chose a hover-optimized design for enhanced levels of maneuverability, wind resilience, and redundancy. 


While some eVTOL developers have winged aircraft capable of longer range flight, we determined the incremental time savings achieved with wings are not worth the tradeoffs in safety and hover performance for short range flights. Capable of speeds up to 90 mph, HEXA can fly up to 15 miles in 10 minutes.


* Comparable, congested routes often take cars 60 minutes or more. 

*Performance testing ongoing. Part 103 operations airspeed limited to 62 mph. Public use allows for max performance. 



HEXA was designed for safety, with multiple redundancies and failsafes. 


HEXA safety features


While conventional aircraft parachutes require hundreds of feet of altitude, HEXA’s whole-aircraft ballistic parachute deploys autonomously and is effective as low as 40 feet above ground level.


 HEXA's autonomous whole-aircraft parachute system


While ultralights are not certified by the FAA, we are working closely with the US Air Force on safety and airworthiness, as well as our safety board, which includes the former Chief of Aviation Safety at NASA.



LIFT Aircraft has a fundamentally unique strategy in the emerging eVTOL industry, using the FAA’s Part 103 “Ultralight” rules to develop an aircraft that can be rented to and piloted by anyone, with no pilot’s license or FAA certification required.


Rather than selling HEXA to end-users, LIFT is developing “vertiport” locations where anyone can rent and fly HEXA in a scenic, controlled environment within geospatially mapped and geofenced flight areas. In case of emergency, LIFT mission control can remotely take over and land the aircraft.


Our end-to-end flying experience will include VR simulator training with a dedicated flight instructor.



We have begun testing the flight experience with industry experts. 


LIFT's Aircrafts shown in video are prototypes not yet available to the general market.


When flown for recreation, ultralights are limited to daytime flight over uncongested areas. However, when operated by federal, state, or local government agencies, ultralights can be flown without special limitations (Part 91 rules).


HEXA is modular by design, with the powertrain, flight control system, and ballistic parachute all located in the top rotor assembly.


Aircraft platform allows for swapping any payload and landing gear. LIFT's Aircrafts shown in video are prototypes not yet available to the general market.


The cabin and landing gear can be swapped with any payload, enabling a variety of manned and unmanned applications, including heavy lift cargo, fire response, and medical evacuation.


Public agency use of various HEXA modular configurations (digital renderings).


the market


The Urban Air Mobility (UAM) market is projected to reach $1 trillion by 2040




The emerging UAM market is predicted to be worth $104 billion in 2023 and $1 trillion by 2040. Our beach-head strategy is to first target markets that don’t require time-consuming aircraft certification or breakthroughs in battery technology for viability. These markets include experiential entertainment (projected to reach $12 billion by 2023), first response ($75 billion in 2020the company estimates), and military ($57 billion in 2020). 


Public market investors are recognizing the urban air mobility opportunity, as evidenced by recent public listings, such as Joby Aviation (JOBY), Archer (ACHR), EHang (EH), and Lilium (LILM). These companies are also developing eVTOL aircraft and related services, and despite being in the early stages of commercialization, all have greater than $1B market capitalizations.

our traction


In production with strong commercial demand and significant funding from the US Air Force


LIFT has completed initial unmanned and manned testing (700+ test flights) and started production of HEXA with 3 full-scale prototypes and 5 production aircraft to date.  


Assembled in the US under partnership with Qarbon Aerospace (an AS9100 and ISO 9001:2015 certified Tier-1 aerospace supplier that manufactures components for the V-22, F-35, and Boeing 767), we are ramping to produce 35 aircraft by the end of 2022. 



We’ve won $2.75M across 4 Air Force R&D contracts and prospective military customers have signed $15M of MOUs as part of our US Air Force Strategic Financing (STRATFI) program submission. If selected, our STRATFI contract award will provide $30M in non-dilutive government funding, matching up to $30M in private investment dollars 1:1.  


(Clockwise from upper left) Cargo R&D concept (digital model), then-Secretary and current Chief of Staff of the Air Force  with HEXA, Air Force C-130 transport of HEXA, MedEvac R&D concept (digital model)  


We’ve also received initial airworthiness approval from the Department of Defense and have been awarded a contract for in-kind support with leading experts in testing, certification, and safety at the Air Force Research Lab. 


LIFT CEO, Matt Chasen showing HEXA to US Air Force Chief of Staff, Charles Q. Brown Jr. Camp Mabry in Austin, TX.


Thousands on waitlists for nationwide tour.


We’ve announced plans to launch a nationwide tour when our beta test flights are complete, taking HEXA to various sites across the country for people to fly. With more than 15,000 people on waitlists and over 4,000 prepaid reservations, we’ve seen enormous interest in our upcoming tour.


Jeff Bezos onboard HEXA, alongside LIFT CEO, Matt Chasen. Jeff Bezos has no affiliation with LIFT Aircraft.

WHY INVEST


Profitable and defensible business model with minimal regulatory barriers 


HEXA is approved to fly in the US under FAR Part 103, which allows us to launch pay-per-flight operations for daytime, fair weather (Visual Flight Rules), recreational flying over non-congested areas in uncontrolled airspace by anyone, with no pilot’s license required. HEXA can also be flown by public agencies today for military, public safety, firefighting, and emergency medical response without any limitations.


By leveraging this unique regulatory niche, we’re able to start flying now. We’ll be first to market with our nationwide tour and the first eVTOL vertiport in the US. 


Architectural rendering of LIFT’s first vertiport.


We have secured the site for and begun developing our first LIFT location overlooking Lake Travis in Austin, TX. At our vertiports, we plan to offer introductory flights at a $249 price point per 8-15 minute flight and also offer memberships for pilots who want to fly more frequently, bringing the price down to as low as $49 per flight. Each aircraft in our fleet is expected to generate up to $1.3M per year in revenue.




Over the next 5 years, we plan to open 28 LIFT vertiport locations in 5 or more US metros. We will begin with flights over uncongested areas, starting with one location and expanding to enable point-to-point flights. 


Within 5 to 7 years, we plan to introduce a certified aircraft that will enable flights over congested areas, allowing us to expand our network to enable intra-urban transport. Our long-term goal is to enable private ownership of aircraft, allowing individuals to fly door-to-door, from their home to their destination.



Within the same timeframe, we aim to provide our defense, EMS, fire, and law enforcement customers with the means to advance their missions and more quickly respond to emergency situations.


We believe that LIFT Aircraft has the right strategy, technology, and team to lead in the emerging urban air mobility market. Now you can invest in the company that’s making the joy and utility of personal, vertical flight accessible to everyone - exclusively through StartEngine.   




In the Press

The Washington Post

This startup's new passenger drone is 'like a flight simulator that you can ride in,' CEO says

New Atlas

The HEXA manned multirotor: It's real, and you can fly it

TechCrunch

LIFT Aircraft's HEXA may be your first multirotor drone ride

VICE

A New Startup Thinks Huge Drones That Fly Humans Can Solve America's Traffic Problem

Defense News

US Air Force proves it can transport a 'flying car' on a C-130. Now for the fun part.

US Air Force

Air Force Top Leaders Witness First Agility Prime "Flying Car" Demo

Business Insider

This company is selling $500,000 flying vehicles that look like giant drones and can be flown without a pilot's license

Today

Air Taxis Could be the Future of Commuting

Offering Summary


Company

:

LIFT Aircraft Inc.

Corporate Address

:

3402 Mount Bonnell Road, Austin, TX 78731

Offering Minimum

:

$9,998.94

Offering Maximum

:

$4,999,975.40

Minimum Investment Amount

(per investor)

:

$532.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

3,759

Maximum Number of Shares Offered

:

1,879,690

Price per Share

:

$2.66

Pre-Money Valuation

:

$188,821,430.00











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

Perk Structure:

Early Bird 

Friends and Family - First 48 hours | 15% bonus shares 

Super Early Bird - Next 72 hours | 10% bonus

Early Bird Bonus - Next 7 days | 5% bonus shares

Volume

Notes (under “Rewards,” above all reward tiers): 

Current flight holders investing at a level that qualifies for free flights will be automatically refunded the cost of their flight 30 days after investing. 

Reward flights are transferable as gifts. 

$500+ Investment: Limited edition LIFT Aircraft hat.

$1,000+ Investment: Priority spot on flight waitlist, $100 (40%) discount on one $249 flight, plus a limited edition LIFT Aircraft hat.

$2,500+ Investment: Free flight at a tour location of your choice or permanent Vertiport location ($249 value), plus a limited edition LIFT Aircraft hat. 

$5,000+ Investment: 2 free flights at a tour location of your choice or permanent Vertiport location ($498 value), plus a limited edition LIFT Aircraft hat.

$10,000+ Investment: 5% bonus shares, 4 free flights at a tour location of your choice or permanent Vertiport location ($996 value), 2 invitations to a VIP tour event, plus a limited edition LIFT Aircraft hat.

$25,000+ Investment: 10% bonus shares, 10 free flights at a tour location of your choice or permanent Vertiport location ($2490 value), 4 invitations to a VIP tour event, plus a limited edition LIFT Aircraft hat. 

$50,000+ Investment: 15% bonus shares, 10 free flights at a tour location of your choice or permanent LIFT Vertiport location ($2490 value), 4 invitations to a VIP tour event, plus a LIFT Aircraft hat.

*All perks occur when the offering is completed.

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.

Disclosure

Balazs Kerulo, the Company’s Chief Engineer has invested $3,000 in the Company’s current Reg CF offering.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$5,632,746.00 USD
$2,191,890.00 USD
Cash And Cash Equivalents
$1,829,642.00 USD
$1,318,388.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$7,175,396.00 USD
$3,725,739.00 USD
Revenues And Sales
$1,409,752.00 USD
$99,900.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$514,072.00 USD
-$1,730,793.00 USD

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

Meet the Founder and CEO of LIFT Aircraft

4 days ago

Recently, LIFT Aircraft Founder and CEO, Matt Chasen, was featured in TEXAS CEO Magazine. He not only talks about his long career as an entrepreneur but also shares his passion for putting "the awe and joy of personal flight at every person's fingertips."

Emergency Responders Get an Up-Close Look at HEXA!

11 days ago

LIFT had the pleasure of hosting leaders in the field of emergency response from across Texas and US agencies. Next, we’ll engage in roundtable discussions and continue our research and development of HEXA for First Response use cases. We're eager to see our home state of Texas lead in the deployment of AAM in the public sector. Learn more at www.LIFTAircraft.com/FirstResponse.


Notice of Funds Disbursement

11 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, LIFT Aircraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in LIFT Aircraft be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

A Historic Day for Flight!

22 days ago


HEXA proudly flew at the 2021 Ohio Advanced Air Mobility Showcase yesterday. This was a historic day for flight, and we loved being part of it!


Onward and Upward!

$1M in One Week!

24 days ago

After reaching $500k in record time, we’re thrilled to have reached $1M in just one week.  Our momentum has been incredible, and we’re just getting started!

Thank you to all who have invested so far. There are less than 24 hours to earn a special bonus. Share this opportunity with your friends and family before the limited time perks expire! 

"Electric Aircraft Are Going to Be the Future of Flying"

25 days ago


"We truly are on the cusp of an Aviation Revolution." - Matt Chasen, Founder & CEO of LIFT Aircraft

Click on the video we just added to our campaign page to hear more from our CEO, Matt Chasen. We think you'll be inspired by our aircraft, HEXA, and the possibilities for changing - and saving - lives!

Welcome!

29 days ago

Welcome!

At LIFT Aircraft, we don't think aviation should only be accessible to the wealthy... and we don't think venture capital investing should be either.  We've already raised over $12M from VCs, accredited angel investors, and government grants, and now we've partnered with StartEngine to allow anyone to invest in LIFT.

We’ve had an overwhelming response to the launch of our campaign. In fact, LIFT reached $500k in less than 24 hours!

Many of you supported the vision of LIFT Aircraft early on by securing paid flight reservations, and we can’t wait for you to fly HEXA! Others are new to the LIFT team, and we’re so excited you’re here. 

People who share this vision - people like you - inspire us to make it happen. We’re eager to hear from you. What excites you about LIFT? What drove you to invest? Drop us a comment so we can get to know you!

Throughout the campaign, we’ll provide updates about what’s happening at LIFT. Check in for webinars, interviews, and flight videos. 

We’re so glad to have you with us for the ride (flight)! 

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