Novo Aero Technology is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$500.00 minimum investment

Novo Aero Technology

Developing Vertical Take-off Planes

Small OPO
Raleigh, NC
Transportation
Accepting International Investment
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Vertical Take-off and Landing Super Planes with Unique Capabilities

Invest in Novo Aero

Due to the current high market demand for an aircraft that can take off and land vertically like a helicopter, but that can still go as fast, as high, and as far as a winged aircraft can go, several companies have been proposing various types of aircraft that can do this. However, as all the proposed designs are based on modifications in already in-use technology, we believe none of them provided the ideal solution for this quest, with most development projects being discontinued.


On the contrary, our proposed Hybrid Aircraft is planned to employ an innovative Compact Propeller to lift the aircraft. Our plan is for our proposed breakthrough compact propeller to use an innovative low angle-of-attack propellers' layout that enables providing high disk loading (up to 250 pounds per foot square), paired with high hover lift efficiency (up to 20 pounds per horse power). This would enable positioning the compact propellers in ducts in the central part of the aircraft’s fuselage, which would enable designing the aircraft’s powertrain with less moving parts, when compared to a conventional helicopter’s powertrain, which we believe will make it cheaper to produce and maintain, and less prone to accidents due to component failure. We project that this will also allow for operating the aircraft at relatively higher speeds and altitudes, while avoiding the adverse effect of any surrounding wind that maybe encountered during the flight.


The Company is currently in the research and development stage.  See the "What We Have Done so Far" section below for more information.


We expect that if we are able to meet our goals, our Technology may provide significant competitive advantages to helicopter and business aircraft manufacturers to employ in their production lines, and for potential customers to buy for their fleets.

About Novo Aero Technology

Novo Aero Technology is an innovation-driven startup company, aiming at developing and introducing to the market a new type of Helicopter-like, winged, Vertical Take-off and Landing (VTOL) aircrafts that combine the advantages of conventional winged aircrafts with those of helicopters. 


We project that our proposed new class of aircraft will have lower production costs compared to those of conventional helicopters, while being easier to control, and cheaper to operate and maintain. In addition, this new type of aircraft is projected to be able to fly at speeds of up to 0.83 Mach, cruise at altitudes of up to 36,000 feet, and can travel for up to 7,000 miles in one trip, which (to the best of our knowledge) is not attainable by any of the currently in-use civilian VTOL Aircraft. Of course, we are not accounting here for some VTOL aircraft used by the Army, as they have several operational challenges making them incompatible for civilian applications.

Our company is currently located in the Technology Incubator of North Carolina State University (NCSU), which gives us direct access to the NCSU research community, facilities, and resources, from which we will recruit our consultants and workforce.

The Offering

Investment
$0.50/share of Common Stock│ When you invest you are betting the company’s future value will exceed $3.35M.


For details on the bonus, please see the Offering Summary below.


"A dream doesn't become reality through magic; it takes sweat, determination and hard work."

Colin Powell


What We Have Done so Far 

Before launching this Crowdfunding campaign we:


  1. Assessed the technology feasibility using the Multi-Element Airfoil CFD Analysis tool developed by “Hanley innovations”, with promising  performance data being obtained. We assessed the performance of over 100 blade combinations and layouts for use in our compact propellers, with optimum ones selected for testing during initial prototype testing.
  2. Conducted extensive market research to assess the marketing potentials of our proposed technology.
  3. Prepared a well-thought Research and Development Plan, with which the technology will be developed to the point at which it can be introduced to the market.
  4. Submitted an initial patent application to secure our Intellectual property rights in certain core elements of our Technology.

Our Products

An ideal VTOL aircraft’s propeller would be a propeller providing relatively high hover lift efficiency, preferably more than 15 pounds per horsepower, and high disk loading, preferably more than 200 pounds per square foot, to enable reducing the diameter of the propeller’s rotor, which will provide more flexibility in the VTOL aircraft design. Such propeller’s performance parameters can only be provided by using a propeller having a number of low angle-of-attack blades positioned in close proximity to one another.


However, due to the negative effect the low angle-of-attack blades have on the potential flow and pressure distribution of the working air at the leading edges of one another, so they need to be positioned apart from each other, resulting in a relatively low disk loading whenever low angle-of-attack blades are employed.

To overcome this challenge, our innovative technology provides a compact lift-generating propeller design that enables positioning the low angle-of-attack blades in close proximity to one another, while modifying the potential flow and the pressure distribution of the working fluid around the leading edges of the propeller blades to maximum the efficiency.


The feasibility of our technology was provisionally assessed using the reputable Multi-Element Airfoil CFD Analysis tool developed by Hanley innovations, which is currently used by NASA and several other Aeronautical Research Centers.


Based on this assessment, our technology will enable the production of lift-generating Propellers providing a high hover lift efficiency of up to 20 pounds per horsepower, and high disk loading of up to 250 pounds per foot square.  


These unique performance characteristics will enable decreasing the size of the lift-force generating propellers so that they can be ducted and placed in the middle part of the Aircraft's fuselage, which will enable flying the Aircraft at speeds of up to 0.83 Mach, and at altitudes of up to 36,000 feet, while providing market reduction in the Aircraft's rate of fuel consumption.

Competitive Advantages

Once the product is completed, we believe that employing our innovative Compact Propeller within an aircraft will enable producing quieter, helicopter-like, Vertical Take-off and Landing (VTOL) aircraft that are cheaper to produce and maintain, safer and easier to operate, and can fly at higher speeds and altitudes; so once fully developed, it is expected to find application in all future VTOL aircraft, and to boost the worldwide production in this sector.


In order for investors to make an informed decision about investing in this technology, investors need to know the competitive advantages of this proposed technology that will make it attractive for Aircraft manufacturers to use in their production lines, and for consumers to look for in the aircraft they buy.

Exceptional Fuel Saving Potentials

Based on provisional performance calculations, employing the Compact propeller Technology within an aircraft will provide between 30-40% reductions in the aircraft’s rate of fuel consumption. This will decrease the aircraft’s operating costs, and extend its operating range, making it desirable for small and medium sized aircraft operators to use in their fleets.

Vertical Take-off and Landing Super Plane

Employing the Compact propeller Technology within an aircraft will enable it to take-off and land vertically, while maintaining all the competitive advantages a conventional winged aircraft has, i.e. being safer to fly and quieter to operate, can fly at speeds of up to 0.83 Mach, can cruise at altitudes of up to 36,000 feet, and can travel non-stop for up to 7,000 miles.

Compatibility with  Current Technologies

Employing our technology in an already in-production aircraft model will necessitate minimal modifications to the aircraft design, so it can be adapted by aircraft manufacturers in their production lines at a minimal cost. This will also be justified by the expected high market demand for the aircraft employing this technology.

High Durability and Reliability

Due to the simplicity of the design, rigidity of the structure, and the minimal number of moving parts within the Compact Propeller powertrain, we believe that Compact Propellers will be highly reliable with a service life similar to, or exceeding, that of other conventional aircraft powertrain parts.

Our Market and Business Model

Source 

Helicopter Market: Due their ability to take-off and land vertically, almost anywhere, without the need for a runway; their ability to fly lower and slower than airplanes or even hover for extended time in the air; their ability to carry payloads internally or externally via slings or winches; and their ability to reduce the travel time from one point to another while being able to go to places where no other means of transportation can go, Helicopters find wide scale application in many fields. 


These markets include: military defense and surveillance; offshore oil and gas platforms and exploration; health emergency and medical services; law enforcement; VIP transport; and others, with over 55,000 Helicopters being currently in use worldwide, and with over 1,200 Helicopters being added annually to the civilian working fleets with a market value of over $1 billion.

Business Jet MarketBusiness jet Aircraft are widely used worldwide as they are cost effective and a safe mode of travel. The ability to conduct business privately during flights, on-demand flight scheduling, reduced travel time and direct access to company sites are major benefits of these aircraft. 


On 1 April 2017, there were 22,368 business jets in the worldwide fleet. For the decade starting in 2017, Aviation Week predicts 11,346 deliveries of business aircraft (jets or not) valued at $250.1 billion, with a fleet growing from 31,864 aircraft to 36,702 aircraft (64% in North America): 4,838 more at an average annual growth rate of 1.6%, with 5,835 retirements.


Once fully developed, with its full potentials being appreciated, it is the opinion of the Board of Directors that our VTOL Super Aircraft Technology will find application in most of the future aircraft in the Helicopter and Business Aircraft sectors. We believe our technology will boost worldwide production in these sectors, as current Helicopter and Business Aircraft customers will tend to replace their fleets with safer, faster, and quieter VTOL Aircrafts employing our proposed technology.

Source

Our Business model is based on developing the Technology to the point its competitive advantages are fully appreciated by Helicopter and Business Aircraft manufacturers and customers, followed by licensing our technology to aircraft manufactures; and collect royalties. 


However, the R&D work required before this technology can be introduced to the market will take about three years, with four to five more years needed for the FAA certification process. We project that the initial revenue most likely would come from the front payments associated with licensing agreements. 


Our initial estimate is that the Technology will enter the U.S. market on a small scale in 2025, with the Technology market share increasing gradually until 2033. By this year we plan to have our technology fully introduced into the market. 

Research and Development Plan

The R&D work that needs to be done before this technology can be employed in future Vertical Take-off and Landing Aircraft is divided into four phases:

Phase I: Technology feasibility will be conclusively assessed, with its performance being initially investigated. The work performed in this phase will include:

  • Designing and building a proof-of-concept prototype for the Super VTOL Super Planes enabling Technology.

  • Preparing and submitting U.S. & PCT Patent applications.

Cost: + 100 K                                      Duration: + 6-8 months.


Phase II: Technology performance will be optimized. The work performed in this phase will include:

  • Designing and building a test station for testing the performance of a full-scale model of the compact propeller and its enabling accessories at different speeds.

  • Preparing and submitting 4-5 U.S. & PCT Patent applications.

  • Design optimization of various propeller components.

  • Conducting a full-scale Market Research. 

Cost: + 500 K                                      Duration: + 12 months.


Phase III: during which an unmanned VTOL aircraft model employing this technology will be built and tested, while securing our IP rights in other countries.

Cost: + 1M                                          Duration: + 12-18 months.


Phase IV: during which a marketing campaign, aiming at licensing the technology to major Helicopter and Business jet aircraft manufacturers, will be executed.

Cost: + 2M                                          Duration: + 18 months

Invest in Novo Aero Today!

Based on what we believe to be the current market demand for our Technology, the potential competitive advantages it will offer, and the knowledge, experience, and dedication of our execution team, we believe we will be able to achieve our proposed the R&D plan. We believe that if we are able to complete our projected goals, we will be in a prime position to license our Technology worldwide to Aircraft manufactures. We will attempt to complete this ambitious goal by allocating shares to key company players through a stock incentive option plan, to attempt to hold together a team of valuable staff. 


If you choose to partner with Novo Aero Tech, Inc., you will be a willing participant in our success or failure. We are excited that you want to be an important part of our team and that you have chosen to take the chance on us!  

Offering Summary

Maximum 214,000* shares of common stock ($107,000)

*Maximum subject to adjustment for bonus shares. See 10% Bonus below

Minimum 20,000 shares of common stock ($10,000)


Company
Novo Aero Technology, Inc.
 

Corporate Address
1017 Main Campus Drive, Raleigh, NC 27606          
 

Description of Business
Develop and Market VTOL Super Planes enabling Technology
 

Type of Security Offered
Common Stock
 
Purchase Price of Security Offered
$0.50/Share
 

Minimum Investment Amount (per investor) 
$500.00











The 10% Bonus for StartEngine Shareholders

Novo Aero Technology, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 200 shares of Common Stock at $0.50 / share, you will receive 20 Common Stock bonus shares, meaning you'll own 220 shares for $100.   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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

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 and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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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.


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