Doroni Aerospace, Inc. offering is now closed and is no longer accepting investments.
INVEST IN DORONI AEROSPACE, INC. TODAY!
The Future of Personal Mobility
$2,446,346.35 Raised
Reasons to Invest
- This is Happening Now — Over $6B was invested in eVTOLs and 5 of the largest air taxi companies went public for a combined market cap of $10.7B in 2021 (Source, Source). Morgan Stanley projects the market to climb to $1 trillion by 2040 (Source).
- Our Traction — We’ve started development at a state-of-the-art R&D facility, we’re working with major OEMs like Honeywell and Garmin, we’ve recruited a former Tesla and Lucid Motors CFO.
- We Have the Technology — We've developed the tech components (batteries, motors, etc), and partnerships necessary to speed up production and our complete flying prototype is just a few months away. We’ve secured unique patents on design and aerodynamics, won 2nd place at the Florida Aerospace 2021 Forum, and previously lifted off a 643 lb. full-scale prototype eVTOL.
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OVERVIEW
We want to make transportation sustainable
*Images are computer generated demo versions. Product is still currently under development.
Our mission is to bring new sustainability to commuter transportation by making flight accessible to the masses. The Doroni H1 is our go-to-market personal eVTOL (AKA “flying car”) that will offer a safe, practical, and environmentally-friendly alternative to traditional automobiles. We are helping define the future of Urban Air Mobility by engaging with the aviation industry, academia, the military, and the FAA as well as our prospective civilian and commercial customers.
*Images are computer generated demo versions. Product is still currently under development.
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THE PROBLEM
Transportation as we know it is broken
Automobiles deal massive damage to our planet and force us to rely on infrastructure that’s both costly and unsustainable. The transportation sector generates the largest share of greenhouse emission in the US (Source), added to the fact that state and local governments spent $203 billion on highways and roads in 2019 alone (Source). The White House has taken major steps to combat the problem, committing $39 billion to modernize transit and reduce carbon emissions via the Bipartisan Infrastructure Law (Source).
As population densities in cities continue to increase, gridlock and traffic will only get worse—reducing our quality of life and negatively impacting our mental health (Source). The world needs a new mode of transportation that can lighten the load on our environment and infrastructure.
THE SOLUTION
We are building a personal eVTOL anyone can own
The Doroni H1 is a personal eVTOL that anyone can own, fly, and park in a standard 2-car garage. No pilot’s license required—all you’ll need is a valid driver’s license and completion of a 20-hour training course (which we’ll provide) to get started.
*Images are computer generated demo versions. Product is still currently under development.
Our team designed an intuitive, easy-to-use aircraft control system for the H1 based on an auto-stabilizing, multi-rotor aircraft with 3 axes of movement. By simplifying the inherent complexities of plane and helicopter flight, we can make it user-friendly and accessible to everyone.
Democratizing Flight
We’re building what we believe will become the go-to family vehicle of the future, capable of revolutionizing the way we live, commute, and even build cities if scaled correctly. While the industry is currently getting commercial air taxi operations off the ground, Doroni is aiming to disrupt the personal mobility market, as we believe personal eVTOLs—not commercial air taxis—are the future of transportation.
Our technology and design are what set us apart. The Doroni H1 combines the best features of a drone and an aircraft, designed with ease of use, quick deployment, and practicality in mind—and we’re set on growing our current intellectual property to include 9+ design, aerodynamic, and battery utility patents by Q1 2023.
Plus, we’re targeting a Light Sport Aircraft (LSA) certification with the FAA that would make us extremely viable when compared to the complicated and time-consuming certification processes of our larger air taxi competitors.
From its inception with the Doroni Y6 and X8 prototypes that came before it, the Doroni H1 was designed to maximize safety and will undergo exhaustive multi-level quality control.
As a flying vehicle that you can park in your garage, safety must come first. That’s why we designed the H1 with ducted propellers that greatly increase its overall safety, while also enabling a higher thrust efficiency and greatly reduced noise levels. The H1 will also be equipped with airframe parachutes and a variety of sensors, which helps the aircraft maintain its altitude and position in windy conditions and during close maneuvers in crowded environments.
*Images are computer generated demo versions. Product is still currently under development.g
The Doroni H1 sports a blazing fast charge time of 15-20 minutes, has a cruising speed of 100 mph, max speed of 140 mph, and currently has a range of 60 miles. As EV technology continues to advance, we project this range to increase to 100 miles as we near product launch.
*Images are computer generated demo versions. Product is still currently under development.
In terms of pilot control, each of the aircraft’s control sticks mirrors the other for right or left-handed use, with control taken over by the last stick engaged. Pitch, roll, and yawl are all integrated into this single stick and anti-collision sensors will maintain the aircraft’s position should you remove your hands from the stick.
*Images are computer generated demo versions. Product is still currently under development.
This, combined with H1’s propulsion system, will make it a very agile and maneuverable vehicle that can accomplish a variety of tasks and therefore be used in a variety of different target markets. In particular, we are very excited to see how the H1’s quick deployment and ease of use will help shave minutes off the average EMS response time of 6-7 minutes in urban settings to help save lives.
OUR TRACTION
We’re ready for take off!
*Images are computer generated demo versions. Product is still currently under development.
Our last raise was oversubscribed—closing early and meeting our $1.07M offering max. Now, we’re back on StartEngine to meet the demand from over 900 investors and counting. Our notable milestones include:
- We’ve completed the H1 airframe—now we’re producing a fully functional cockpit complete with software, avionics, and a computer system that’s ready for flight integration
- Raised our company valuation to $159 million from an external evaluation audit company. Please refer to our offering materials for more information
- Recruited a former Tesla and Lucid Motors CFO as our fractional CFO
- Moved to a new R&D facility and began production of a full-scale, flying Doroni H1 prototype
- We're working with major OEMs like Honeywell, Garmin, and Amphenol to incorporate aviation systems and components into the H1 eVTOL
- Unveiled the H1 3D model—the most intimate look we’ve offered to the public to date
- Our team previously designed, built, tested, and successfully lifted off a 643 lb. full-scale prototype—the X8 eVTOL
- Doroni also won 2nd place at the Florida Aerospace 2021 Forum,
- Secured patents on design and aerodynamic features with the USPTO
- Landed LOI preorders from a multinational security company
*Images are computer generated demo versions. Product is still currently under development.
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We’ve also benefited from press mentions from a slew of outlets, including The Vertical Flight Society, Space Florida, the Florida Venture Forum, Green Technology, Aero News Network, eVTOL.com, FutureFlight.com, Ami Magazine, Refresh Miami, and Yahoo! Finance.
THE MARKET
The Urban Air Mobility (UAM) market is projected to reach $1 Trillion by 2040 (Source)
The world is ready for an entirely new market
In 2021, two new bills were passed by the US House of Representatives targeting this sector—the Advanced Air Mobility Coordination and Leadership Act calls for the development of an interagency working group to help the federal government develop a strategy to promote AAM (Source).
*Images are computer generated demo versions. Product is still currently under development.
(Source)
NASA and the FAA are collaborating on the Advanced Air Mobility National Campaign—with a vision of developing an air transportation system that moves people and cargo between places using revolutionary new aircraft that are only just now becoming possible (Source).
*Images are computer generated demo versions. Product is still currently under development.
NASA is also currently researching how AAM can help when disasters strike—assisting in firefighting missions and providing supplies to hard-to-reach areas during an emergency event. This can potentially be an air vehicle that’s used to rescue people trapped in a building or residential area after an earthquake that is otherwise difficult to reach (Source).
The US Air Force launched the Agility Prime program in 2020—a transformative vertical lift program that’s partnering with the commercial eVTOL industry to propel the third revolution in aerospace and start to field a new class of mobility systems by 2023 (Source).
The rest of the world is gearing up as well -- France is already testing electric air taxis with plans to have dedicated flying taxi routes ready in time for the 2024 Olympic Games (Source).
(Source)
Air-One, the world’s first vertiport (areas designed specifically for eVTOL takeoff/landing) opened in April 2022 in Coventry, U.K., demonstrating the world’s first fully-operational eVTOL hub.
How we're different
The eVTOL market is divided into cargo, personal, and air taxi segments. The air taxi segment includes companies like Joby, Vertical, Lilium, and Archer and although these are potential competitors —to our knowledge, none of these companies have plans to offer their vehicles for personal purchase and use.
The personal segment is further subdivided into 1- and 2-seater categories. 1-seaters typically have an open frame with exposed propellers, have limited range, and are intended for recreational/leisure use. The Doroni H1 falls under the 2-seater + Payload category, and it’s our understanding that our development is ahead of the competition in most cases.
We see the tremendous benefit and value of entering the personal segment under this category: we’re standing at the beginning of a whole new market and we believe that as a US-based company located in the eVTOL hub of Florida, Doroni can become a major industry player.
THE BUSINESS MODEL
We’re meeting history by creating it
Doroni is meeting this inflection point with a personal eVTOL that has multiple use cases across several sectors. Our business model consists of building, selling, and leasing the Doroni H1 eVTOL—generating revenue by specifically targeting emergency response, the military, law enforcement, and the purely recreational sports/leisure segment which includes sustainable tourism. This is in addition to order fulfillment of our LOI preorders from a security company.
We anticipate delivering 1,132 units by our fifth year. Ultimately, we envision the Doroni H1 playing a role in future industry, from automobile manufacturers, to ride share companies, to global defense contractors.
WHY INVEST
The Future of Transportation
*Images are computer generated demo versions. Product is still currently under development.
Customers from all over the country have already joined our waitlist to purchase the H1. The sky's the limit—our first raise proved we could exceed a $1.07 offering max. Now we're back on StartEngine to meet the demand from over 900+ investors and are looking to prove what's possible in our next Reg CF offering.
*Images are computer generated demo versions. Product is still currently under development.
We know democratizing flight with a personal eVTOL is a bold goal, but innovation and excellence are not built on a foundation of small dreams. Doroni has the leadership, passion, and actual technology to create and introduce eVTOLs to the world.
Our goal is no longer science fiction—and we have the working prototype to prove it.
By investing in Doroni, you’re investing in a more sustainable mode of transportation that was designed to help save our ecosystem from the damage done by the antiquated automotive industry.
Join us in redefining transportation as we know it with the Doroni H1.
ABOUT
HEADQUARTERS
11555 Heron Bay Blvd. Suite 200
Coral Springs, FL 33076
WEBSITE
View Site
Doroni is developing a safe, sustainable, and cost-effective Electric Vertical Takeoff and Landing Aircraft, or “eVTOL,” that anyone can own, fly, and park in their garage—all you’ll need is a driver’s license and training course to get started. We believe personal eVTOLs are the next paradigm shift in urban transportation, bringing new efficiency to the way we commute, ship goods, and respond to emergencies and natural disasters.
TEAM
Doron Merdinger
Chief Executive Officer, Director, and Founder
Czar Balangue
Chief Systems Development Engineer
Roman Antonov
Co-Founder & Chief Aerodynamics & Mechanical Engineer
Yaakov Werdiger
Business Development Manager
Oleg Sukhovii
Aerodynamics and Mechanical Engineer
Charles Boyd
Test Pilot
Derek Barger
Electrical and Electronics Engineer
Dan Saccani
Head of Finance (Part-Time)
TERMS
Doroni Aerospace, Inc.
Overview
PRICE PER SHARE
$2.48
DEADLINE
Mar 4, 2023
VALUATION
$158.76M
AMOUNT RAISED
$2,446,346.35
Breakdown
MIN INVESTMENT
$349.68
MAX INVESTMENT
$3,930,137.84
MIN NUMBER OF SHARES OFFERED
4,000
OFFERING TYPE
Equity
ASSET TYPE
PREFERRED
SHARES OFFERED
Series Seed 1 Preferred Stock
MAX NUMBER OF SHARES OFFERED
1,584,733
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Doroni Aerospace, Inc. |
Corporate Address | : | 11555 Heron Bay Blvd. Suite 200, Coral Springs, FL 33076 |
Offering Minimum | : | $9,999.36 |
Offering Maximum | : | $3,930,137.84 |
Minimum Investment Amount(per investor) | : | $349.68 |
Terms
Offering Type | : | Equity |
Security Name | : | Series Seed 1 Preferred Stock |
Minimum Number of Shares Offered | : | 4,032 |
Maximum Number of Shares Offered | : | 1,584,733 |
Price per Share | : | $2.48 |
Pre-Money Valuation | : | $158,756,019.52 |
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.
Forward Looking Information Legend
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Loyalty Bonus
Prior investors will receive a 5% bonus in shares.
Time-Based
Friends and Family Early Birds
Invest within the first 3 days and receive an additional 50% bonus shares.
Super Early Bird Bonus
Invest within the next 7 days and receive an additional 40% bonus shares.
Early Bird Bonus
Invest within the next 7 days and receive an additional 35% bonus shares.
eVTOL VIP Bonus
Invest within the next 7 days and receive an additional 30% bonus shares.
Doroni H1 Bonus
Invest within the next 3 days and receive an additional 10% bonus shares.
Amount-Based:
$5,000+
Receive 5% bonus shares
$10,000+
Receive 10% bonus shares
$25,000+
Receive 25% bonus shares, receive a 1 on 1 Zoom call with Doroni's CEO, Doron Merdinger
$50,000+
Receive 50% bonus shares, receive access to a private dinner and tour of the H1 for exclusive investors with Founder and Executive Team*
The 10% StartEngine Owners' Bonus
Doroni, 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 $2.48 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $248. 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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
*All perks occur when the offering is completed.
*Lodging and transportation not included.
*Stacking perks only applies to the Owner's Bonus perk and Loyalty perks. Time-based and Amount-based perks do not stack on top of each other, rather, the issuer will receive the greater of the two bonuses if they qualify for both.
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 “Administrative Expenses” not strictly for administrative purposes. Any expense labeled “Travel and Entertainment”.
PRESS
ALL UPDATES
03.04.23
Thank you, Doroni Family
Thank you to our 2,000+ investors and over 5,000 followers. Thank you for believing in us and for the endless support.
Thank you for an amazing second raise on StartEngine!
We are looking forward to keeping you updated on our progress via our social media channels.
Thank you for being our inspiration during this journey—from a prototype in a garage to a full-scale flying H1 model.
03.03.23
IT'S NOW OR NEVER
Image Caption
You read that right.
IT'S NOW OR NEVER
Only 8 hours left—invest will you still can!
Note: For the best experience, please invest via desktop site vs mobile
03.03.23
IG LIVE STREAM WITH CEO DORON MERDINGER
On the fence about investing, but wish you could talk to us face-to-face first?
THIS IS YOUR CHANCE TO CONNECT WITH US LIVE!
The Doroni Team will be streaming all day TODAY on Instagram Live from 12PM EST answering all your questions!
CEO Doroni Merdinger will be joining the conversation at 12PM—you don’t want to miss this!
JUST 12 HOURS LEFT TO INVEST!
03.01.23
Watch the Doroni ‘flying car’ in action!
Hovering + Transitioning from Vertical to Horizontal Flight- Wow!
FYI, transitioning from vertical to horizontal flight is a complicated maneuver in itself. However, achieving that level of control in a confined space while navigating through turbulence is a significant challenge.
This is just the beginning of what we can accomplish, Doroni Family! Your support today will fuel our vision for the future—now is your chance to be a part of history.
FINAL Hours To Invest!
Once it’s gone, it’s gone for good!
Don’t delay, time is running out to invest in Doroni!
Doroni Aerospace - Let’s Fly Places
$3.12M Invested | 1,680 Investors | 4,549 Followers
03.01.23
FINAL CALL FOR INVESTMENTS - Doroni Completes 23 Flight Tests!
YES,
We’re proud to announce that since revealing our successful untethered flight on Monday, we’ve successfully completed 23 additional flight tests!
Morgan Stanley projects this market to reach $1T by 2040.
Now is the time to invest in this colossal opportunity!
FINAL Hours To Invest!
Once it’s gone, it’s gone for good!
Doroni Aerospace - Let’s Fly Places
Note: For the best experience, please invest via desktop site vs mobile
03.01.23
FINAL HOURS TO INVEST - Over $3M Raised!
There’s no slowing this takeoff — we’ve raised over $3M from 1,664 Investors!
Don’t miss your chance to invest in one of the most-funded companies on StartEngine!
FINAL 48 To Invest!
Once it’s gone, it’s gone for good!
$3.07M Invested | 1,662 Investors | 4,514 Followers
02.28.23
[72 HOURS TO INVEST!] USPTO Grants Doroni New Patent
I’m honored to share some great news for investors—
The USPTO just officially granted Doroni Aerospace our latest technology patent.
FINAL 3 DAYS TO INVEST!
More exciting news is on the way, don’t let this opportunity fly by!
Note: For the best experience, please invest via desktop site vs mobile
$2.9M Invested | 1,657 Investors | 4,400 Followers
02.28.23
Join Millennium Financial’s industry-leading experts for an exclusive webinar!
There’s still time to join us Today!
Register here: https://bit.ly/3KwrE5B
We’re on a mission to disrupt transportation as we know it—invest in Doroni before time runs out!
3 Days left to invest—Act Now!
Note: For the best experience, please invest via desktop site vs mobile
Keep soaring,
Doron Merdinger
CEO/Founder
02.27.23
Closing Soon: Join 1,600+ investors, $2.8M raised
We’re down to the final 4 days of our campaign on StartEngine and we could be more grateful for the outpouring of support we’ve received thus far!
From maxing out our first raise, to now raising over $2.8M from over 1,631 investors and achieving tethered flight with the H1 eVTOL, we’re on a clear path to transforming aviation as we know it.
Own a stake in the future with Doroni!
Note: For the best experience, please invest via desktop site vs mobile
Keep soaring,
Doron Merdinger
CEO/Founder
02.27.23
Watch now: The moment you’ve all been waiting for is finally here!
Welcome to the future of aviation! Get ready to be amazed as we take you on a journey of cutting-edge technology and innovation.
4 Days left to invest—Act Now!
In fact, only a handful of companies worldwide were able to achieve such a milestone. We believe that our company is the only one that achieved that milestone with only $2.7M.
Note: For the best experience, please invest via desktop site vs mobile
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$349
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.
$5,000
$5,000+
Receive 5% bonus shares
$10,000
$10,000+
Receive 10% bonus shares
$25,000
$25,000+
Receive 25% bonus shares, receive a 1 on 1 Zoom call with Doroni's CEO, Doron Merdinger
$50,000
$50,000+
Receive 50% bonus shares, receive access to a private dinner and tour of the H1 for exclusive investors with Founder and Executive Team*
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
