We develop drones capable of human flight.

INVEST IN LIFT AIRCRAFT TODAY!

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.
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This Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
LIFT Aircraft



Offering Circular | Selected Risks Related to this Offering SEC EDGAR Page



Reasons to Invest


  • Leading the urban air mobility revolution.  After 4 years of development, 1,000+ test flights, and over $18M 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. Our upcoming sold-out nationwide tour has 4,000 prepaid flight reservations and an additional 11,000 waitlist requests, demonstrating tremendous consumer demand to fly HEXA. Partners have signed pre-order non-binding LOIs for over 100 aircraft.* The United States Air Force (USAF) has expanded flight testing of HEXA under a separate Phase III SBIR contract as LIFT works towards becoming a US Military program of record.


  • 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 up to 28 markets by 2025, building what we believe would be the largest global network of vertiports. 


* Letters of intent do not create an obligation on the part of the customer to purchase an aircraft. Some or all customers might not transition to non-refundable purchase contracts until prior to aircraft delivery, if at all.  Aircraft customers might respond to weak economic conditions by canceling orders, resulting in lower demand for our aircraft and other materials, such as parts, or services, such as training, which the company expects to generate revenue. Such events would have a material adverse effect on LIFT’s financial results.



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.


“It’s just a really cool feeling. I felt safe” - Anderson Cooper on 60 Minutes



Flights in LIFT's HEXA aircraft shown in video are 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. 


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


LIFT's HEXA aircraft shown in this 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 HEXA aircraft shown in this 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 fewer 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 by 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. 


2022 Austin, TX -  Manned public flight demonstration at SXSW


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.*


*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, Dr. Charles Justiz.



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.


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


CEO Matt Chasen demonstrates LIFT’s VR flight simulator training


We have begun testing the flight experience with industry experts. 


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

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 HEXA aircraft shown in this 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.


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

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 these limitations (Part 91 rules: flight over cities and congested areas is already permitted).


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), Vertical Aerospace (EVTL), Eve Urban Air Mobility (EVEX), and Lilium (LILM). These companies are also developing eVTOL aircraft and related services, and despite being in the early stages of commercialization, have market capitalizations ranging from around $400M to greater than $3B as of July 2022.

our traction


Ramping HEXA production 


LIFT is ramping production of HEXA with over 12 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 15 aircraft by the end of 2022.



(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) 


Significant Backing from the US Air Force


We’ve already received an initial unmanned Military Flight Release for testing with 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 personnel are flight testing HEXA at Eglin Air Force Base in Florida under an ongoing Phase III contract. After a recent $1.9M contract extension and expansion, we are also in the process of activating a second aircraft.



Testing at Eglin Air Force Base under a Phase III contract will expand HEXA’s flight envelope to go higher, faster, and farther.


Sold-out 25-City 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 4,000 prepaid flight reservations and an additional 11,000 waitlist requests, we’ve seen enormous interest in our upcoming sold-out tour. We recently had the honor of flying Anderson Cooper as our first Alpha pilot as we work towards offering everyone the chance to fly HEXA.

Flights in LIFT's HEXA aircraft shown in video are not yet available to the general market.

International Partnerships


Along with building its own domestic vertiports, LIFT has developed international partnerships with local operators to roll out HEXA flight operations around the world. LIFT has signed an MOU with an international vertiport operator, who has the option to launch 10 LIFT locations and order a fleet of up to 100 HEXAs. Lastly, LIFT has also delivered two HEXAs for testing at a major development project in the Middle East.


HEXA at Eglin Air Force Base.

WHY INVEST


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 expect to be first to market with our nationwide tour and one of the first eVTOL vertiports in the US.


Architectural rendering of a LIFT first vertiport. Actual vertiport design subject to revision.


LIFT has signed LOIs with partners to develop LIFT flight locations in two of the top 10 tourist destination cities in the world. 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 up to 28 LIFT vertiport locations in 5 or more US metros. We will begin with flight 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 flight 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. Our USAF Phase III contract is enabling us to advance HEXA’s capabilities for military use as we work towards selling HEXAs to the US Department of Defense.


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.   


Flights in LIFT's HEXA aircraft shown in photo are not yet available to the general market.



AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.



THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE


CROWDCHECK VERIFIED REPORT CAN BE FOUND HERE.



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.




ABOUT

HEADQUARTERS
3402 Mount Bonnell Road
Austin, TX 78731
VALUATION
$270M
PREVIOUSLY CROWDFUNDED
$5M

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.

TEAM

Matt Chasen
Matt Chasen
Founder, CEO & Chairman of the Board

Matt Chasen, Founder and CEO of LIFT Aircraft, is a serial entrepreneur, investor, and adventure sports enthusiast. While getting his MBA at The University of Texas in 2003, Matt founded uShip - the first and largest online marketplace for shipping with over $200M in annual gross sales. Matt served as uShip’s CEO until 2016 and received a Best CEO award from the Austin Business Journal (2012). He has earned Austin Under 40 and Texas “Rising Star” honors (2011) and was an E&Y Entrepreneur of the Year finalist (2010). Prior to business school, Matt was an engineer at Boeing in Seattle, where he worked on the F-22 Fighter, Airborne Laser, and other advanced aerospace projects. Prior to Boeing, Matt studied mechanical and aerospace engineering at U.T. and was a NASA scholarship recipient. Matt is a pilot, an avid sailor and scuba diver, and has completed the Texas Water Safari - known as the “World’s Toughest Canoe Race.” Matt lives in Austin with his wife and two children.

Balazs Kerulo
Balazs Kerulo
Chief Engineer

Balazs Kerulo, Chief Engineer of LIFT Aircraft, was one of the first to ride a man-sized multicopter, back in 2015. He has a degree in aeronautical engineering and is a trained professional fixed-wing pilot. He has extensive experience in digital twin technologies, simulation, and programming.

Kenny Miller
Kenny Miller
Chief Financial Officer

Kenny Miller is the Chief Financial Officer at LIFT Aircraft. He received his BBA in Finance from the University of Texas at Austin and his MBA from the University of California at Berkeley.

Prior to joining LIFT, Kenny led technology, telecom, and media investing for Nokomis Capital. He previously held positions with Bonanza Capital, Applied Materials, JatoTech Ventures, and Goldman, Sachs & Co.

Kevin Rustagi
Kevin Rustagi
Director of Business Development

Kevin Rustagi is the Director of Business Development at LIFT Aircraft. He coordinates partnerships for R&D, Agility Prime, and first response use. As a private pilot (Cessna, Cirrus), he is a strong advocate for unlocking the skies. His prior experience includes co-founding high-tech apparel company Ministry of Supply, working on the iPhone’s speaker grille at Apple, and studying engineering and business at MIT and Stanford.

Kristin Giffin
Kristin Giffin
Director of Marketing and Communications

Kristin Giffin is Director of Marketing and Communications at LIFT Aircraft. She is a proven team leader, project manager, and program director. Prior to joining LIFT, Kristin was the Senior Communications Director for Children’s Hunger Fund, a Charity Navigator 4-star international nonprofit organization that has delivered more than $1B in food and aid.

Jace 'Digit' McCown
Jace 'Digit' McCown
Director of Flight Operations & Chief Pilot

A veteran of the US Air Force, Jace 'Digit' McCown is Director of Flight Operations and Chief Pilot at LIFT Aircraft. He received his BS in Computer Engineering from the US Air Force Academy and his Graduate Certificate in Agroforestry from the University of Missouri-Columbia. Jace is a licensed Commercial Pilot, a Certified Flight Instructor, and a licensed Small Unmanned Aircraft System Remote Pilot. Prior to joining LIFT, Jace was a Flight Test Engineer & Chief Pilot at Skyways Air Transportation. 

TERMS

LIFT Aircraft
Overview
PRICE PER SHARE
$2.68
DEADLINE
Oct 5, 2023
VALUATION
$270M
AMOUNT RAISED
$197,973.87
Breakdown
MIN INVESTMENT
$536.00
MAX INVESTMENT
$9,999,999.24
MIN NUMBER OF SHARES OFFERED
200
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
3,731,343

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

LIFT Aircraft Inc.

Corporate Address

:

3402 Mount Bonnell Road, Austin, TX 78731

Offering Minimum

:

$536.00

Offering Maximum

:

$9,999,999.24

Minimum Investment Amount

(per investor)

:

$536.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

200

Maximum Number of Shares Offered

:

3,731,343

Price per Share

:

$2.68

Pre-Money Valuation

:

$270,000,000.00




















ALL UPDATES

12.01.22

One Week to Register - Join LIFT’s CEO Live!

Join us for a webinar with Matt Chasen, Founder and CEO of LIFT Aircraft on Thursday, December 8 @ 12pm Central Time.

After providing an overview of the company, business strategy, and sharing about LIFT’s progress, recent developments (including notable partnerships), and what to watch for as LIFT Aircraft continues to lead the urban air mobility revolution, Matt will be ready to take your questions!

Register for the webinar here: https://lu.ma/4953p14d


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.28.22

LIFT Aircraft is Simplifying and Revolutionizing Flight

Landing is often considered the hardest part of flying. Not so in HEXA! 

In the third and final part of our Pilot Tutorial, you'll see how the aircraft, with all of its redundancy and safety features, returns safely to home and lands with very simple joystick commands. As you will hear, after completion of Part 1Part 2, and Part 3 of the video tutorials, HEXA Pilots will move on to the Virtual Reality Simulator to complete their training and assessment before boarding HEXA as Pilot in Command. With safety as our top priority, LIFT Aircraft is simplifying and revolutionizing flight. 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.18.22

HEXA is Incredibly Easy to Fly - Pilot Tutorial (Part 2)

We can’t truly democratize access to the skies without eliminating the need for extensive pilot training. With simple and intuitive flight controls, we overcome the need for the costly and time-consuming training required to obtain a pilot’s license. 

Last week, we shared Part 1 of our video training tutorial, providing an introduction to HEXA and many unique features of the aircraft. You can watch that video here

This week, in Part 2 of the training video, you’ll learn just how simple it is to pilot the aircraft. Once you’re familiar with the joystick and a few maneuvers, you’ll be ready to take flight in HEXA as Pilot in Command. 

We’ll share part 3 next week, covering the final phase of flight - Return to Home and Landing.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.16.22

LIVE with LIFT Aircraft Founder & CEO, Matt Chasen

Registration is now open for our upcoming webinar with LIFT Aircraft Founder & CEO, Matt Chasen. 

Join us Thursday, December 8 at 12:00 pm (Central Time) for an overview of the company and business strategy. Matt will share about LIFT’s progress, recent developments, and what to watch for as LIFT Aircraft continues to lead the urban air mobility revolution. 

Register here: lu.ma/4953p14d



This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.14.22

LIFT Eyeing “Serious Envelope Expansion” for HEXA

“We’re constantly expanding our flight envelope – ironing it out and feeling very confident with the initial flight envelope we are in. And then expanding it – to faster, higher, farther.”

In a recently published interview, Kevin Rustagi, Director of Business Development, discussed LIFT’s current partnership with the United States Air Force and elaborated on the importance of training, especially as it relates to safety. Read the full interview here.

 


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.11.22

Happy Veterans Day from LIFT

LIFT Aircraft is a proud employer of veteran service men and women and partner of the United States Air Force. To all veterans and their loved ones, we extend our heartfelt gratitude for your service and we wish you a safe and happy Veterans Day.

HEXA hovers in the air during a test flight at Eglin Air force Base. (US Air Force photo/Samuel King Jr.)


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.10.22

Anyone Can Fly - Preview Our Pilot Tutorial

LIFT Aircraft is on a mission to make flight accessible to everyone

Part of achieving that mission means eliminating the need for extensive training. Anyone can fly HEXA with about an hour of training, which begins with an introduction to the aircraft. 

We’ve shared the first part of our video tutorial to give you a taste of how simple and fun it is to fly HEXA. Next week, we’ll share part 2 of the tutorial, introducing you to some flight maneuvers.


 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.04.22

3D Printing Makes HEXA Possible

Moving from a concept on paper to manned flight in just over a year would not have been possible 10 years ago. The development and advancement of cutting-edge 3D printing has changed the pace of innovation and design. 

Our engineering team had a challenge set out for them - prioritizing safety, create an aircraft that anyone can fly, and one that complies with FAA Part 103 weight restrictions. Additive manufacturing technology allowed LIFT engineers to quickly iterate on the design of the aircraft, optimizing for both safety and weight.

Materialise, a leader in additive technologies, recently spoke with LIFT’s Chief Engineer, CEO, and one of our Safety Advisors about the importance of additive manufacturing in the development of the first eVTOL aircraft anyone can fly. (Read more here)



This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

11.02.22

Meet Kevin Rustagi, Director of Business Development

Kevin Rustagi is the Director of Business Development at LIFT Aircraft. When he joined the team in 2019, he brought his passion for flight and sharing the joy of flight with others. He is an inspiration! As a private pilot (Cessna, Cirrus), Kevin is a strong advocate for unlocking the skies. An entrepreneur himself, his prior experience includes co-founding a high-tech apparel company (Ministry of Supply), manufacturing for the iPhone at Apple, and studying engineering and business at MIT and Stanford University. 


We dug into the archives to share a wonderful interview Kevin did with the Drone Radio Show a couple of years ago (listen here). You won’t be able to listen without catching Kevin’s excitement for LIFT and our aircraft, HEXA. Some things have changed since this podcast was recorded - we’re now in production of our aircraft - but Kevin’s infectious enthusiasm remains the same!


Kevin Rustagi's first HEXA flight


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

10.28.22

LIFT Lands in New York City

We’re excited to announce that LIFT has signed a Letter of Intent (LOI) with the owners of Charm Aviation, one of the largest helicopter tour operators on the East Coast, to bring an entirely new kind of personal flight to the Big Apple as early as 2023. 

Plans are in the works to develop LIFT vertiports along New York City’s waterfront areas that provide access to the “Class G”, Visual Flight Rules (VFR) corridor that extends up to 1,300 feet around Manhattan. 

“New York is one of the largest markets for helicopter tour and air taxi operations in the world, and we expect the region will be one of the biggest markets for next generation, urban air mobility as well. We’re thrilled to be partnering with the owners of one of the largest helicopter operators in New York to bring LIFT to the region,” said Matt Chasen, CEO of Austin-based LIFT Aircraft.  

Charm Aviation operates one of the largest helicopter fleets on the East Coast, with operations in New York, New Jersey and Baltimore. The ownership group has a combined 40 years of experience operating helicopter fleets, and has experience operating heliports in Manhattan.

“Our top-selling tour flights last between 12 to15 minutes, so HEXA’s flight time is a perfect fit for self-piloted, recreational flights” says Caitlyn Ephraim, President of Charm Aviation. “HEXA is much quieter than a helicopter, so this will help us to reduce the noise footprint of the fleets we operate today. We think this is the future of the helicopter tour market.”

The parties have agreed to a pre-order for 100 HEXA eVTOL aircraft that they intend to deploy to multiple LIFT vertiport locations they will jointly develop in the greater NYC area over the next five years.  

Read more on our website. 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

It should be noted that letters of intent are non-binding contracts.











REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into LIFT Aircraft.

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$50,000+ Investment

Invest $50,000+ and receive 15% bonus shares.

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$100,000+ Investment

Invest $100,000+ and receive 20 % bonus shares.

JOIN THE DISCUSSION













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Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

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.

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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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.