LIFT Aircraft offering is now closed and is no longer accepting investments.
INVEST IN LIFT AIRCRAFT TODAY!
We develop drones capable of human flight.
$4,811,233.28 Raised
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 2020, the 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.
ABOUT
HEADQUARTERS
3402 Mount Bonnell Road
Austin, TX 78731
WEBSITE
View Site
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
Founder, CEO & Chairman of the Board
Balazs Kerulo
Chief Engineer
Kenny Miller
Chief Financial Officer
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
Director of Business Development
Kristin Giffin
Director of Marketing and Communications
Jace 'Digit' McCown
Director of Flight Operations & Chief Pilot
TERMS
LIFT Aircraft
Overview
PRICE PER SHARE
$2.66
DEADLINE
Apr 28, 2022
VALUATION
$188.82M
AMOUNT RAISED
$4,811,233.28
Breakdown
MIN INVESTMENT
$532
MAX INVESTMENT
$149,997.40
MIN NUMBER OF SHARES OFFERED
3,759
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
1,879,690
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 | : | $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”.
PRESS
ALL UPDATES
04.27.22
There's Still Time to Join the Waitlist!
A Message from Matt Chasen, LIFT Founder and CEO
Hello,
We’re in the final hours of our RegCF offering and while we've reached our $5M cap, there is still time to join the waitlist.
As this offering comes to a close, I want to thank you. In one way or another, you have supported LIFT Aircraft - as an investor, a follower, or a customer - and I’m grateful.
Less than 5 years ago, LIFT Aircraft was an idea - a vision. As a pilot, I’ve known the joy of flight and wanted to share that with as many people as possible. When LIFT publicly launched in 2018, the enthusiastic response confirmed what I suspected. People want to fly! We’re getting ready to launch our now sold-out 25-city tour, and many of you shared our vision for making flight accessible to everyone and secured your reservation for a flight. And you’re finally going to get your chance to take HEXA for a spin!
The response to the opportunity to invest in LIFT has bolstered my belief that people want to invest in start-ups; to find something they believe in and be part of it, not watch from the sidelines. To be part of the future - of innovation. Anderson Cooper recently said of our aircraft that it allows people to “fly the future, now.” From the design of our aircraft to our approach to fundraising, LIFT is removing obstacles and inviting everyone to participate.
We’ve now raised over $16M, including $5M from 2,300+ Start Engine investors - and that funding is helping us bring our shared vision for safe and accessible personal flight into reality. We hope you'll join the waitlist to be the first to know about any future offerings and visit our website to subscribe and receive our updates. We can’t wait to fly with you - soon!
Onward and upward!
Matt Chasen
Founder and CEO, LIFT Aircraft
04.26.22
Opportunity Ends Tomorrow!
Don’t miss your chance to invest in the aircraft Anderson Cooper said was “really cool” and “felt safe.”
Invest today - before the opportunity sells out!
04.25.22
Over 90% Sold Out and Less Than 2 Days Remain!
Don’t wait until the last day to invest and risk the offering selling out early!
Top reasons to invest:
More than $16M in funding raised to date, including $4.4M from more than 2,000 StartEngine investors
Sold out 25-city US tour
More than 4,000 pre-paid flight reservations, with 15,000+ on the waitlist!
Aircraft already in production, no FAA certification or pilots license required
FAA approval for first vertiport location in Austin, Texas
Manned public flight demonstration at SXSW 2022
Phase 3 US Air Force contract underway at Eglin AFB
Anderson Cooper piloted HEXA on 60 Minutes!
This campaign ends in just 2 days on April 27, unless it sells out sooner! Don’t miss out on this opportunity to invest in the future of personal flight!!
04.23.22
Final Countdown - 4 Days Left!
Just 4 days left to invest in the future of flight!
We're in the final stretch of our RegCF Offering, and we are blown away by the response! As you enjoy your weekend, consider making your investment in LIFT Aircraft before the opportunity sells out. LIFT has maintained the "Most Momentum" among StartEngine's campaigns and we're on track to hit our $5M cap before the end of the campaign in just 4 days!
04.22.22
Where Can I See HEXA Fly?
“Where can I see HEXA fly?”
It’s a question we’re asked a lot, and we couldn’t be more excited to announce that we’ll be flying HEXA in the 2022 Oshkosh air show - considered to be one of the world’s greatest aviation celebrations!
EAA AirVenture Oshkosh 2022 (July 25-31) will highlight the 75th anniversary of the US Air Force. We celebrate our partnership with the USAF and when HEXA isn’t in flight, you’ll find Team LIFT in the US Air Force/AFWERX booth. Stop by and jump into our virtual reality flight simulator to get a feel for what it’s like to take HEXA for a spin. A few lucky reservation-holders may even have an opportunity to fly that week…stay tuned for more on that!
See you at the air show!
04.21.22
CLOSING SOON! Just 6 days left to invest in the future of flight!
Almost 2,000 people have invested over $4,000,000 - breaking a StartEngine record in the process.
In the past week, we began flight testing at Eglin Air Force Base as we advance our partnership with the USAF under a Phase 3 contract, Anderson Cooper flew HEXA on 60 Minutes, and over $500k has been invested in the past few days alone.
With a regulatory cap of $5M, there is less than $1M left available, putting the campaign on pace to sell out before its closing date 6 days from now. Don't miss this opportunity to invest in the future of flight!
HEXA stands ready for its first flight at Eglin Air Force Base (US Air Force photo / Samuel King Jr.)
04.20.22
$4M Raised - Only 7 Days Remain!
Only 7 days remain and we’re on pace to sell out early!
We’ve raised over $450k in the past few days and there’s less than $1M still available. Don’t miss out on this opportunity to invest and join LIFT’s mission to make the joy and utility of flight accessible to everyone!
04.18.22
“That is cool. I can’t stop laughing… That is awesome, that is so much fun. Wow.” - Anderson Cooper
“I felt safe,” remarked Anderson Cooper after flying HEXA. “Just lifting off the ground…
you can’t help but laugh - it’s just a really cool feeling.”
In this clip from 60 Minutes, hear more about Anderson’s reaction to getting a “taste of the future, now” after his historic flight in our aircraft.
If you missed the full 60 Minutes segment featuring LIFT Aircraft last night, you can watch it here. We think it’s one of the best pieces that’s been done on the eVTOL industry.
As FAA administrator Billy Nolen remarked in last night’s program, “Clearly we are seeing the emergence of something that’s fantastic… This is real. And this is happening.”
Only 9 days remain to invest in LIFT’s RegCF campaign. Invest in the future, today.
04.17.22
LIFT to be Featured on 60 Minutes Tonight!
Be sure to tune in to 60 Minutes this evening as Anderson Cooper reports on "the flying vehicles that may soon have people soaring over bumper-to-bumper traffic." Featuring our aircraft, HEXA. You won't want to miss this!
Anderson Cooper & the 60 Minutes team with LIFT CEO, Matt Chasen, at LIFT Aircraft headquarters in Austin, TX.
04.15.22
Notice of Funds Disbursement
[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
REWARDS
$500
$500+ Investment
Limited edition LIFT Aircraft hat.
$1,000
$1,000+ Investment
Priority spot on flight waitlist, $100 (40%) discount on one $249 flight, plus a limited edition LIFT Aircraft hat.
$2,500
$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
$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
$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
$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
$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.
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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