GET A PIECE OF LUFTCAR
A True Flying Car
$65,081.73 Raised
REASONS TO INVEST
To the best of our knowledge, LuftCar is poised to offer one of the first eVTOL ‘flying forklift’ concept, using zero emissions hydrogen fuel cell propulsion for advanced air mobility. Technology being developed by the company will provide a sustainable, door to door solution applicable to innumerable industries – including automotive, air cargo, emergency medical services, defense, tourism, buses, and others.
Based on the broad applications for our technology, our conservative estimate for the total addressable market is about $500B by 2030, in line with an overall market that is projected to reach $1.5T by 2040.*
LuftCar’s leadership team is leveraging over 200 years of collective expertise in engineering and development for some of the world’s leading automotive and aviation enterprises. The company was founded by Santh Sathya who was a critical member of the team that built 300 hydrogen fuel cell cars for Ford Motor Company, in addition to leading product engineering teams at Boeing and GE.
the pitch
LuftCar is bridging the road to the skies with a vision of creating and commercializing autonomous air and road mobility (AARM) vehicles. The company’s award-winning technology is being developed to offer unparalleled air and road capabilities, utilizing hydrogen fuel cell propulsion as well as proprietary docking and landing systems. In the near future, we believe our innovations will be pivotal in transforming transportation as we know it, providing a fast, cost-efficient, clean energy solution, and connecting distant communities. The Company is currently pre-revenue and in the development stage. It does not currently have any products on the market.
Taking Ground Transportation To The Skies
For decades, science fiction and cinema have envisioned a world where cars can fly, but LuftCar is ready to make autonomous air mobility an everyday reality. Our patented technology features what we believe to be the first detachable modular design for combined air and road versatility, and is powered by clean energy in the form of hydrogen fuel cell propulsion.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
With the planned capacity for 300+ miles of air travel and 150+ miles of road travel, LuftCar is seeking to offer an impactful solution for personal mobility as well as a competitive option for commercial cargo, emergency services, defense operations, and other industrial transport.
The Problem & Our Solution
Disruptive Technology For Seamless Travel And Sustainable Transport
Transporting people and cargo across long distances is a modern-day necessity, but in LuftCar’s opinion, there is a need for vehicles capable of multidomain, multipurpose mobility. According to some recent statistics, currently only 2% of passengers choose air travel for distances up to 500 miles, due to high costs, and the need to rent a road vehicle to reach their final destination. Meanwhile, for cargo delivery, today’s drones are limited in payload and distance, due to energy density and battery constraints.
What LuftCar is engineering as an alternative is an entire end-to-end, interchangeable vehicle solution. The company’s AARM technology, combined with proprietary eVTOL systems will make it possible to connect entire countries, translating to faster, more efficient and cost-effective ground and air transport, which can be optimized for any number of use cases. The air frame ‘forklift’ can be rented to pick up any compatible road vehicle. Customers can ‘rent the wings for their car’.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
A few unique advantages offered by LuftCar include the ability to integrate with existing ground infrastructure, longer flight distances for intercity transport, affordability and freedom of travel for consumers, as well as expanded versatility for industries that traditionally rely on just one mode of transport. Additionally, because our vehicle designs are adaptable for any industry, we anticipate that LuftCar’s system will be implemented on a global scale for applications ranging from private mobility to last-mile delivery, disaster relief, healthcare, and military defense.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
The Market & Our Traction
Validated For Vertical Takeoff Via Strategic Partnerships And Established Industry Recognition
LuftCar’s scalable systems are positioning the company to realize multiple revenue streams, capturing market share in categories that include:
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
- Custom development of hydrogen fuel cell and battery hybrid propulsion for advanced air mobility customers
- Vehicles sales for air taxi, air cargo, air ambulance, and regional air transport through direct sales or leasing
- Short and long term service packages for air and road vehicles
- Defense contracts for LuftCar as a warfighter or emergency rescue vehicle
- Operation of LuftCar fleets, in tandem with airframe rental
- Contract building of air lift LuftPads, in partnership with H2 companies
Since launching in 2021, LuftCar has multiple patents pending approval and many recognitions, including the TechConnect Defense Award, the CleanTechOpen Regional Award, and the AviationWeek Demolition Derby Award for Best Concept. We have also begun signing MOU partnership agreements with a number of airports and industry leaders – including Bosch Aviation and NYSERDA – and have received a purchase order* for 15 vehicles from our first cargo distributor customer.
*The above order is subject to the successful trials of LuftCar prototype and thereafter approvals and all necessary Air and Road certifications from the Federal Aviation Authorities and other Air/Road transport authorities in the USA and in the UAE.
Why Invest
Join Us On Our Flightpath To The Future
LuftCar’s long-term vision is developing a traveling concept that will democratize air transport and build social equity by better connecting communities. Within the next year, the company’s roadmap entails prototyping our hydrogen fuel cell and battery propulsion technology to the market, as well as a custom-built two-seater vehicle to demonstrate LuftCar’s docking, undocking, and hover capabilities. We are also on pace to demo our first LuftPad in early 2024, and will be developing additional vehicles for cargo transport in the following years.
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
With your support, we look forward to achieving our dream of forever changing transportation, delivery, and disaster relief. Thank you for investing with us on StartEngine!
ABOUT
HEADQUARTERS
10 N Orange Avenue
Orlando, FL 32801
WEBSITE
View Site
LuftCar is an autonomous air and road mobility company developing electric vehicle take-off and landing (eVTOL) solutions. The company is in development and currently advancing toward the prototype stage for its flying vehicle technology.
TEAM
Santh Sathya
CEO, Founder, CFO, Chairman of the Board
Santh has a MBA from the Fuqua School of Business, Duke University, MS in mechanical engineering from Ohio University and BS in Mechanical Engineering from College of Engineering, Guindy. Santh also holds an Artificial Intelligence Strategy Certification from MIT.
Santh works full time for LuftCar - 40 hrs a week
Alan Springs
Vice President Design (Part Time)
Alan reports to Santh Sathya, CEO of LuftCar.
Alan works part time for LuftCar - 20 hrs a week
Doug Lampe
VP Systems & Digital (Part Time)
Before joining Deloitte, Doug had a distinguished career at Lockheed Martin holding many technology-focused roles and leading teams performing both system integration and application development. His time at Lockheed provided insight into Supply Chain Management, Manufacturing, Quality Management, Product Support, and Engineering. Doug’s leadership in the area of data analytics was instrumental in Lockheed Martin becoming the first Department of Defense contractor to win the prestigious Malcolm Baldrige National Quality Award.
Doug holds a B.S. in Mechanical Engineering from the University of Florida and an M.S. in Engineering Management and Industrial Engineering from the University of Florida. He is also a graduate of Lockheed Martin's Operations Leadership Development Program.
Doug reports to Santh Sathya, CEO of LuftCar.
Doug works part time for LuftCar - 20 hrs a week
Daphne Dixon
Vice President of Business Development
Her key strengths are: Get community buy in from municipal, business, businesses, and community members on hydrogen and air mobility technologies and develop customer and investor relations globally.
Daphne graduated from the UCLA.
Daphne reports to Santh Sathya, CEO of LuftCar.
Daphne works full time for LuftCar - 40 hrs a week
Saleem Ahmed
President - Middle East Markets
As the President of Middle East and Africa for LuftCar, Saleem is building and spearheading its expansion and go-to-market strategy, with the vision to build ecosystems in partnership with Government bodies and the private sector to revolutionize transportation (in ways not thought possible) while contributing to a better and cleaner world.
Saleem reports to Santh Sathya, CEO of LuftCar. He currently works part-time for the company and spends approximately 40 hours/week on LuftCar items, he is based in the UAE.
Suresh Kannappan
VP - Supply Chain Development (Part Time)
Suresh will serve as VP - Supply chain and strategically source suppliers for building prototypes.
Suresh reports to Santh Sathya, CEO of LuftCar.
Suresh works part time for LuftCar - 20 hrs a week
Jan Kulow
Advisory Board Member (Part Time)
Jan is a strong aviation professional with managerial and piloting experience. He helped building up one German airline start-up by setting up a business intelligence department and being responsible for the airline’s strategy assessment, controlling, reporting and data management. He has piloted aircrafts for the Airbus A320 Family. Jan supported the development of aerospace industry with governmental mandate from North Rhine Westphalia, Germany. Currently, he is managing operational risks and safety for a large consulting firm in Aachen, Germany.
Jan-Frederic holds a master’s degree in International Management- Aviation Business form the German International University (former IUBH) and bachelor’s degree in Aviation Business and Piloting from the HTW Saar, Germany. In addition, Jan has secured various certificates with aviation reference and data management. Currently, Jan is working at DSS+ Sustainable Solutions (former DuPont S.S.) in the role of manager.
Jan reports to Santh Sathya, CEO of LuftCar.
Jan works part time for LuftCar - 10 hrs a week
TERMS
LuftCar
Overview
PRICE PER SHARE
$3
DEADLINE
Aug 25, 2023
VALUATION
$30M
FUNDING GOAL
$15k - $1.23M
Breakdown
MIN INVESTMENT
$198
MAX INVESTMENT
$1,234,998
MIN NUMBER OF SHARES OFFERED
5,000
MAX NUMBER OF SHARES OFFERED
411,666
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
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.
Investment Incentives and Bonuses*
Time-Based Perks:
Early Bird
Invest within the First 2 weeks hours and receive an additional 10% bonus shares
Volume-Based Perks:
$25,000+ | Tier 1
Invest $25,000+ and receive 5% bonus shares
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
LuftCar Corp. 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 $3.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $300. 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 the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
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”. Inter company debt or back payments.
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
Furaha Bryant
a month ago
I'm must wait to invest before close IF you choose (or not?) to extend SEC timeliness in one day's time or less, although it's oh so amazing that as few see this as a reality in car[w]ing global longevity. IF you wish to run this campaign again, do PLEASE allow me & my micro team to market-upgrade a Hollywood style video campaign, knowing how America🇺🇸wants to see itself flying at harrier stealth futures. Take SERENITY for instance. Mal's ship from Firefly! LUFTCAR is VERY close to the naked👁but hydrogen necessitates successful larger/more power fuel ICE-HYDROGEN propulsion/exhaust! It's time to take/make/upgrade this 'H' to the next level configuration. KNOWN TECH won't cut it. Let's reinvent the down-WASH to fit a reel to real🦾Ai👩🏼🚀+👨🏼✈️=🚀hotshot🤳🏻pilot like Hoban "Wash" Washburne! As an Eco-Inventor it's a wheelhouse so few truly AND OR earnestly understudy/stand. Let's take this overseas, overview & to space! ⁹⁴⁴
0
0
Santh Sathya
LuftCar
•
2 months ago
A large Truck OEM has expressed interest in partnering with LuftCar as an offtake for hydrogen.
https://www.luftcar.com/news-and-press-release/luftcar-receives-h2-hub-offtake-and-vehicle-concept-letter-of-support-from-the-kenworth-truck-company
0
0
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!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
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.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
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.
PINNED BY STARTUP
Santh Sathya
LuftCar
•
2 months ago
0
0