Parallel Flight Technologies offering is now closed and is no longer accepting investments.

INVEST IN PARALLEL FLIGHT TECHNOLOGIES TODAY!

Saving lives, property, and the environment

We’ve created patent-pending drone technology that will allow drones to carry heavy payloads for over two hours. This will make it ideal for use in fighting wildfires, search and rescue, and logistics missions. Our unmanned, autonomous aircraft open new possibilities for the safety of first responders and many other commercial applications.

This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Parallel Flight Technologies

$6,308,871.29 Raised

Offering Circular Selected Risks Related to this Offering | Parallel Flight Technologies' SEC EDGAR Page  | Signed to Trade disclosure


For more information on Parallel Flight Technologies, download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision. 



Reasons to Invest

  • Large Market Potential: Operating between 3 large industries. $65B Industrial Logistics + $20B Healthcare + $10B Wildfire Suppression markets

  • Strong Team: CEO is a former Tesla Semi-Truck electrical engineering leader. Founding team has deep robotics experience from Verb Surgical, drone swarm work with the Navy, and machine vision expertise
  • Innovative Technology: NASA, NSF and USDA funded, 10X longer flight time with a heavy payload vs. existing technology for unmanned aircraft



“Heavy Lift +10X Longer Flight Time”


Success since our last raise


Since our last offering, Parallel Flight has reached multiple milestones:

  • We have increased customer traction with deployments planned in 2021.
  • We have designed the new hybrid power modules and airframe for the beta-level aircraft and have been testing for several months.

  • We signed to trade on StartEngine Secondary. Our upcoming quotation is planning to undergo the diligence process once our Regulation A+ campaign is concluded.
  • Under a NASA grant, we successfully completed the development of a redundancy system that will provide a safety advantage over other technologies.

  • Under an NSF grant, we have developed computer models of our aircraft system to validate control algorithms.

  • We were awarded a grant from the USDA for the development of a large-scale platform for controlled ignition (preventative burns and firebreak burns).

  • We filed two additional provisional patent applications for our key algorithms and the safety mechanism developed under NASA.












*Actual Product - Not A Model

The problem


Today's drones can only carry a heavy load for 15 minutes



Electric drones can only fly for fifteen minutes when carrying a heavy payload. Existing gas-powered drones have the ability to fly longer, but can’t carry heavy payloads. Ongoing and dangerous problems, like the wildfire crisis, could seriously benefit from the use of drones, but need long flight-time and heavy-lift.  The Forest Service, military, and private companies are actively looking for heavy lift solutions for wildfire and other applications, but the existing solutions are too limited in terms of flight duration and payload. 

The solution


Our new Parallel Hybrid drone can fly for hours with a heavy payload



Our new Parallel Hybrid technology is a 10X improvement over existing solutions in terms of flight-time with a heavy payload. Our Parallel Hybrid system increases efficiency and eliminates a heavy generator component used in other hybrids. This means higher efficiency and more payload capability. Parallel hybridization is used in the automotive world, but has never been applied to drones, until now.  



*Actual Product - Not A Model

The market


$10B, $20B, and $65B Markets



The market for wildland firefighting is $10B in the USA, Canada, and Australia and is growing by around 10% per year.[1] The healthcare logistics sector is estimated to reach $20B by 2025 and the industrial logistics market should reach $65B by 2025.[2] Our technology will have important verticals in all of these markets. It will enable heavy lift and long-range beyond visual line of sight (BVLOS) applications across multiple industrial logistics verticals, providing advanced solutions for infrastructure, renewable energy, construction, environmental protection, and remote logistics. In the complex healthcare logistics space, our technology will be ideal for the delivery of critical medication, vaccines, medical equipment, biospecimens, and defibrillators. By partnering with companies across various industries, Parallel Flight can provide full-stack solutions to multiple worldwide markets. 


We will begin by fighting wildfires

Our initial market is wildland firefighting support. Wildfires are an urgent public safety crisis that has been exacerbated by environmental problems. Every year, thousands become victims of wildfires and there is a constant search for new technology that will help combat these fires. Our drone technology will help firefighters by bringing them supplies such as tools, fuel, food, water, etc.  while they are in the field. It will also be able to perform controlled burns, which is an important tool for fighting wildfires. Our aircraft will also be able directly drop water on spot fires when manned aircraft are grounded due to heavy smoke or during the night. 



.Bringing tools, such as chainsaws, to firefighters in the field can save time so they don't have to hike back to basecamp.
Our unmanned aircraft can fly the equipment to a drop point.

our traction


Header


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what we do


Header


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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.



The business model


Header


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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.



How we are different


Header


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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.



the vision


Header


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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.





our leadership


Header


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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.



why invest


Header


Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.





Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.



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ABOUT

HEADQUARTERS
450 McQuaide Drive
La Selva Beach, CA 95076

We’ve created patent-pending drone technology that will allow drones to carry heavy payloads for over two hours. This will make it ideal for use in fighting wildfires, search and rescue, and logistics missions. Our unmanned, autonomous aircraft open new possibilities for the safety of first responders and many other commercial applications.

TEAM

Joshua Resnick
Joshua Resnick
CEO and President

Joshua brings a passion for groundbreaking technology and years of hybrid and electric powertrain expertise to Parallel. Prior to Parallel, he led system architecture and electrical engineering for the Tesla Semi Truck program. Before moving to California, he led state-funded research for the State of Alaska developing hybrid electric commercial fishing boats. When he is not designing the future, Joshua enjoys flying RC helicopters and hiking with his family.

David Adams
David Adams
Director of Operations and Treasurer of the Board

David began his career aboard nuclear submarines and is an engineer qualified officer. Following this, he supported Naval research into drone swarms. After leaving the Navy, David focused his career on robotic systems integration and design. He has worked in both the semiconductor fabrication field and in surgical robotics. When he is not designing heavy lift drones, David enjoys snowboarding and camping with family and friends.

Bobby Hulter
Bobby Hulter
Director of Software and Controls and Secretary of the Board

Bobby has a broad background spanning physics, as well as several engineering disciplines. His main focus has been on machine vision and software. He has applied these skills to industrial robotics systems for solar cell manufacturing. When he is not writing code for heavy lift drones, he enjoys camping with his family.

Mark Bathrick

Mark Bathrick

Adviser

Mark is a Top Gun graduate and former test pilot for the Navy. He has 30+ years of UAS testing, acquisition, management, and operations experience. He is a recipient of the 2017 Commercial Drone Alliance Industry Heroes Award and was listed in 2018 by Commercial UAV News with the Top 7 Drone Visionaries.

Kasey Krape

Kasey Krape

Adviser

Kasey brings experience from Tesla as a Senior Manager of Global Inside Sales, Global Customer Experience, and senior staff manager for Strategy and Business Development for the Tesla Semi Truck program. She currently is a Sr. PM for Retail Operations and Global Product Launch at Apple.

Mike DelPrete

Mike DelPrete

Adviser

Mike is an experienced entrepreneur having founded and successfully sold Agora Studios. Following this he led strategy and then became Head of Ventures for Trade Me. Today he is an advisor to tech companies worldwide.

Scott Watson

Scott Watson

Adviser

Scott devoted close to 40 years in the fire service, starting with the US Forest Service, and retiring from CAL FIRE as a Battalion Chief. As an aerial firefighter, he has over twenty years in tactical helicopter operations.

Scott Allen

Scott Allen

Mechanical Engineer

Scott has more than 30 years of industrial design experience, with an extensive background designing cars, car parts, motorcycles, and other vehicles for Yamaha, Polaris, Jaguar, Mercedes, VW, and DeLorean. He also has experience designing helmets for bikers and motorcyclists and has worked on space shuttle designs with NASA. 

Max Kauker

Max Kauker

Mechanical Engineer

Max is a recent graduate of Embry-Riddle Aeronautical University, holding a degree in Mechanical Engineering with a concentration in propulsion. He was a member of the university's rocketry club and previously interned at PFT.

Luis Barragan

Luis Barragan

Electrical Engineering

Luis is a recent graduate of the University of California, Santa Cruz, with a Bachelors in Electrical Engineering. At UCSC, Luis was part of the university's first FSAE program and CubeSat program.

Jim Penny

Jim Penny

Manufacturing Operations

Jim has over 25 years of experience planning and deploying production for a range of products. Most recently, he implemented a production plan for a plastics fabrication business to support COVID-19 PPE and deployed a kelp forest restoration plan for a start-up company using ROV drones.

Greg Bringedahl

Greg Bringedahl

Lead Technician

Greg is an aviation maintenance professional with over 10 years of experience, which he gained in the field from the US Air Force and as a civilian DOD contractor. He has an extensive background in manned aircraft maintenance and over 2,500 hours of drone flight experience.

Seth McGann

Seth McGann

Test Engineering

Seth enjoys working on electronics prototyping, embedded systems, data acquisition and analysis. He is also a very experienced coder with deep firmware experience.

Chris Lee

Chris Lee

Test Engineering

Chris is a graduate of Cal Poly University with a degree in Mechanical Engineering. He has experience in mechanical design, system testing, quality, and manufacturing engineering. He enjoys wrenching on a wide variety of mechanical systems and projects.

Sara Beth Doherty

Sara Beth Doherty

Communications and Marketing

Sara Beth has an impressive background in strategic communications, public relations and marketing, working across a variety of industries including hospitality, consumer products and technology.

Sara Lunsford

Sara Lunsford

Business Project Manager

Sara has an extensive background in business operations and bookkeeping, with over 15 years of experience in project management roles. She supports accounting, human resources, and business development projects for PFT.

TERMS

Parallel Flight Technologies
Overview
PRICE PER SHARE
$4.67
DEADLINE
Jul 1, 2021
VALUATION
$28.7M
AMOUNT RAISED
$6,308,871.29
Breakdown
MIN INVESTMENT
$499.69
MAX INVESTMENT
$1,999,997.55
MIN NUMBER OF SHARES OFFERED
107
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Common Stock
MAX NUMBER OF SHARES OFFERED
1,605,995

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Parallel Flight Technologies, Inc.

Corporate Address

:

450 McQuaide Drive, La Selva Beach, CA 95076

Offering Minimum

:

$499.69

Offering Maximum

:

$7,762,576.83

Minimum Investment Amount

(per investor)

:

$499.69











Terms


Offering Type

:

Equity

Security Name

:

Class B Common Stock

Minimum Number of Shares Offered

:

107

Maximum Number of Shares Offered

:

1,662,222

Price per Share

:

$4.67

Pre-Money Valuation

:

$28,700,000.00











PRESS

Article Image
Commercial UAV News

How Will Extended Flight Time for Drones be Powered?

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Unmanned System Technology

Weighty Matters

Article Image
Commercial UAV News

Parallel Flight Technology Has Lift Off!

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Fire Aviation

Parallel Flight Technology’s next drone model will be able to carry 100 pounds for hours

Article Image
Monterey Bay Drones Automation & Robotics Technology

2019 Monterey Bay DART Symposium Highlights Reel

ALL UPDATES

11.23.21

#ParallelFlight autonomous flight dynamics testing!

#ParallelFlight autonomous flight dynamics testing with a 50lbs payload. This payload is a 5 gallon 'cubi' of drinking water, used by wildland firefighters.
#UAS #heavylift #drones
Stay tuned and be sure to follow #PFT on Facebook, LinkedIn and Instagram for more updates!


11.09.21

Latest Buzz from the Hive!


Dear Investors,

It’s been a few months since the close of our Regulation A+ offering with over $6.5 million raised and the expansion of our PFT investor family. Parallel Flight continues on an upward trajectory and this past quarter has shown no signs of slowing down. Momentum continues to build as the company’s list of signed letters of intent grows, progress continues on our USDA SBIR Phase II grant, and we add exciting technology developments to give us a leading edge. 

As the demand for our heavy-lift, long duration aircraft increases, as well as more interest in our Hybrid Technology, the PFT team continues to make tremendous performance enhancements of our new hybrid power module. We have increased our logged flight time  with daily flight testing of our drones, and we are actively testing and developing mission CONOPS (concept of operations) with several customers. 

You can read more about our recent progress below, and as always, I’m available to answer any questions you may have. I want to personally thank you for taking this journey with us, as we work toward delivering unmanned systems to save lives, property and the environment.
 

Sincerely,


Joshua Resnick, CEO


USDA SBIR Phase 2 Award Progress

After completion of a preceding Phase I program, development efforts for a recent $650,000 SBIR USDA Phase 2 Grant, are currently underway.  Parallel Flight continues to work closely with partner Drone Amplified, a leader in the controlled burn space, to support further development of a large-scaled unmanned system for aerial ignitions, also known as prescribed burns. 

This Phase 2 effort is aimed at further technology enhancements and continuation of successful demonstrations of PFT's heavy-lift aircraft and Drone Amplified's IGNIS prescribed fire system. The team is working diligently towards the delivery of a large-scale unmanned solution using Parallel Hybrid technology to the US Forest Service and other agencies, which will result in lower costs associated with prescribed fire and increased safety for personnel.

Recent testing indicates this UAS will be able to ignite 1000 acres of controlled burn in a single flight, with eight times the payload carrying capacity and ten times the flight duration of the existing solution.

Click to read the full press release on Parallel Flight's Wildfire Prevention Phase 2 program. 



Taking a 360° Parallel Flight

This video highlights a typical day in the  testing field, showcasing a 360° view from atop of a Parallel Flight drone.  In this clip, the Flight Controls team tunes our electric test aircraft, for 50 pounds of payload using 200 feet of fire hose.   



StartEngine Secondary - Now Live!

Investors in Parallel Flight Technologies' Reg A campaign now have the ability to trade their shares through StartEngine Secondary, one of the first markets in the US where non-accredited investors can publicly trade investments in startups that have raised capital via crowdfunding.

We will be closing our Secondary trading by the end of the year - more information on a final close date will be announced soon.


This  quotation allows our Regulation A+ investors to sell or trade their shares in PFT.  StartEngine Secondary provides an alternative to waiting for a liquidity event, such as an acquisition or IPO, giving investors the option to trade available shares in a company with other investors.  Regulation A+ investors can offer their shares for sale on StartEngine Secondary and begin browsing, buying and trading shares online. For more information, please visit the detailed Secondary FAQ  for Investors.

08.13.21

VOTE for our SXSW PanelPicker® Idea!


Community voting is now open for the 2022 South by Southwest® PanelPicker®, and we need your vote! This is an opportunity for PFT CEO Joshua Resnick and a panel of wildfire experts to present our game-changing drone technology at one of the world's most prominent tech and culture conferences.


If you'd like to see PFT  on stage at SXSW 2022, then cast your vote for our idea: A Techno-Traditional Approach to the Wildfire Crisis.


VOTE NOW


Voting takes less than two minutes, and every vote counts! Simply create a SXSW account, log in, and click "Vote Up" on our proposal page


Our proposal, "A Techno-Traditional Approach to the Wildfire Crisis," explores the ancient practice of prescribed fire and how advanced drone technology can be used to modernize this practice to help prevent catastrophic wildfires. 


Help us share these insights on the SXSW stage by voting today! PanelPicker® voting is open through August 26th.

08.04.21

PFT Awarded a Phase 2 Grant from the USDA



We're excited to announce that Parallel Flight Technologies has been awarded a Phase 2 Small Business Innovation Research (SBIR) grant from the USDA. The $650,000 grant was awarded to PFT and Drone Amplified, the developer of the IGNIS prescribed fire system, to support further development of a large-scale UAS for prescribed fire.


This Phase 2 grant follows our recent completion of a Phase 1 grant that demonstrated successful integration of PFT’s heavy-lift aircraft and Drone Amplified’s IGNIS system. The goal for the Phase 2 grant work is to deliver this large-scale unmanned prescribed fire solution based on our parallel hybrid technology for use by the US Forest Service and other agencies. Our research indicates that this UAS will have eight times the payload carrying capacity of the existing solution as well as ten times the flight duration, resulting in more acres managed by prescribed fire at a lower cost and with increased safety for personnel. It will also provide more effective prescribed fire during active wildfires.


We're excited to continue our research and development under this USDA grant and ultimately deliver an advanced solution for wildfire prevention and land management.

07.26.21

See you at XPONENTIAL!



Parallel Flight Technologies will be exhibiting at AUVSI XPONENTIAL 2021, taking place August 16-19 in Atlanta. Visit us at Booth #2201 to meet our team and see our Firefly aircraft in person!


LEARN MORE


We hope to see you there!

07.02.21

$6.5M Raised! Thank you from Parallel Flight



Dear Investors,

 

That's a wrap! Our Regulation A+ offering officially closed on Wednesday, with more than $6.5M raised. On behalf of myself and the entire team here at Parallel Flight, I want to thank each and every one of you for your support throughout this campaign. 

 

To our 4,776 new investors - Welcome to the Parallel Flight family! Here are some things you need to know:

  • Verifying your investment status: It may take a few weeks for PFT to receive the full list of new Reg A investors, so we encourage you to verify your investment status by logging into StartEngine's investment dashboard. If you have any questions about your investment, please visit StartEngine's FAQ page or contact their support team at contact@startengine.com

  • Staying up-to-date with PFT: If you aren’t already signed up for our email list, please subscribe to receive the latest updates from The Hive. You can also follow our social channels via the links below or login to the Investor Portal on our website to view quarterly investor updates and FAQs.

  • Getting your PFT gear: For those of you who invested $1K or more, your gear is coming soon! Please be patient with our small team as we work to pack and ship t-shirts and hats to thousands of you. 

  • Contacting our team: If you have questions for me or one of my team members, please email us at invest@parallelflight.com and we will reply as soon as possible.


Thank you again for supporting us throughout our most ambitious crowdfunding campaign to date. You have helped bring us one step closer to delivering unmanned systems to save lives, property, and the environment.

 

Cheers,

Joshua Resnick, CEO


06.30.21

Hours Left: PFT's Reg A Closes Tonight!


Parallel Flight Technologies' Regulation A+ Offering will close tonight at midnight!


Don't miss your opportunity to be an early-stage investor in our game-changing drone technology!


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

06.30.21

Final Hours of Reg A: PFT Advisors Visit African Countries with a Goal of Securing Contracts



PFT Advisors Visit African Countries with a Goal of Securing Contracts


Parallel Flight Technologies advisors recently toured four African countries with a goal of securing contracts for industrial logistics and other delivery applications. Our team is now engaged in advanced negotiations with these potential customers who are interested in utilizing our heavy-lift drone for logistics, medical deliveries and agriculture. 


In addition to these exciting contract negotiations, Parallel Flight Technologies has achieved substantial company milestones throughout the course of our Regulation A+ offering. 


Since opening our Reg A round in September, we have:

  • Completed construction of our first commercial-intent drone, Firefly, and began advanced flight testing with the aircraft

  • Received 30 signed letters of intent from potential customers 

  • Completed grant work for the NSF and USDA

  • Hired 10 full time employees and added 3 industry experts to our advisory board

  • Met with government leaders in the US and abroad to discuss the potential for our heavy-lift drone technology

  • Became an official partner of the Alaska Center for UAS Integration (ACUASI), a Lead Participant in the Federal Aviation Administration’s BEYOND program, allowing us to demonstrate missions for the BEYOND program

  • Formed commercial partnerships with industry leaders 

  • Signed to trade on StartEngine Secondary 

  • And raised millions from investors like you!


Now, we're hours away from wrapping up our most ambitious crowdfunding campaign to date! We look forward to achieving even more in the coming months with the support of our 4,000+ new investors.


If you haven't invested in our Regulation A+ offering, now is the time. Make your investment now before our round closes in a few hours!


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

While the company has signed a quotation agreement to trade the securities offered on StartEngine Secondary’s new alternative trading system (the “ATS”), a company which intends to be quoted on the marketplace will be subject to certain requirements which the company may or may not be able to satisfy in a timely manner. Even if a company is qualified to quote its securities on the market, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.

06.29.21

1 Day Left: THANK YOU for following our Reg A!


Hey everyone,


The final hours of our Reg A offering are finally here! I wanted to send you all a quick video message to say thank you for following along throughout this journey.


The past eight months have been truly incredible for Parallel Flight. We introduced our first commercial-intent drone, Firefly, and completed hours of flight testing with the aircraft. We grew our customer pipeline and now have 30 signed letters of intent from potential customers. We're now preparing to bring this new parallel hybrid aircraft to the market, and we believe our technology has the potential to revolutionize the drone industry on a global scale.


Thank you, again, for supporting Parallel Flight throughout this campaign. If you've been waiting for the right time to invest - the time is now! Our Reg A offering closes tomorrow at midnight, so don't miss your opportunity to invest in the future of drone technology. 

 

Cheers,

Joshua Resnick, CEO



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

06.28.21

2 Days Left: 30 Signed LOIs


Parallel Flight Receives its 30th Signed LOI


Our customer pipeline continues to grow!

PFT has received 30 signed letters of intent from potential customers who are interested in purchasing more than 200 aircraft over the next three years, making our customer pipeline worth over $75 million.


We believe there are endless possibilities for our groundbreaking technology, and we hope you’ll join us in our mission to deliver unmanned systems to save lives, property and the environment. 

Our Regulation A+ Offering closes in just two days, so don’t miss your chance to invest!


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

REWARDS

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

$1,000

Parallel Flight T-Shirt

Invest over $1,000 and earn a Parallel Flight t-shirt!

$2,500

Parallel Flight Hat

Invest over $2,500 and earn a Parallel flight hat and t-shirt!

$15,000

Executive Perk

Earn an invitation to Beta aircraft unveil event/dinner with executive team. You'll see a flight demo with the object of your choice. Travel costs to the event are not included. T-shirt and hat perks are included.

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!

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.

RAISED
$6,308,871.29
INVESTORS
4,600
MIN INVEST
$499.69
VALUATION
$28.7M

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Important Message

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.