XTI Aircraft Company is in live offering mode and is actively accepting Title IV investments.
$350.00 minimum investment

XTI Aircraft Company

The future is now. Lift Up. Jet Out.

Large OPO
Englewood, CO
Transportation
Accepting International Investment
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Welcome to XTI Aircraft Company. Our revolutionary TriFan 600 aircraft is a big opportunity designed to deliver even bigger returns. There’s a significant unmet need in the aircraft market —and we have the only viable way to fill it. Those who invest now will own a piece of XTI and benefit as we grow and achieve our milestones. We invite you to learn more and join us on this journey.

Successful businesses solve problems. They make customers’ lives easier. And that’s exactly what the TriFan 600 is all about. We are filling a market need - door-to-door air travel over long distances - in ways no other aircraft possibly can.

No commercial aircraft of any kind can fly directly from point A to point B with the range, speed, or comfort of the TriFan 600 vertical takeoff airplane. This is a new type of aircraft, with an entirely new combination of capabilities that are unique in the market.

Our initial target market for the TriFan 600 is business aviation, specifically corporate executives and high net worth individuals. Business Jet Traveler magazine says that people fly privately to (1) save time, and (2) gain access to destinations not served by airlines. The TriFan 600 accomplishes both objectives.

The TriFan 600 will save each person hundreds of hours a year by not having to travel to and from airports by ground transportation. For business people, every wasted hour due to travel time has an inherent opportunity cost, and that’s why aircraft owners will pay millions more for time and convenience. But as shown in the figure below, the speed of an aircraft does not always equal more time saved, and the TriFan completely trumps conventional business jets and helicopters in this regard.

Prior to its August 2015 launch, XTI commissioned detailed market studies that reported a strong potential market and ongoing demand for the TriFan 600.

These studies, conducted by prominent aviation market research firms, give us reason to be bullish on the future. Globally there are over 60,000 business airplanes and helicopters in operation. Based on market trends and projected demand for fast, runway-free transportation, experts say XTI can expect to annually sell a minimum of 40 and up to 100 TriFan 600s, each priced at $6-8million.

In addition to the crowdfunding and other fundraising efforts currently underway, XTI intends to initiate a pre-sales program in 2017. Buyers will be able to make a refundable deposit, reserve their place in line, and retain that priority position as the company reaches commercial production of the TriFan 600. With as few as 100 orders, the gross revenues of XTI represented by those orders would be over $600m.

After generating market interest through the pre-sales program, and quantifying demand through refundable deposits and orders received, the company will leverage that data to increase its valuation for the next round of financing.

All members of XTI's management are shareholders in the company and highly motivated and incentivized to increase the company's value and create a path to liquidity and a market for all shareholders, including those who invest through Regulation A+ crowdfunding financing. In addition to making shares tradeable in the secondary market, XTI will continually assess and explore other ways to achieve liquidity for all shareholders, including strategic relationships with publicly traded aircraft companies, and examining whether an initial public offering should be part of the company's financing strategy within the next few years. These are all realistic and viable options.

The XTI business plan includes a realistic path to profitability and strong returns for investors when targets are met. Current priorities are (1) pending financing initiatives, (2) completing diligence on the technical aspects of the TriFan, and (3) continuing discussions with potential vendors, partners, and suppliers for the prototype and production aircraft.

The TriFan 600 is a six-seat, vertical takeoff and landing airplane. It is not based on new technology, but it takes existing technology and applies it in a revolutionary configuration. This reduces risks associated with manufacturing and obtaining FAA certification.

Features include ample cabin space, easily configured with multiple options.

Using three ducted fans, the TriFan 600 lifts off vertically. In seconds, the two wing fans rotate forward for a seamless transition to high-speed flight. And within just 90 seconds, the aircraft reaches cruising speed – where, like every other fixed-wing airplane, the wings provide lift. The fuselage-mounted fan, no longer needed, closes up. The airplane flies directly to its destination and reverses the process, landing vertically right where it needs to be – over a clear helipad sized paved surface, a golf course, backyard, job site, or thousands of other locations around the world where it’s safe and legal to land and takeoff.

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. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM:

https://www.sec.gov/Archives/edgar/data/1638850/000164460016000157/xti_oc8.htm

YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.

THESE 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.

In the Press

TriFan VTOL Goes Hybrid
December 31, 1969

XTI Aircraft Co. has switched to hybrid-electric propulsion for its planned TriFan 600 ducted-fan vertical-takeoff-and-landing (VTOL) business aircraft.

Updates

XTI Goes Hybrid-Electric!

18 days ago

XTI’s TriFan VTOL Goes Hybrid With Bye Aerospace

Mar 8, 2017                                                                                           |                                                       Aviation Week & Space Technology                                             

Startup XTI Aircraft Co. has switched to hybrid-electric propulsion for its planned TriFan 600 ducted-fan vertical-takeoff-and-landing (VTOL) business aircraft.

Replacing twin turboshaft engines, gearboxes and driveshafts with a turbine-driven generator, batteries and motors will reduce purchase and operating costs while providing similar performance, says new CEO Bob LaBelle.

XTI has teamed with electric propulsion specialist Bye Aerospace to develop the hybrid-electric system. Because of the lower weight and cost of the system, the planned TriFan prototype—which was to be built at 65% scale—will now be full size.

TrIFan has tilting ducted fans on the wing for vertical and forward flight and a fan in the rear fuselage for vertical lift. Credit: XTI Aircraft


The Denver-based startup has yet to raise the funding for the prototype, or for certification of the production TriFan, but LaBelle says there has been a “significant increase” in investor interest with the move to a more advanced, but less expensive configuration.

Formerly CEO of AgustaWestland North America and involved in the AW609 civil tiltrotor program, LaBelle says he set four goals for the TriFan: get the  price down; do something more leading-edge on propulsion; achieve low operating costs; and retain business-jet-like performance.

In place of the two heavy turboshafts and custom-designed gearboxes and transmissions, XTI will now use a single, lighter, high-efficiency turboshaft and a generator, batteries and motors that will be off-the-shelf. “Nothing will be of bespoke manufacture,’’ he says.

Rotorcraft manufacturers including Airbus Helicopters are assessing hybridization as a way to use smaller, more-efficient turboshafts in twin-engine helicopters yet still meet one-engine-inoperative performance requirements by using batteries and electric motors to provide backup power.

Hybrid-electric propulsion will reduce both purchase and operating cost for the VTOL business aircraft, says XTI. Credit: XTI Aircraft


The TriFan 600 has three ducted fans. Two are mounted in the wing leading edge and tilt to provide lift for vertical flight and thrust for forward flight. The third fan, in the rear fuselage, provides vertical lift and is shut down and covered over in forward flight.

The hybrid architecture will reduce complexity, says George Bye, founder and CEO of Bye Aerospace. “We can size the turboshaft for cruise and [battery] electric power will supply the extra energy required for VTOL and transition,” he says.

Eliminating the heavy mechanical systems may allow the aircraft to be slightly smaller, says Bye. “It can be a more elegant design. There is an opportunity to make it more aerodynamically efficient and to carry the same payload more efficiently.”

Overhead view of XTI Aircraft TriFan

Design changes related to replacing the heavy mechanical drive system with a hybrid-electric powertrain are expected to improve the TriFan’s aerodynamic efficiency. Credit: XTI Aircraft


Instead of driving the fans mechanically via driveshafts, the motors will be mounted inside the ducts, which will reduce drag and increase effective blade area, says Bye. Electric power with also provide “almost instantaneous response” when hovering in gusts and crosswinds. “Adding hybrid to VTOL doesn’t just increase efficiency,” he says. “Safety close to the ground is also enhanced.”

Thin-film solar cells mounted on the upper surface of the airframe as a secondary power source will generate about 4 kW of electrical power on the ground. “These will provide power for ground operations so we don’t have to use the main batteries—4 kW is enough to taxi on,” says LaBelle.

The change of propulsion architecture is not expected to disturb the development time scale, which will be paced primarily by funding, says LaBelle. Certification of the hybrid-electric propulsion will involve discussions with airworthiness authorities, he notes.

Bye expects certification of the hybrid-electric TriFan to derive some benefit from the standard for electric propulsion that is being developed by industry under the FAA’s new Part 23 airworthiness regulation for general-aviation aircraft.

While the prototype TriFan will fly using available battery and motor technology, XTI anticipates technology improvements that will increase energy and power densities for the production aircraft.

“There could be a two-times improvement from prototype to [production], but we are not banking on that,” says LaBelle. “We look at it as a fairly assured margin in the energy available in the future.” 





Former AgustaWestland Executive to Lead XTI Aircraft Company

about 2 months ago

XTI Aircraft Company (XTI) announced today that Robert J.LaBelle has joined XTI as its Chief Executive Officer.  He joins XTI after three years as CEO of AgustaWestland North America.  Prior to that he served as President of AgustaWestland Tiltrotor Company, Inc., the company supporting the development of the AW 609 Tiltrotor. 

“I view this position with XTI as a unique opportunity,” LaBelle said, “to help bring to the commercial market and business jet market a revolutionary new aircraft that people have been seeking and dreaming about for over 100 years.”  Read more.

International Investing is Now Easier Than Ever

7 months ago

We are excited to announce that StartEngine has made some recent updates which makes the investment process easier than ever for international residents! We want to make sure that everyone has the opportunity to invest, so StartEngine has made some changes to the investment process which accommodates even more international investors from all over the world:

  • Regions are now optional
  • Tax ID numbers allow for more digits
  • If your country does not have a Tax ID you can select "0000" to continue your investment
  • There are tips and hints along the way that should be helpful throughout the process

If you have any questions or need any assistance throughout the investment process, please feel free to reach out to contact@startengine.com.

XTI Aircraft Re-Opens Investments; Takes Steps Toward Flying Prototype

8 months ago

XTI has just announced the re-opening of it’s crowdfunding initiative after receiving SEC approval to sell 20 million shares of common stock to investors, effective immediately, at www.startengine.com/startup/xti

Read more on this exciting news here.


Helpful FAQ reminders for this Live Offering:

Do I have an account?

If you made a reservation for shares, then you do have a StartEngine account as one is required to make a reservation. If you no longer remember the password, you can recover it by going to www.startengine.com/forgot-password and entering the email address associated with your StartEngine account. If you did not make a reservation for shares, you will need to create a StartEngine account.


I forgot my password, what do I do?

You can recover your password by going to www.startengine.com/forgot-password and entering your email address. An email with a link allowing you to reset your password and login will be sent to the email address you entered. Click on the link and follow the instructions to reset your password. If you do not see the reset password email, please check your spam folder to make sure it did not get caught by the spam filter. If you still do not get the email, please contact customer experience at contact@StartEngine.com.

Please note if you try to recover your password but have not set up a StartEngine account, you will not receive an email.


Can I invest?

Yes, anyone can invest. In a departure from previous investment rules, the SEC now permits Regulation A (also called Reg A+) offerings to take on investors who are unaccredited as well as accredited investors. An accredited investor is an individual who has a net worth in excess of $1MM (excluding his or her primary residence) or has had annual income in excess of $200,000 ($300,000 if joint income) for the past two years and reasonably expects that to continue.

If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.


Do I have to invest a specific amount?

No, you may invest any amount as long as you meet the minimum investment amount of $350 AND, if you are a non-accredited investor, the amount you invest does not exceed the greater of 10% of your net worth or 10% of your annual income.


Do I need to provide any documents to invest?

No, you do not need to provide any separate documents in order to invest. Just provide the information required by the online forms on StartEngine.


How much is the minimum investment?

The minimum investment amount for XTI Aircraft Company is $350.


What is the price per share?

The price per share for the XTI Aircraft Company offering is $1 per share.


Where can I get the full financial details on the offering?

Please refer to the Offering Circular for information on the offering.


Can I invest by writing a check?

No, we are not accepting paper checks. Please use the Automated Clearing House (ACH) transfer or wire transfer options which are integrated with the StartEngine platform.


Is using StartEngine the only way to invest in XTI Aircraft Company’s Reg A+ offering?

Yes, you can only purchase Reg A+ shares in XTI Aircraft Company through the StartEngine platform.


Can I cancel my investment?

No. You cannot cancel your investment. But if you made a mistake, you will only have a 4-business hour window to contact live customer service via chat to correct your submission.

Live chat customer service hours are as follows:
Saturday - Sunday: closed

Monday - Friday 12pm-8pm EST (9am-5pm PST)


What documentation/confirmation will I receive for my investment?

Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by XTI Aircraft Company via email.


My investment manager requires that I submit XTI Articles of Incorporation and ByLaws to complete my investment. Where can I get this information?

The Articles of Incorporation and Bylaws can be found here.


Who is FundAmerica and why are they involved?

XTI Aircraft Company will use FundAmerica Securities, an SEC registered, FINRA member, and SIPC insured broker-dealer to oversee and administer the actual financial transactions to comply with state and federal regulatory requirements.


Help, I’m experiencing a problem or having trouble using the platform to invest!

For assistance with making your investment, please contact StartEngine customer support via email at contact@startengine.com or the live chat on our website by clicking on the green chat widget in the lower right corner.

StartEngine Live Offering FAQs

about 1 year ago

Is there a cost to investing?

No, there is no fee charged to the investor at any point during or after the transaction.  You pay only for the number of shares you desire to purchase.

 

Do I have an account?

If you made a reservation for shares, then you do have a StartEngine account as one is required to make a reservation.  If you no longer remember the password, you can recover it by going to www.startengine.com/forgot-password and entering the email address associated with your StartEngine account.  If you did not make a reservation for shares, you will need to create a StartEngine account.

 

I forgot my password, what do I do?

You can recover your password by going to www.startengine.com/forgot-password and entering your email address.  An email with a link allowing you to reset your password and login will be sent to the email address you entered.  Click on the link and follow the instructions to reset your password.  If you do not see the reset password email, please check your spam folder to make sure it did not get caught by the spam filter.  If you still do not get the email, please contact customer experience at contact@StartEngine.com

Please note if you try to recover your password but have not set up a StartEngine account, you will not receive an email.  

 

Can I invest?

Yes, anyone can invest.  In a departure from previous investment rules, the SEC now permits Regulation A (also called Reg A+) offerings to take on investors who are unaccredited as well as accredited investors.  An accredited investor is an individual who has a net worth in excess of $1MM (excluding his or her primary residence) or has had annual income in excess of $200,000 ($300,000 if joint income) for the past two years and reasonably expects that to continue.  

If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.

 

Do I have to invest a specific amount?

No, you may invest any amount as long as you meet the minimum investment amount of $350 AND, if you are a non-accredited investor, the amount you invest does not exceed the greater of 10% of your net worth or 10% of your annual income.  

 

Do I need to provide any documents to invest?

No, you do not need to provide any separate documents in order to invest. Just provide the information required by the online forms on StartEngine.

 

How much is the minimum investment?

The minimum investment amount for XTI Aircraft Company is $350.

 

What is the price per share?

The price per share for the XTI Aircraft Company offering is $1 per share.

 

Where can I get the full financial details on the offering?

Please refer to thOfferingCircular for information on the offering.  

 

Can I invest by writing a check?

No, we are not accepting paper checks.  Please use the Automated Clearing House (ACH) transfer or wire transfer options which are integrated with the StartEngine platform.

 

Is using StartEngine the only way to invest in XTI Aircraft Company’s Reg A+ offering?

Yes, you can only purchase Reg A+ shares in XTI Aircraft Company through the StartEngine platform.

 

Can I cancel my investment?

No. You cannot cancel your investment. But if you made a mistake, you will only have a 4-business hour window to contact live customer service via chat to correct your submission. 

 

Live chat customer service hours are as follows:
Saturday - Sunday: closed

Monday - Friday 12pm-8pm EST (9am-5pm PST) 

 

What documentation/confirmation will I receive for my investment?

Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by XTI Aircraft Company via email.

 

My investment manager requires that I submit XTI Articles of Incorporation and ByLaws to complete my investment. Where can I get this information?

The Articles of Incorporation and Bylaws can be found here.

 

Who is FundAmerica and why are they involved?

XTI Aircraft Company will use FundAmerica Securities, an SEC registered, FINRA member, and SIPC insured broker-dealer to oversee and administer the actual financial transactions to comply with state and federal regulatory requirements.

 

Help, I’m experiencing a problem or having trouble using the platform to invest!

For assistance with making your investment, please contact StartEngine customer support via email at contact@startengine.com, live chat on our website by clicking on the green chat widget in the lower right corner.

XTI AIRCRAFT COMPANY FLIES FORWARD WITH FILING FOR SEC QUALIFICATION

over 1 year ago

November 10, 2015

 

The TriFan 600 took an important step forward today as XTI Aircraft Company requested U.S. Securities and Exchange Commission (SEC) qualification to convert almost $14 million in expressed interest into real investments for thousands of individuals worldwide. Read more.

TRIFAN 600 ENGINEERING WORK ON COURSE AND ON SCHEDULE

over 1 year ago

 November 05, 2015

 

In April, we completed all of our conceptual engineering and issued a formal engineering report to management. Our work on Computational Fluid Dynamics (CFD), which involves wind tunnel testing via computer, continues forward. Preliminary engineering commenced in mid-2014 right after CFD and continues forward as well. Read more.

XTI AIRCRAFT COMPANY REACHES $10 MILLION IN EXPRESSED GLOBAL INTEREST THROUGH AVIATION’S FIRST EQUITY CROWDFUNDING CAMPAIGN

over 1 year ago

September 28, 2015

 

Equity crowdfunders from around the world have reserved shares for more than $10 million to support development of the TriFan 600. “The public response has been tremendous so far,” said XTI Vice Chairman Jeff Pino. “We will file with the SEC in the next few months and, once approved, will allow participants to turn expressions of interest into share purchases.” Read more

TRIFAN 600 TAKES OFF AS CROWDFUNDING SOARS TO $4 MILLION

over 1 year ago

September 8, 2015

 

In just two weeks, equity crowdfunders have reserved shares for more than $4 million. XTI is currently gauging potential shareholder interest under the terms of Regulation A, popularly referred to as Reg A+, of the JOBS Act, and will decide later this year whether to file an application for a financing to be qualified by the Securities and Exchange Commission (SEC).  If qualified, XTI will then open the door to official share purchases on the StartEngine website to begin as soon as year-end. The equity crowdfunding “Reservation of Shares” and actual investment in XTI (upon SEC approval) is also available to foreign investors outside the U.S., subject to applicable laws of their country. Read more

XTI LAUNCHES EQUITY CROWDFUNDING CAMPAIGN

over 1 year ago

August 25, 2015

 

XTI is launching the equity crowdfunding campaign under new rules approved by the U.S. Securities and Exchange Commission.  It is part of a larger capital financing plan that includes venture capital, private equity and high net worth investors. Read more.