XTI Aircraft

The future is now. Lift Up. Jet Out.

XTI Aircraft

The future is now. Lift Up. Jet Out.

Website Website

Englewood, CO

Technology

Transportation

A powerhouse team, including the former CEO of AgustaWestland North America and the former president of Cessna Aircraft, have come together to change how we fly, connect, and reach new possibilities with XTI Aircraft and the first civilian long-range vertical takeoff airplane in aviation history. After years of innovative engineering as well as extensive market analysis, they have unveiled a revolutionary new aircraft. This Changes Everything!

$878,004

raised

784

Investors

$51.5M

Valuation

$1.50

Price per Share

$450.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

$878,004

raised

784

Investors

$51.5M

Valuation

$1.50

Price per Share

$450.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

offering closed

This offering ended on May 01, 2021 and is no longer accepting investments.

This Reg CF offering is made available through StartEngine Capital, LLC.

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

reasons to invest

World-class innovators in aviation: XTI Aircraft Company's team has developed and certified over 30 new aircraft
Join the green aviation revolution: XTI Aircraft expects its first product, the TriFan 600, to reduce carbon emissions by 40% compared to similar aircraft in the space, without impacting customer needs
Pre-sales are taking flight: XTI has received over 116 reservations of the TriFan 600 from operators and individuals across six continents, representing $750m in gross revenues upon delivery

OVERVIEW

Welcome to XTI Aircraft Company, a clean-tech aviation company. It is 2021 and the world is changing rapidly. Yet, air travel on commercial airlines has not evolved: it is time-consuming and inconvenient, with trips to and from the airport, parking, security lines, and now the risk of infection. Avid travelers are also becoming more concerned with their carbon footprint. For most, flying private or chartering jets is too expensive. Until now!

XTI is here to provide the long overdue solution to these challenges. Let’s start a new travel era with a cleaner footprint. The future has arrived!

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All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

OUR SOLUTION

True point-to-point travel, saving travelers hundreds of hours a year in total trip time

We’re developing the world’s first civilian long-range vertical takeoff airplane, the TriFan 600. No airport or runway required. Take off from a helipad or any other convenient spot, fly to your destination like a fixed-wing airplane – at two to three times the speed and three to four times the range of a helicopter -- and then land like a helicopter at the other end.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

The TriFan will combine the advantages of vertical takeoff and landing with the comfort, speed, and range of a fixed-wing airplane, thereby offering true point-to-point travel, saving travelers hundreds of hours a year in total trip time. In addition, the global pandemic has focused attention on safety for air travelers. The TriFan 600 will enable travelers to avoid crowded airports and packed airplanes.

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All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

THE MARKET

Business aviation and beyond

Our initial target market for the TriFan 600 is business aviation, city-to-city commuter customers and private individuals. But our aircraft can be used to gain access to destinations not served by airlines. With direct operating costs (“DOC”) reduced by 50% because of the TriFan 600’s clean tech design, operators can offer private aviation at affordable prices thus opening up the market to many more customers.

In addition, the TriFan can be used for emergency medical services (“EMS”) transporting a stretcher plus 2 attendants. The use of the TriFan for EMS has the potential of saving many lives because of the time it will save in emergencies when every minute is critical. Our aircraft will be able to transport patients, blood, and organs point-to-point, from hospital helipad-to-hospital helipad, eliminating the additional legs provided by ambulances and by airplanes that need an airport.

Sources:

$20B+ Global Business Aircraft Market
$930B+ global passenger rail, commercial air and car rental market

our traction

Over 116 reservations, representing $750m in potential gross revenues upon delivery

These are some of the milestones that XTI Aircraft Company has accomplished over the last few years:

Developed and tested (multiple hover flights) our 2/3rd scale prototype
Expanded our team and technical expertise
Secured over 116 reservations for the TriFan, representing over $750m in potential gross revenues upon delivery (total estimated costs of goods are uncertain at this moment due to product’s early development stage)
Received patents in U.S., Canada, China, Japan, with patents pending in other countries
We’ve partnered with VerdeGo Aero to design an autonomous cargo variant of the TriFan
Developing LOIs internationally for operations and potential assembly sites

The large number of reservations in our pre-sales program validates a substantial market demand for the TriFan. We have also received widespread support throughout the aviation industry and particularly large key players within the VTOL space.

With a $25,000 refundable deposit per aircraft, interested buyers can reserve an aircraft with a base price of $6.5 million, and retain that priority delivery position as the company works toward commercial production of the TriFan 600.

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All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

HOW IT WORKS

Vertical takeoff. No airport or runway required

The TriFan 600 is a six to nine-seat, vertical takeoff and landing airplane. It takes existing technology and components and applies them in a revolutionary configuration. This reduces risks associated with manufacturing the TriFan and obtaining FAA certification.

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All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

Using the three ducted fans, the TriFan 600 will take off vertically. The two wing fans then rotate forward for a seamless transition to cruising speed when, like every other fixed-wing airplane, the wings provide all the lift. At that point, the rear fan (embedded in the fuselage) is not needed and will be covered on the top and bottom to eliminate drag.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

The airplane will fly directly to its destination and reverse the process, landing vertically on a helipad or other 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 take off.

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All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

THE BUSINESS MODEL

We expect to manufacture and deliver the 116 TriFan 600s reserved under the pre-sales program within the first three years after FAA certification, each priced at $6 - $8 million.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

Under XTI’s pre-sales, buyers can make a $25,000 deposit per aircraft, reserve their place in line, and retain that priority position as the company reaches commercial production of the TriFan 600. The potential gross revenues represented by our current 116+ reservations will be over $750m upon delivery.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

HOW WE'RE DIFFERENT

Led by a world-class, highly experienced group of aviation industry professionals

XTI Aircraft Company is led by a world-class highly experienced group of aviation industry professionals. Mr. LaBelle (CEO) and Mr. Johnson (COO) have previously managed several major aircraft development programs and have obtained over 30 certifications for new aircraft.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

Our aircraft will play a prominent role in creating the future of aviation by recognizing individuals’ needs and desires for mobility, with speed and convenience. The TriFan 600 is in an excellent position to serve the expanded horizons of travelers, particularly when there is increasing market demand for safe and secure air travel. With rapid urbanization, traveling point-to-point at speed will become critical in the next few decades, and the TriFan 600 has a unique capability to fulfill this need in air transportation.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

THE VISION

Democratizing business aviation while reducing carbon emissions

XTI is revolutionizing aviation by developing environmentally friendly yet achievable technologies that will provide travelers with a unique opportunity to fly cleaner, smarter, less expensively and without compromising on the quality of service.

We expect that our first product, the TriFan 600, will reduce carbon emissions by 40% compared to comparable conventional aircraft while serving all customer needs profitably for the operator. We are also planning other variants of the TriFan, including a 12 to 15 seater to service regional mobility and the autonomous cargo aircraft shown above.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

In addition, XTI’s experienced team is examining possible future technologies including hydrogen propulsion systems. The basic TriFan design of two ducted fans in the wings and a third fan in the rear fuselage can adopt other means of fuel and propulsion if that will improve performance or expand mission capability. By mid-decade, we expect to be the world’s leading clean tech aviation company with a portfolio of products designed for the future.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

OUR LEADERSHIP

World-class innovators in aviation

No other emerging aircraft company has a management team with this level of depth and experience. Our team members have developed and certified over 30 new aircraft with an emphasis on safety and innovation. We have a wide network of industry resources to successfully bring the TriFan to market.

All members of XTI’s world-class leadership team are shareholders in the company and highly motivated and incentivized to eventually create a path to liquidity and a market for all shareholders, including those who invest through Regulation CF crowdfunding financing.

Mr. Brody invented the TriFan 600 vertical takeoff airplane and formed XTI Aircraft Company to develop the TriFan. He is Chairman of the Board. Mr. Brody also practices law in Denver, Colorado with Hogan Lovells US LLP. He has several patents issued in his name for inventions in aircraft technology and other fields, and has written three books, including a national Book-of-the-Month Club best seller on science and technology, The Science Class You Wish You Had, The Seven Greatest Scientific Discoveries in History and the People Who Made Them.

Robert J. LaBelle joined XTI as its Chief Executive Officer in 2017 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. LaBelle joined AgustaWestland in 2004 after a career in the U.S. Navy where he was program manager for several aircraft, including the E-2 Hawkeye, C-2 Greyhound aircraft, F/A-18 Foreign Military Sales, and S-3B Viking aircraft.

The former President and Chief Operating Officer of Cessna brings to XTI more than 35 years of experience in top-level aviation management and strategy, operations and production. He was also Cessna’s Vice President of Aircraft Completion and Product Support, Senior Vice President of Operations, and Executive Vice President of Operations, leading development, certifications, and product support of new airplanes. Prior to joining Cessna, Johnson served as Chief of Production Flight Test for Gates Learjet. He also was chief pilot for Arnold Palmer. Johnson began his aviation career after completing U.S. Air Force pilot training in 1968 and accumulated over 1,000 hours of military flight time in the F-105, serving in combat in Southeast Asia. He holds airline transport and instructor pilot certificates with type ratings in all Cessna Citation models.

Sarita Jha, CFA, has had a diverse career, encompassing a wide range of functional experience: private equity, corporate finance (M&A, joint ventures), and business development. Her sector experience includes aerospace and manufacturing. She started her career as an engineer at Northrop Grumman Corporation. At Delphi Automotive (sub of General Motors), she was a senior team member of the business development and corporate finance group. At UniCredit Bank, Ms. Jha was responsible for managing private equity investments (allocation of €2 billion) with a focus on growth capital transactions. Invested sectors included: automotive, manufacturing, and logistics. She earned her Bachelor of Science in Business Administration from the California State University, Long Beach, and earned her Master of Arts in International Relations and Economics from the Paul H. Nitze School of Advanced International Studies at the Johns Hopkins University. She is a CFA® charter holder.

WHY INVEST

Join the green aviation revolution

Those who invest in XTI Aircraft Company now will own a piece of the company. We invite you to learn more and join us on this journey.

All images are computer-generated, the first aircraft is still in under development and final product and result may differ.

FAQS

Frequently Asked Questions

Can I land the TriFan at any helipad that already exists?
Absolutely. If it’s safe and legal, and you have the right access to a particular helipad. The size of any one of thousands of existing helipads will accommodate the TriFan 600. In addition, the TriFan 600 can take off or land at any clear, helipad-sized paved surface.

Can I use the TriFan 600 at smaller general aviation airports unavailable to other aircraft?
Yes. Unlike other aircraft, the TriFan 600 doesn’t need an airport or a runway. The TriFan 600 is both VTOL (vertical takeoff and landing) capable and CTOL (conventional takeoff and landing) capable. If the pilot desires to take off or land on a runway, the TriFan uses far less runway length than competing aircraft.

How safe is this aircraft?
Extremely safe, with multiple layers of safety redundancy built in. It will be certified for IFR (Instrument Flight Rules) operations in inclement weather, including known icing. It will be equipped with advanced safety features such as sophisticated autopilot/computerized controls for takeoff and landing, collision avoidance technologies, state-of-the-art avionics, and a whole-aircraft ballistic parachute.

How is the TriFan 600 different from the competition and other VTOL aircraft projects?
The most significant differentiator between the TriFan and all other VTOL aircraft under development is our range and speed. We can go over 700 miles/1200 km helipad-to-helipad (Wall Street Heliport to downtown Chicago vertiport), and 1300 miles/2200 km if a short runway is available (New York to Dallas). Even the best all-electric VTOL aircraft being built for UAM (short-range Urban Air Mobility) or for regional flights can only go a maximum of 200 miles/300 km due to battery limitations. The most significant differentiator between the TriFan and other fixed-wing airplanes is the TriFan’s VTOL capability. That’s great versatility!

What do you think the final stock price will be?
The company is continuing to grow and evaluate various strategies to achieve liquidity for all shareholders. Because there are so many factors to consider, we do not have the ability to predict the future value of our shares.

Have you flown your prototype?
We have successfully hovered our 65% scale prototype numerous times. During the pandemic our testing program has been delayed. We are concurrently continuing development of the company’s first full-scale piloted prototype.

What progress have you made recently?
These are some of the milestones that XTI Aircraft Company has accomplished recently:

Developed and tested (multiple hover flights) our 65% scale prototype
Expanded our executive team and technical expertise
Secured over 116 reservations for the TriFan
Received patents in U.S., Canada, China, Japan, with patents pending in other countries
Entered into key supplier partnerships
We’ve partnered with VerdeGo Aero to design an autonomous cargo variant of the TriFan

https://www.sec.gov/Archives/edgar/data/1638850/000166516020001286/offeringmemoformc.pdf

https://www.sec.gov/Archives/edgar/data/1638850/000166516021000145/xslC_X01/primary_doc.xml

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.

Offering Summary

Company	:	XTI Aircraft Company
Corporate Address	:	2209 Green Oaks Lane, Englewood, CO 80121
Offering Minimum	:	$9,999.00
Offering Maximum	:	$1,069,999.50
Minimum Investment Amount (per investor)	:	$450.00

Terms

Offering Type	:	Equity
Security Name	:	Common Stock
Minimum Number of Shares Offered	:	6,666
Maximum Number of Shares Offered	:	713,333
Price per Share	:	$1.50
Pre-Money Valuation	:	$51,470,577.00

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below

Bonus shares based on timing

If you invest in the first 30 days you get 10% bonus shares

If you invest in the second 30 days you get 5% bonus shares

Bonus shares based on amount invested

If you invest over $2,500 you get 5% bonus shares

If you invest over $5,000 you get 10% bonus shares

If you invest over $10,000 you get 15% bonus shares

The 10% Bonus for StartEngine Shareholders

XTI Aircraft Company 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 $1.50 / share, you will receive 110 Common Stock shares, meaning you'll own 110 shares for $150. 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 investors 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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

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. Any expense labeled “Travel and Entertainment”.

Show More

Most recent fiscal year-end:

Prior fiscal year-end:

Total Assets

$287,816.00 USD

$848,970.00 USD

Cash And Cash Equivalents

$4,726.00 USD

$556,847.00 USD

Accounts Receivable

$0.00 USD

Short Term Debt

$2,834,562.00 USD

$2,437,764.00 USD

Long Term Debt

$1,078,012.00 USD

$916,485.00 USD

Revenues And Sales

$0.00 USD

Costs Of Goods Sold

$0.00 USD

Taxes Paid

$0.00 USD

Net Income

-$3,912,998.00 USD

-$3,798,753.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. 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. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Updates

Press Release: XTI Aircraft announces new sustainable travel collaboration with Matthew Kenney Cuisine

11 months ago

A limited series version of XTI's TriFan 600 aircraft will feature 100% plant-based materials throughout the custom luxury interior, designed by Matthew Kenney

XTI Aircraft Company, developing the world’s first civilian hybrid-electric fixed-wing vertical takeoff and landing (VTOL) airplane and Matthew Kenney Cuisine (MKC), a leading plant-based lifestyle brand have announced a collaboration to create a custom TriFan 600 model that offers a sustainable travel experience.

"We’re thrilled to work with Matthew and his team as they represent the gold standard in developing sustainable living concepts”
XTI Aircraft CEO Robert LaBelle

This limited series version of the TriFan will feature 100% plant-based materials throughout the custom luxury interior, designed by MKC alongside a sustainable line of luggage. Customers flying the MKC series TriFan 600 will also retain global passes to MKC restaurants, so that they can enjoy elevated plant-based cuisine throughout their travels to more than 20 cities in which the MKC brand is located.

pfw venice Plant, Food, Wine Restaurant Venice, CA

trifan 600 hangar TriFan 600 VTOL Aircraft

XTI’s CEO Robert LaBelle said, “We’re thrilled to work with Matthew and his team as they represent the gold standard in developing sustainable living concepts, having first started in cuisine and now moving into sustainable materials such as aircraft interiors. XTI is committed to partnering with innovative, industry leaders such as MKC to deliver a truly sustainable travel solution to our customers."

XTI is developing the TriFan 600, a hybrid-electric, long-range VTOL aircraft which the company estimates will reduce CO2 emissions by 40%, compared to similar aircraft. Enabling true point-to-point travel, the TriFan 600 will have a significant impact on the travel footprint without the need for additional infrastructure (using existing VTOL infrastructure, such as helipads and many other surfaces) or a new airspace regulatory framework.

About XTI: XTI Aircraft Company is a privately owned aviation business based near Denver led by a team with a successful track record of bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers, including the reduction of carbon while delivering an equal mission to existing aircraft. For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com.

About MKC: Matthew Kenney is a chef at the forefront of plant-based cuisine, an author of 11 cookbooks and a best-selling memoir, a culinary educator and CEO of Matthew Kenney Cuisine – a multifaceted company specializing in plant-based living throughout several unique markets. The brand provides innovative, high-quality products, services and experiences within culinary art and wellness markets. MKC currently operates over 40 restaurants either open or in development with many more to come. www.matthewkenneycuisine.com

XTI Press Contact:
Saleem Zaheer XTI Aircraft Co.
+1 720-900-6928
Email us here
Visit us on social media: twitter.com/xtiaircraft

This press release can be viewed online at: www.einpresswire.com/article/554912720 EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information. © 1995-2021 IPD Group, Inc. All Right Reserved.

New Blog Post: What Ticket Prices can we expect with eVTOL Air Taxis?

about 1 year ago

helipad city ready for take off with people

Let’s start by getting the acronyms out of the way! Great progress continues to be made in ushering in a new paradigm in aviation – the launch of Vertical Takeoff & Landing (VTOL) aircraft powered by all-electric, hybrid-electric or hydrogen propulsion (eVTOL). Some e-Conventional Takeoff & Landing (eCTOL) aircraft are also under development. All are grouped under the title Advanced Air Mobility (AAM) with Urban Air Mobility (UAM) covering short intra-city flights (generally less than 60 miles/100 km), with Regional Air Mobility (RAM) covering longer, inter-city flights.

Our focus in this post is on expected ticket prices in the passenger air taxi segment of AAM, which promises direct access to city centers and other population centers using vertiports/heliports, significant reductions (down to zero) in harmful emissions, lower noise, and significant time savings by avoiding surface traffic congestion which is projected to worsen with increasing urbanization in the future.

Cost per Available Seat Mile/Kilometer (CASM/CASK) is a common metric used by operators and airlines to accurately pinpoint their different cost heads. These include Ownership, Fixed and Variable operating costs, and additional airline/operator Indirect operating costs such as marketing and sales, management, ticketing, etc. Including the projected Load Factor (% of seats occupied) and adding a profit margin results in the ticket price.

Publicly available data shared by eVTOL OEMs in investor presentations from 2021 list their CASMs as $0.86 (Joby), $1.06 (Vertical Aerospace), and $3.30 (Archer). What specific costs are/are not included is difficult to discern, especially operator indirect operating costs, which could add up to an additional 20%. These three are 4-passenger eVTOL aircraft. An independent analysis of AAM demand for eVTOL air taxis by Goyal, Reiche, Fernando and Cohen (Sustainability, June 2021)¹ shows a median CASM of $4.75 for a 4-pax eVTOL. Another study by MIT and Eve UAM, June 2021² forecasts a near-term average CASM of $5.99, reducing to $2.17 in the long term. UberX taxi fares in large cities in the US are variable based on demand, from ~$1.50 to ~$3.50/mile, and the MIT study cited above assumes $3/mile in Los Angeles. XTI Aircraft projects a CASM for our 8-pax configuration of the TriFan 600 of $0.80 fully burdened (CASM ranges between $0.66 and $0.80 to account for varying operator/airline costs and includes indirect operating costs). If we average the CASM of the three OEMs and two analyses mentioned above, we get a CASM of $3.19 for the eVTOL aircraft. Here are some illustrative one-way fares in the US assuming a 30% gross profit margin and 75% load factor.

What Ticket Prices can we expect with eVTOL Air Taxis table

Given the time savings and convenience promised by eVTOLs, several studies have forecast that a small segment of the population will switch to using them, a percentage expected to increase as eVTOL operations scale up and prices drop further. Having more passenger seats and traveling at higher speeds has a direct and significant impact on CASM, and hence ticket prices. This is clearly reflected in the numbers for XTI’s TriFan 600, which travels at twice the speed and with twice the number of passengers. As sector distance increases, the fare difference compared to eVTOLs widens significantly. It is these lower CASMs and resulting affordable fares which will be crucial to making Advanced Air Mobility available to a wider population resulting in mass market penetration.

Advanced Air Mobility: Demand Analysis and Market Potential of the Airport Shuttle and Air Taxi Markets https://www.mdpi.com/2071-1050/13/13/7421
Demand Potential for Urban Air Mobility: https://eveairmobility.com/eve-is-collaborating-with-mit-to-make-data-driven-decisions-to-build-the-urban-air-mobility-market/
Straight line distance plus 20%

Disclaimer: The XTI TriFan 600 is currently under development. All performance and cost data are estimates based on current testing and analysis and subject to change and FAA certification.

XTI Aircraft and Xeriant Aerospace in JV to develop the TriFan 600

over 1 year ago

XTI Aircraft and Xeriant Aerospace in JV to develop the TriFan 600

https://bit.ly/3q5hsVx

#xtiaircraft #xeriant #aam #uam #airtaxis #mobility #transportation’

Closing note

over 1 year ago

We are happy to announce that XTI Aircraft Company has completed a successful raise on the StartEngine platform. We want to thank everyone who invested. Please be patient because it can take up to two weeks to clear all of the investments. You will receive an email directly from StartEngine containing a copy of the fully executed Subscription Agreement. This is proof of your purchase of shares in XTI Aircraft Company.

Please note that your shares are subject to various federal and state regulations, including rules that apply to shares that are not traded on a public stock exchange, as well as the terms of your Subscription Agreement.

If you have any questions or have not received the email after four weeks, send an email to contact@startengine.com.

Finally, please make sure you’re following us on Instagram, Twitter, Facebook and LinkedIn to receive regular updates from the team.

We really appreciate your being a part of the future of flight.

Thousands of investors – Reg A+ and CF combined -- and rising

over 1 year ago

Here are some more reasons to invest in the future of flight today:

Led by the former CEO of AgustaWestland North America and the former President of Cessna Aircraft.
Over 200 TriFan 600 reservations and firm orders already secured from operators and individuals across six continents.
Over $1 billion in gross revenues upon delivery of those aircraft.
A clean tech innovation with 50% noise reduction and 40% CO2 emissions reduction
50% decrease in direct operating costs — making private travel affordable for individuals and businesses.

What was once unimaginable is now possible. If that excites you, why not explore investing in the future of flight today. And don't forget to tell a friend - the offering closes at 11:59pm (MST) on Friday 30th April 2021.

XTI Aircraft Company and Estonian Agencies sign MoU to recognize Estonia as a Regional Mobility Hub

over 1 year ago

XTI Aircraft Company (XTI) has signed a Memorandum of Understanding (MoU) with Enterprise Estonia, Estonian Aviation Cluster (EAC), and the Estonian Aviation Academy (EAVA) to recognize Estonia as a Regional Mobility hub for the TriFan 600, the world’s first civilian hybrid-electric long-range vertical takeoff and landing (VTOL) airplane.

Talinn photo 1 TriFan 600 VTOL Aircraft over Tallinn

The organizations intend to collaborate with XTI to establish a corporate presence in Tallinn, Estonia to directly serve the region.

“We are excited to partner with Enterprise Estonia, the EAC, and the EAVA to serve the needs of the regional air mobility market,” said Robert LaBelle, Chief Executive Officer, XTI Aircraft Company. He added: “Given Estonia’s track record of being at the forefront of technology innovation, we intend to foster this relationship to deliver maximum results for both parties to include long range mobility utilizing clean aviation technology, while expanding the country’s aerospace centers of excellence.”

Talinn photo 2 TriFan 600 VTOL Range

Estonia’s unique location in Europe means it could revolutionize regional connectivity by connecting hundreds of active airports and 100 million people inside a circle of 1000 km by using advanced air mobility solutions such as the TriFan 600. Additionally, Estonia intends to become one of Europe’s climate neutral aviation spots with all regional domestic flights becoming net carbon emission-free by 2030.

Sigrid Harjo, Member of Enterprise Estonia’s Management Board said: "The Estonian Investment Agency is very pleased to support advanced technology companies like XTI Aircraft. Estonia embraces innovative solutions and wants to be at the forefront of implementing them, so it’s the perfect place for XTI Aircraft to use as a testbed for its innovative planes and as a regional hub in the future.”

Mr Kristo Reinsalu, General Manager of the EAC, added: "It’s a true honor that aviation pioneer XTI Aircraft has turned its eyes to Estonia with regards to establishing its presence in Europe. We are very excited to see how XTI and VTOL technology can bring Estonian connectivity to a whole new level. Tallinn has enormous potential to become a regional air mobility hub by 2026.”

Notice of Funds Disbursement

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, XTI 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 XTI 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

Notice of Material Change in Offering

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the XTI Aircraft offering. Here's an excerpt describing the specifics of the change:

XTI Aircraft is extending their campaign by 17 days.

When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Funds Disbursement

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello!

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

Notice of Material Change in Offering

over 1 year ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the XTI Aircraft offering. Here's an excerpt describing the specifics of the change:

XTI Aircraft is extending their campaign by 60 days.

XTI Aircraft partners up with VerdeGo Aero for unmanned, autonomous VTOL

over 1 year ago

XTI Aircraft has teamed up with VerdeGo Aero to build the TriFan 200, an unmanned, autonomous vertical take-off and landing (VTOL) aircraft.

The TriFan 200, a small brother of the in-development passenger TriFan 600 aircraft, will be capable of transporting 227kg (500lb) of cargo on missions of more than 200nm (108km).

“The TriFan 200 aircraft will open up a significant new market for XTI to address the needs of cargo and logistics operators globally,” says XTI’s chief executive Robert LaBelle.

Eric Bartsch, CEO and Co-founder of VerdeGo Aero states that "XTI’s TriFan 200 is an outstanding application for VerdeGo’s hybrid powertrain systems... [and] XTI’s goals to provide its customers with reliable, high-performance cargo aircraft are ideally matched with the efficiency and low operating cost of VerdeGo’s diesel hybrid powertrains,”.

The aircraft will cater to cargo and logistics needs that connect global air cargo hubs — mostly at airports outside of major cities — with distribution points closer to the centre of those cities.

Often this part of the journey is most arduous and time-consuming, taking up to 120 minutes for packages to move about 20 miles.

But XTI sees other uses for the aircraft as well.

“In addition to express shipping, the TriFan 200 is also applicable to longer-range transportation in remote locations without infrastructure, including military logistics missions,” the companies state.

The TriFan 200 will be powered by VerdeGo’s high-efficiency, low-emissions hybrid-electric propulsion system which, the company claims, offers “the lowest operating cost and largest mission flexibility for next-generation electric aircraft”.

VerdeGo was founded in 2017 as an urban air mobility firm but pivoted to its deep expertise in hybrid-electric powertrains. The company’s modular twin generator systems can be stacked for 360KW continuous and 1MW peak output.

Last year, XTI selected GE Aviation’s Catalyst engine as the core of the hybrid-electric propulsion system for the larger passenger TriFan 600 VTOL aircraft.

Expert in Private Equity and Growth Capital Transactions Joins XTI Aircraft Company as Chief Financial Officer

almost 2 years ago

Sarita Jha has joined XTI as its Chief Financial Officer. She brings decades of experience in private equity, corporate finance, and business development.

We’re positioning the company to expand operations as we approach 2021, and Sarita will make a significant contribution”

— XTI CEO Robert LaBelle

sartia jha XTI CFO Sarita Jha

DENVER, COLORADO, US, September 21, 2020 /EINPresswire.com/ -- XTI Aircraft Company (XTI) announced that veteran financial advisor and business strategist Sarita Jha has joined XTI as its Chief Financial Officer, effective September 1, 2020. She joins XTI full-time after decades of experience in private equity, corporate finance (M&A and joint ventures), and business development.

“We couldn’t be more pleased to have Sarita join the executive team,” said Robert LaBelle, XTI’s Chief Executive Officer. “We’re positioning the company to expand operations as we approach 2021, and she will make a significant contribution to XTI’s financing activities, as well as the company’s structure and strategy, as we bring the TriFan 600 vertical takeoff airplane to the market.”

“I joined XTI”, said Ms. Jha, “because of the company’s extremely capable and experienced leadership team, because this aircraft is truly revolutionary, and because I think I can fill a need in the area of financing and strategic development that will help us reach our goals. I’m very excited to be here.”

“Sarita started out in her career as a Northrop Grumman engineer”, LaBelle added, So she understands aircraft and aerospace as well as manufacturing. Later she became a senior member of the business development team in a General Motors subsidiary. Then at UniCredit in London for ten years, Sarita was a senior member the team responsible for private equity investments totaling €1 billion (enterprise value). She also served on the board of Martur Automotive Seating Systems”, said LaBelle. “Sarita is an ideal fit for XTI. We’re looking to grow rapidly following the recent increase in our order book to 117 orders for the TriFan 600. That represents over $761 million in gross revenues upon delivery of those aircraft.”

Ms. Jha replaces Andrew Woglom as CFO, who will remain with XTI in a consulting capacity.

The TriFan is a major breakthrough in aviation and air travel. The company conducted successful hover tests and announced a collaboration with GE Aviation last year. The six-seat TriFan 600 will have the speed, range and comfort of a luxury business aircraft and the ability to take off and land vertically, like a helicopter. It will travel at 345 miles an hour, with a range of up to 1,400 miles. Using three ducted fans, the TriFan lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 30,000 feet in just ten minutes and cruise to the destination as a highly efficient business aircraft.

TriFan 600 Prototype

“The market continues to recognize the value proposition of our unique and revolutionary airplane and its patented technology,” said LaBelle. “Vertical takeoff combined with long-range, the speed and comfort of a business aircraft, and our quieter and cleaner state-of-the-art hybrid-electric propulsion system.”

ABOUT XTI AIRCRAFT COMPANY
XTI Aircraft Company is a privately owned aviation business based near Denver, founded in 2013. XTI is guided by a leadership team with decades of experience, a deep well of expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.

For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com. To invest, go to https://www.startengine.com/xti-aircraft. For information on reserving a priority position for the TriFan under the Company’s pre-sales program, please see our website www.xtiaircraft.com

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/1638850/000114420419045751/tv529998_1sa.htm.

YOU SHOULD READ THE OFFERING STATEMENT BEFORE MAKING ANY INVESTMENT.

Robert LaBelle
Chief Executive Officer

XTI Aircraft Co.
Visit us on social media:
Twitter
LinkedIn

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XTI Aircraft

The future is now. Lift Up. Jet Out.

XTI Aircraft

The future is now. Lift Up. Jet Out.

$878,004

784

Investors

$51.5M

Valuation

$1.50

Price per Share

$450.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

$878,004

784

Investors

$51.5M

Valuation

$1.50

Price per Share

$450.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

True point-to-point travel, saving travelers hundreds of hours a year in total trip time

Business aviation and beyond

Over 116 reservations, representing $750m in potential gross revenues upon delivery

Vertical takeoff. No airport or runway required

Led by a world-class, highly experienced group of aviation industry professionals

Democratizing business aviation while reducing carbon emissions

World-class innovators in aviation

Join the green aviation revolution

Frequently Asked Questions

In the Press

XTI In the Press

Offering Summary

Company

XTI Aircraft Company

Corporate Address

2209 Green Oaks Lane, Englewood, CO 80121

Offering Minimum

$9,999.00

Offering Maximum

$1,069,999.50

Minimum Investment Amount

(per investor)

$450.00

Terms

Offering Type

Equity

Security Name

Common Stock

Minimum Number of Shares Offered

6,666

Maximum Number of Shares Offered

713,333

Price per Share

$1.50

Pre-Money Valuation

$51,470,577.00

Irregular Use of Proceeds

Offering Details

Form C Filings

Show More

Most recent fiscal year-end:

Prior fiscal year-end: