SAN FRANCISCO, April 21, 2021 / PRNewswire / – MightyFly, an autonomous air freight carrier, announced today he closed $ 5.1 million in seed funding. The cycle includes investments from 500 startups, At One Ventures, Global Founders Capital, Graph Ventures and Halogen Ventures. The funding will be used to expand recruiting, increase MightyFly’s fleet and build the infrastructure necessary to support a global network of hubs.

“MightyFly combines economies of scale and autonomy to completely disrupt logistics, making fast, cost-effective and carbon-neutral freight accessible to all businesses and fields,” said MightyFly co-founder and CEO Manal Habib. MightyFly is the only female-led drone company to design and manufacture its own drones to operate a logistics service. “For me, aerospace is more than a job, it’s a passion – and a way to transform lives for the better.”

The MightyFly MF-100 is a hybrid electric vertical take-off and landing (eVTOL) aircraft with a cargo capacity of 100 lbs, a cruising speed of 150 mph and a range of 600 miles. It’s about the size of a midsize car. A bigger plane with a load capacity of 500 lbs. is planned. MightyFly aircraft are capable of making multiple deliveries in the same flight, increasing the use and efficiency of the route.

“MightyFly’s reach and payload are unprecedented in today’s expedited delivery space. Most of the existing delivery platforms carry much lighter payloads over much shorter distances. As many traditional carriers slowly move towards carbon neutral and self-sufficient delivery, MightyFly is ready to take off. the ability to change the way business is conducted, ”said John formisano, retired FedEx executive, former vice president of Global Vehicles and advisor to MightyFly.

Safety is the top priority at MightyFly. The planes are built to the same standards as all commercial aircraft in the sky and designed for dual redundancy across all systems, with even better fault tolerance than manned systems. The MightyFly aircraft will broadcast Automatic Dependent Surveillance (ADS-B) indoors and outdoors and will communicate with Unmanned Aircraft System (UTM) traffic management, as well as with the own tower by MightyFly. Each MightyFly flight is supervised 24/7 by a remote human operator.

The MightyFly MF-100 has received a Special Certificate of Airworthiness from the FAA, and test flights are being conducted in California. The company aims to achieve FAA Part 135 certification and airworthiness certifications in other markets, such as Australia and Asia.

The company is currently expanding its recruitments to further develop its fleet and is seeking commercial partnerships for proof of concept delivery service operations.

About MightyFly

MightyFly is reshaping the future of logistics via large autonomous cargo planes. We build patent-pending autonomous eVTOL aircraft with a cargo capacity of up to 500 pounds, a range of 600 miles and a speed of 150 mph to provide fast and efficient package transportation for businesses and governments. . mightyflying.com

Media contact

Jenn Virskus
(517) 203-8341
[email protected]

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MightyFly eVTOL MF-100
Founders of MightyFly Scott Parker (left) and Manal Habib (right) with their MF-100 hybrid electric delivery aircraft

SOURCE MightyFly