Detroit’s Airspace Experience Technologies (ASX), an aviation technology startup, is developing a fleet of electric vertical takeoff and landing tilt-wing aircraft with the goal of producing and operating a new transportation platform for urban commuters.
The company plans to offer a cleaner, faster, and more affordable transportation alternative in support of Uber Technologies Urban Air Mobility program, UberAir.
Headquartered at Detroit City Airport, the team’s aircraft is called MOBi-One. The company has launched a Regulation CF and Regulation D series seed funding campaign with its partner SeedInvest, an equity crowdfunding platform that offers its network of investors vetted investment opportunities.
Proceeds of the round will be used to acquire automotive electronic vehicle technology, build a series of full-scale prototypes, and initiate a Federal Aviation Administration certification.
“SeedInvest is disrupting the financial services industry just as ASX is disrupting mobility, and we were proud to be accepted through SeedInvest’s rigorous evaluation process,” says Jon Rimanelli, co-founder and CEO of ASX.
ASX hopes to deliver 2,500 aircraft by 2025, with cargo deliveries starting in 2023 and passenger service by 2024. According to INRIX’s 2018 Global Traffic Scorecard, traffic congestion cost Americans nearly $87 billion in 2018, or an average of $1,348 per driver.
Founded by Rimanelli, Anita Sengupta, and JP Yorro in 2017, the ASX team is made up of NASA technologists, aviation and automotive experts, and market and logistics experts. The team has built and tested five subscale concept vehicles. After optimizing controls and demonstrating vertical and plane-mode flight, ASX is ready to begin the full-scale production design and commercial certification process for MOBi-One.
“Our vision is to move you up to five times faster than driving for the same cost per mile – giving you more time to be productive,” said Rimanelli. “By leveraging our deep knowledge of automotive EV technology, mass production, aviation, and deep space reliability, we will make personal air travel more affordable for everyone.”
The MOBi-One will include zero-emission electric propulsion and broadband vehicle-to-vehicle connectivity. It is designed to transport one pilot and four passengers and deliver an estimated range of 100 miles and a cruising speed of 150 mph, giving it the ability to reduce a 60-minute commute to 15 minutes or less for the price of a ground vehicle for hire. With a hybrid propulsion system, MOBi-One is capable of up to 300 miles of range for regional travel and cargo using the nation’s general aviation airports.
“Studies estimate that by 2035, global air travel-based inspections, goods, and passenger services has the potential to be a $74 billion market,” said Sengupta, co-founder and chief product officer at ASX. “Passenger transportation will be more than 40 percent of that market opportunity.”
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