Airspace Experience Technologies (ASX)

The Future of Air Travel?

Company Information

Website:

https://www.iflyasx.com

Sector:

Other Transportation

Location:

Detroit, MI

Airspace Experience Technologies (ASX) is building the world’s first advanced air-utility vehicle.

This aircraft, known as Sigma-Six, is an electric vertical takeoff and landing (eVTOL) system. It can reach top speeds of 250 miles per hour and can be flown autonomously. It also has a proprietary swappable payload, meaning it can carry cargo, passengers, and emergency response/defense-related equipment.

ASX has a Letter of Intent from the Department of Navy Future Air Mobility Command — its initial feedback was the Sigma-Six “is the most innovative air mobility platform that we have seen” — and a Memorandum of Understanding to lease twenty-five aircraft for logistical industry clients.

Engineering and testing of Sigma-Six is underway and will continue through 2024. ASX aims to begin certification with the Federal Aviation Administration (FAA) next year and begin manufacturing in two years.

Team Background

Tim Paolini - Chief Commercial Officer
Gregg Peterson - Chief Engineer

Co-Investors

Raising
$618K
Committed
$206.144K (33%)
Current Valuation
$80 million Cap / 0% Discount
Min. Investment
$250
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
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