Global partnerships, R&D and flight test contracts with the DoD, ultralight qualification confirmation, and the issuance of our patent for HEXA were among the momentous accomplishments in the past year, not to mention to LIFT appearing on 60 Minutes with Anderson Cooper in the pilot's seat!
We're excited to share a few additional highlights from 2022 before heading into the new year, which brings the promise of even more groundbreaking achievements... including our operational launch!
Manned Public Flight.
In a historic return to SXSW, our Chief Pilot, Jace McCown, gave the crowds a thrill, soaring over Lake Austin by the 360 bridge near our headquarters in Austin, TX. This was HEXA's first public manned flight demonstration - and it was spectacular!
In addition to our recently announced partnership in NYC, we have newly signed LOIs with multiple partners in the Middle East and Asia, paving the way for the launch of operations across the globe.
In a primetime demonstration of our pilot training and beginner flight envelope, Anderson Cooper flew HEXA. His reaction was priceless, remarking after his flight, "That is cool. I can't stop laughing... Wow. I just wanna take off with it." Anderson's reaction has us all so excited for our customers to fly!
Over $20M in funding including oversubscribed Reg CF stock offering.
We raised the maximum amount allowed by law of $5M during our Reg CF stock offering, which ended with many on the waitlist - bringing our total amount of funding to $18M. Miss out on the Reg CF? Not to worry. We have launched a new, larger Reg A+ stock offering of up to $10M to fund our upcoming launch in multiple markets. Check it out on StartEngine!
Launched Alpha Flights.
We made tremendous progress toward our customer flight launch! In partnership with the US Air Force, we completed flight testing of our Service Level A, beginner flight envelope. LIFT Employees (outside of the Flight Ops team) were our first Alpha Flight test pilots, and like proud parents, we all grabbed our phones to record the moment!
Major Accomplishments with the United States Air Force
We're proud of our partnership with the USAF and their confidence in our aircraft. This year, LIFT trained the first-ever USAF Airmen to operate eVTOL aircraft. Pictured here flying HEXA at Eglin Air Force Base, Major Victoria Snow (413th FLTS Helicopter Pilot) commented, "Getting the chance to fly the HEXA gave me a deeper understanding of the system's inner workings and an understanding of how stable and responsive the HEXA aircraft is and of its possible future capabilities."
(US Air Force photo / Samuel King Jr.)
2022 brought great momentum and many milestones to celebrate - more than we were able to share here. Be sure to follow our blog to keep up to date on the latest news from LIFT. Your support - as investors, media, customers, and followers - is invaluable and we're grateful.
We wish you and yours happy holidays, and a healthy and safe year ahead. We can’t wait to fly with you!