LIFT

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GET A PIECE OF LIFT

We develop drones capable of human flight

We believe in a future where everyone can fly, and that future is starting right now. We're making the joy and utility of personal, vertical flight accessible to everyone.

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.

$1,282,285.26 Raised

REASONS TO INVEST

Our electric, vertical takeoff and landing (eVTOL) aircraft, HEXA, has completed beginner flight envelope testing, has been qualified as compliant with FAA Part 103, and is approved to fly without a pilot’s license. We’ve already produced a fleet of 16 HEXAs and are ready to launch the world’s first eVTOL services with plans to enter up to 28 markets by 2026.

Including our oversubscribed $5M RegCF on StartEngine last year, we’ve already raised over $18M in funding in an urban air mobility market estimated to reach $1 trillion by 2040*. More than 15,000 people have already signed up to fly HEXA in our sold-out, nationwide tour, and partners have signed non-binding pre-order LOIs for over 300 aircraft - representing over $150M in potential sales.**

LIFT has received extraordinary media coverage, including TechCrunch, The Washington Post, CNBC, The Today Show, and a 60 Minutes feature with Anderson Cooper piloting HEXA.

TEAM

Matthew Chasen • Founder, CEO, Board Chariman

Matt is a serial entrepreneur, investor, and adventure sports enthusiast. While getting his MBA at The University of Texas in 2003, Matt founded uShip – the first and largest online marketplace for shipping with over $200M in annual gross sales. Matt served as uShip’s CEO until 2016 and received a Best CEO award from the Austin Business Journal (2012). He has earned Austin Under 40 and Texas “Rising Star” honors (2011) and was an E&Y Entrepreneur of the Year finalist (2010). Prior to business school, Matt was an engineer at Boeing in Seattle, where he worked on the F-22 Fighter, Airborne Laser, and other advanced aerospace projects. Prior to Boeing, Matt earned a Bachelor’s degree in mechanical engineering from the University of Texas at Austin and was a NASA scholarship recipient.

Kenneth Miller • Chief Financial Officer

Kenny serves as LIFT Aircraft's Chief Financial Officer on a part-time basis. Prior to joining LIFT, Kenny led technology, telecom, and media investing for Nokomis Capital from 2009-2021. He previously held financial management and investing positions with Bonanza Capital, Applied Materials, JatoTech Ventures, and Goldman, Sachs & Co. He received his BBA in Finance from the University of Texas at Austin and his MBA from the University of California at Berkeley.

Kevin Rustagi • Director of Business Development

Kevin Rustagi is the Director of Business Development at LIFT Aircraft. He coordinates partnerships for R&D, Agility Prime, and first response use. As a private pilot (Cessna, Cirrus), he is a strong advocate for unlocking the skies. His prior experience includes co-founding high-tech apparel company Ministry of Supply, working on the iPhone’s speaker grille at Apple, and studying engineering and business at MIT and Stanford.

*source

** Letters of intent do not create an obligation on the part of the customer to purchase an aircraft. Some or all customers might not transition to non-refundable purchase contracts until prior to aircraft delivery, if at all. Aircraft customers might respond to weak economic conditions by canceling orders, resulting in lower demand for our aircraft and other materials, such as parts, or services, such as training, which the company expects to generate revenue. Such events would have a material adverse effect on LIFT’s financial results.

Flights in LIFT’s HEXA aircraft are in Beta testing and are not yet available to the general public.

THE PITCH

A Future Where Everyone Can Fly

For decades, science fiction has promised us “flying cars.” Recent technological advancements have made it possible to design a safe, simple, and inexpensive multi-rotor drone capable of human flight.

Flights in LIFT’s HEXA aircraft are in Beta testing and are not yet available to the general public.

LIFT Aircraft leverages distributed electric propulsion (DEP) technology, autonomous “fly-by-wire” flight control systems, and our patented design for HEXA, a personal drone anyone can fly for 1/10th the cost of a helicopter, with zero operating emissions.

Jeff Bezos onboard HEXA, alongside LIFT CEO, Matt Chasen. Jeff Bezos has no affiliation with LIFT Aircraft.

Flights in LIFT’s HEXA aircraft are in Beta testing and are not yet available to the general public.

THE PROBLEM & OUR SOLUTION

Ground transportation is broken

The average American spends 54 hours stuck in traffic each year. Of these trips, 85% are fewer than 15 miles and 90% are single-occupant. (Source)

Helicopters are an alternative, but are extremely loud and expensive to operate, making vertical flight inaccessible to all but the wealthy. We believe these trips are, instead, best served by point-to-point flights in personal scale, hover-optimized eVTOL aircraft capable of taking off and landing virtually anywhere.

LIFT's first aircraft, HEXA, is an electric, vertical takeoff and landing (eVTOL) aircraft; a single-seat, hover-optimized, semi-autonomous personal aerial vehicle. HEXA makes flying so simple and inexpensive that almost anyone can experience the joy, freedom, and utility of personal, vertical flight. Designed to be the safest possible aircraft for short-range flights, HEXA was purpose-built for aerial micro-mobility.

Some eVTOL developers have winged aircraft capable of longer-range flights. Instead, we chose a hover-optimized design for enhanced levels of maneuverability, wind resilience, and redundancy. We determined the incremental time savings achieved with wings are not worth the safety tradeoffs.

HEXA safety features.

With 18 electric motors, a triple-redundant flight computer and a whole-aircraft ballistic parachute, HEXA was designed for safety and is capable of speeds up to 62 mph, HEXA can fly up to 15 miles in 15 minutes.

HEXA's parachute is effective as low as 40 feet above ground level.

LIFT Aircraft has a fundamentally unique strategy in the emerging eVTOL industry, using the FAA's Part 103 "Ultralight" rules to develop an aircraft that can be rented to and piloted by anyone, with no pilot's license or FAA certification required.

LIFT is developing pay-per-flight "vertiport" locations where anyone can fly HEXA within geofenced, controlled flight areas. With highly automated flight controls, pilots are able to be trained in our VR simulator in under 30 minutes. Ground and flight control support is provided by our trained staff.

Concept of future landing site for LIFT HEXA on a parking garage rooftop. (digital rendering).

HEXA is modular by design. The cabin and landing gear can be swapped with any payload, enabling a variety of manned and unmanned applications, including heavy lift cargo and emergency response.

Prospective public agency use of various HEXA modular configurations (digital renderings).

Tested with the U.S. Air Force, HEXA's cargo attachment has a payload capability of 350+ pounds.

HEXA cargo attachment shown above is a prototype and is not yet available to the general market.

THE MARKET & OUR TRACTION

A projected $1 trillion market

The emerging Urban Air Mobility (UAM) market is predicted to be worth $104 billion in 2023 and $1 trillion by 2040. (Source)

LIFT will first target markets that don’t require type certification, including experiential entertainment, projected to reach $12 billion by 2023. (Source, Source, Source)

Flights in LIFT’s HEXA aircraft are in Beta testing and are not yet available to the general public.

WHY INVEST

The Future of Flight

Minimal regulatory barriers

HEXA is approved to fly in the U.S. under FAA Part 103, which allows us to launch pay-per-flight operations, no costly FAA-type certification or pilot's license required.

First to market

With flight testing complete, we believe we're ready for our commercial launch later this year. We expect to be the first to offer eVTOL customer flights at scale, and the first to develop a network of eVTOL vertiports for aerial mobility.

In production and ramping up

With 16 aircraft produced in the US under our partnership with Qarbon Aerospace, (a Tier-1 aerospace supplier that manufactures components for the V-22, F-35, and Boeing 767), LIFT has the capacity to double HEXA production annually.

Profitable unit economics

At our locations, we plan to offer introductory flights at a $249 price point per 8-15 minute flights and also offer memberships for pilots who want to fly more frequently, bringing the price down to as low as $49 per flight. Each aircraft in our fleet is expected to generate up to $1.3M per year in revenue.

LIFT has already signed non-binding LOI’s with partners to develop LIFT vertiports in two of the top 10 tourist destination cities in the world, which we plan to launch with proceeds from current financings.

We believe that LIFT Aircraft has the right strategy, technology, and team to lead in the emerging urban air mobility market. Now you can invest in the company that’s making the joy and utility of personal, vertical flight accessible to everyone - exclusively through StartEngine.

ABOUT

HEADQUARTERS

3402 Mount Bonnell Road
Austin, TX 78731

WEBSITE

View Site

We believe in a future where everyone can fly, and that future is starting right now. We're making the joy and utility of personal, vertical flight accessible to everyone.

TERMS

Overview

PRICE PER SHARE

$1.87

DEADLINE

Sep. 6, 2023 at 6:59 AM UTC

VALUATION

$188.67M

FUNDING GOAL

$15K - $3.39M

Breakdown

MIN INVESTMENT

$499.29

MAX INVESTMENT

$3,385,118.88

MIN NUMBER OF SHARES OFFERED

8,021

MAX NUMBER OF SHARES OFFERED

1,810,224

OFFERING TYPE

Equity

SHARES OFFERED

Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$8,964,614

$8,219,539

Cash & Cash Equivalents

$464,760

$1,093,543

Accounts Receivable

$257,237

$447,198

Short-Term Debt

$1,797,904

$8,425,736

Long-Term Debt

$1,790,455

$2,562,815

Revenue & Sales

$2,721,452

$2,721,375

Costs of Goods Sold

$229,597

Taxes Paid

Net Income

-$3,765,043

-$1,552,082

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.

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Loyalty Bonus for Previous Investors

30% bonus shares for previous StartEngine investors

Time-based Perks

First 24 hours | 50% bonus shares

First 72 hours | 40% bonus shares

First 7 days | 30% bonus shares

First 14 days | 20% bonus shares

First 28 days | 10% bonus shares

First 56 days | 5% bonus shares

Amount-Based Perks:

Reward flights are transferable as gifts.

$500+ | Tier 1

Invest $500+ and receive 5% bonus shares plus a LIFT Aircraft investor gift.

$1,000+ | Tier 2

Invest $1,000+ and receive 10% bonus shares, priority spot on flight waitlist, $100 (40%) discount on one $249 flight, plus a LIFT Aircraft investor gift.

$2,500+ | Tier 3

Invest $2,500+ and receive 15% bonus shares, Free flight at a tour location of your choice or permanent Vertiport location ($249 value), plus a LIFT Aircraft investor gift.

$5,000+ | Tier 4

Invest $5,000+ and receive 20% bonus shares, an invitation to join our Beta Early Access Group with 2 free flights at our flight test facility in Austin anytime after May 1, 2023 (or can be used at any tour or permanent Vertiport location - $498 value), plus an exclusive LIFT Aircraft Beta VIP investor gift.

$10,000+ | Tier 5

Invest $10,000+ and receive 25% bonus shares, an invitation to join our Beta Early Access Group with 4 free flights at our flight test facility in Austin anytime after May 1, 2023 (or can be used at any tour or permanent Vertiport location - $996 value), 2 invitations to a VIP tour event, plus an exclusive LIFT Aircraft Beta VIP investor gift.

$25,000+ | Tier 6

Invest $25,000+ and receive 30% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights at our flight test facility in Austin anytime after May 1, 2023 (or can be used at any tour or permanent Vertiport location - $2,490 value), 4 invitations to a VIP tour event, plus an exclusive LIFT Aircraft flight jacket and Beta VIP investor gift.

$50,000+ | Tier 7

Invest $50,000+ and receive 40% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights at our flight test facility in Austin anytime after May 1, 2023 (or can be used at any tour or permanent Vertiport location - $2,490 value), 4 invitations to a VIP tour event, plus an exclusive LIFT Aircraft flight jacket and Beta VIP investor gift.

$100,000+ | Tier 8

Invest $100,000+ and receive 50% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights at our flight test facility in Austin anytime after May 1, 2023 (or can be used at any tour or permanent Vertiport location - $2,490 value), 4 priority invitations to a private VIP Beta Flight event at LIFT Austin Headquarters. Meet the LIFT team, train and fly HEXA! You will also receive an exclusive LIFT Aircraft flight jacket and Beta VIP investor gift.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

LIFT Aircraft, Inc 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 $1.87 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $187. 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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus for Previous Investors in addition to the aforementioned bonus.

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. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”.

PRESS

CNBC

CNBC Business News correspondent Julia Boorstin reports on LIFT Aircraft from SXSW in Austin, TX.

TechCrunch

LIFT Aircraft’s Hexa may be your first multirotor drone ride

New Atlas

The Hexa manned multirotor: It’s real, and you can fly it

Vertical Magazine

LIFT Aircraft completes piloted eVTOL demonstrations in Japan. LIFT Aircraft made history this week, completing the first-ever piloted eVTOL demonstration flights in Japan with their aircraft, HEXA.

Anderson Cooper Flies in an eVTOL

"That is cool," was the response from 60 Minutes correspondent Anderson Cooper after touching down in a vehicle called Hexa. Hexa is made by Austin-based Lift Aircraft, and Cooper was the first person outside of the company to take the aircraft for a spin while reporting on eVTOLs...

ALL UPDATES

02.02.24

2023 Highlights: First Customers Fly!

IMPORTANT: Future investor and business updates will be shared directly to our own website subscriber lists. SUBSCRIBE HERE to ensure you receive future updates.

2023 was a banner year at LIFT with the world's first launch of eVTOL customer flights!

When HEXA and our pay-per-flight model was unveiled in late 2018, the response was incredible; advance flight reservations quickly sold out in multiple cities and waitlists grew to more than 15,000. We’ve heard you over the past 5 years - you’re excited to fly!

The wait is finally over. In Q4, we invited our first customers from our Austin waitlist to fly HEXA as part of our “soft launch.” Later this month, we will announce the next city for our US roadshow.

But first, a few highlights from a very successful 2023…

With support from the U.S. Air Force, we completed flight testing of HEXA's "beginner mode" flight envelope.

We moved into a new, state-of-the-art operations center near Austin, TX where we perform flight testing, operational testing, staff and crew training, and customer demonstration flights.

We went viral - over 130M views! When Supercar Blondie reached out to us, we never could have imagined the response to this video. People love SCB and they love HEXA!

We became the most viewed eVTOL aircraft in the world with over 130M views. When Supercar Blondie reached out to us, we never could have imagined the response to this video. People love SCB and they love HEXA!

Our Chief Pilot, Jace McCown, conducted a ground-breaking livestream from onboard HEXA.

We completed our pre-launch, "Beta" flight test program - fine tuning our training program and flight operations with groups of real pilots at our new operations center (watch one pilot's reaction to her flight - it's incredible!).

After almost 5 years of (mostly) patient waiting, customers from our prepaid waitlist are flying HEXA!

With our first tour location ready to be launched in February and soon to be announced, we’re looking ahead to scaling operations and production, and growing our team.

We’re grateful for your continued support of our mission to bring the joy and utility of personal flight to the world. We can’t wait to fly with you in 2024!

REMEMBER: Future investor and business updates will be shared directly to our own website subscriber lists. SUBSCRIBE HERE to ensure you receive future updates.

Onward and upward,

Team LIFT

09.05.23

Last day to invest!

On the last day of our StartEngine raise, we’d like to extend our gratitude for your support. You’re a community of forward-thinkers who share our vision to revolutionize personal aviation.

LIFT Aircraft is at the forefront of pioneering urban air mobility, and your investment can help shape the future. If you’re considering investing, don’t miss the opportunity to join LIFT in making personal, vertical flight accessible to everyone.

The clock is ticking - this is the last day to invest!

Join us in celebrating significant accomplishments from the past 4 months…

$100K in less than 100 minutes, over 250k in the first 7 hours. The StartEngine community jumped on this opportunity right out of the gate!

Early Access Beta Program. LIFT launched the final step on the path to customer flights with this special offer, exclusive to our investors, and the response has been off the charts! Learn more here.

First ever piloted eVTOL flights in Japan. In partnership with GMO International and Marubeni Corporation, LIFT Aircraft flew the first eVTOL flights to ever be conducted in the country. Read the whole story.

Featured on Supercar Blondie - with over 120M views. When Supercar Blondie reached out to us, we never could have imagined the response to this video. People love SCB and they love HEXA!

Introduced the HEXA cargo module. HEXA was always designed to be modular, for multipurpose use cases. We flight tested the cargo version as part of a recent USAF contract.

Launched Beta Flights at our new operations center. As we continue to develop the infrastructure for customer flights (including the tour!), we moved into state of the art facilities near Austin, TX where we're conducting Beta flights. Watch one Beta pilot's awesome reaction to her flight.

Showcased at Paris Air Show and Japan Drone Show. Our manufacturing partner, Qarbon Aerospace, featured HEXA in Paris, and our partners in Japan, Marubeni, made HEXA the star of the Japan Drone Show!

Launched Ownership Program. 80% of our limited Founder's Series aircraft sold in less than 1 week! We’ve received numerous inquiries from around the world about HEXA ownership. After creating a mutually beneficial program for owners (unlimited flight with net zero cost!) and LIFT, the program was launched with great success!

Announced partnership with Warren Buffet-backed company, Marubeni Corporation. The agreement includes a pre-order option of up to 100 aircraft. Read the press release.

Historic eVTOL flight live stream. LIFT’s Chief Pilot “went live” from HEXA in what we believe to be the world’s first eVTOL live stream flight. Watch the flight.

Increased revenue projections. We’ve gained a lot of insight during Beta Flights. As a result of group inquiries, we developed a group training model, which had the unanticipated result of doubling the expected revenue per hour. Read more about Beta Flights.

Achieved EBITA profitability. LIFT recently filed its semiannual report (Form 1-SA) with the SEC and shared some financial highlights including: revenues increased by 32%, GAAP net loss narrowed by 61%, Positive EBITA, and Total funding surpassed $19M. Read the full update.

09.04.23

One Day Left to Invest!

Whether you’re traveling or staying home, outdoor grilling or laying low, we hope you and your loved ones enjoy a safe and happy holiday.

And don't let the opportunity to be part of LIFT Aircraft pass you by...

Tomorrow is the final day to invest!

09.04.23

Just One Day Left to Invest!

At LIFT Aircraft, we're proud to have a team that's passionate about innovation and aviation, and today we salute them and celebrate their hard work and incredible contributions.

Labor Day isn't just a day off - it's a day to honor the contributions of workers everywhere.

Whether you’re traveling or staying home, outdoor grilling or laying low, we hope you and your loved ones enjoy a safe and happy holiday.

And don't let the opportunity to be part of LIFT Aircraft pass you by...

Tomorrow is the final day to invest!

09.02.23

“There’s just no words!” Watch this pilot’s reaction to piloting HEXA!

When Alicia arrived at our Operations Center near Austin, TX, she had no idea what was in store. Her husband had invested through StartEngine, qualifying to participate in our Early Access Beta Flight Program. He teamed up with our staff and arranged the flights as a complete surprise - part of a wedding anniversary celebration!

When they arrived at our location, HEXA was in the field ready for their flights. We loved being part of the surprise! We gave Alicia an overview of the morning and after a brief orientation, flight training began. About one hour later, Alicia piloted HEXA!

Everyone who flies HEXA has absolutely loved it, but when we captured Alicia’s reaction right after she landed, we know we had to share it. You can watch it below (and you can’t help but smile!).

Just 3 days left to invest in LIFT - the company making the joy of flight accessible to everyone!

09.01.23

Opportunity Ends in Just 4 Days!

In a recent webinar hosted by McKinsey & Company, LIFT Founder and CEO, Matt Chasen, provided an overview of the company's concept of operations.

Play to the end to hear Matt share his personal love of aviation and the potential for eVTOL to open the experience of personal flight to the most people possible.

There's just 4 days left to invest - join us in changing the future of aviation.

08.30.23

LIFT Shares 1H 2023 Financial Update

LIFT recently filed its semiannual report (Form 1-SA) with the SEC and is thrilled to be sharing some financial highlights for the fiscal six-month period ending June 30, 2023:

Revenues increased by 32% to $2,019,172
GAAP net loss narrowed by 61% to ($638,917)
EBITDA swings from negative ($980,784) to positive $123,264
Total funding surpasses $19M

“It’s quite remarkable and a real testament to our amazing team that we’ve been able to achieve positive EBITDA before even launching our core commercial operations,” says Matt Chasen, CEO of LIFT.

“Our approach to the eVTOL industry has been to enter the market with a simple, ultralight-class, multirotor vehicle designed for personal use vs. most others that require certification of much larger and more complex aircraft along with commercial air taxi operations.”

With certification timelines continuously pushed out by other eVTOL companies, many may not make it through to certification, production, and commercial launch. With less than $20M in funding required to date, LIFT has already produced a fleet of 16 aircraft and is on track to be the first eVTOL company to enter revenue flight operations starting in Q4.

Join us as we build a future where everyone can fly!

LESS THAN 1 WEEK LEFT TO INVEST!

Note: LIFT is transitioning from generating revenue from funded research and development contracts to launching commercial operations, which may result in net losses increasing in future periods depending on when Beta customer trials end and how fast it accelerates investment in developing LIFT vertiport locations.

Source: Investopedia

About EBITDA. EBITDA is calculated as operating income excluding non-cash depreciation and amortization expenses. EBITDA is not defined by U.S. generally accepted accounting principles and should be considered in addition to, and not as a substitute for, net income. Please read LIFT’s full semiannual report here: Form 1-SA.

08.29.23

FAA Highlights ASSURE Program Featuring HEXA

LIFT is thrilled to be assisting in developing what is, to our knowledge, the world’s first college or university eVTOL aircraft maintenance training program.

As shared by the FAA in this recent post, “flying cars are coming.” With eVTOL aircraft promising to transform the future of transportation, and maintenance as a key component of eVTOL operations, this partnership sets the stage for the future.

Not only is Sinclair capturing the minds of future generations with an up-close look at our aircraft, HEXA (as seen above), but also those of current Sinclair students.

The school is offering groundbreaking, for-credit eVTOL maintenance courses beginning with the 2023-2024 school year, utilizing maintenance training and knowledge provided to their team by LIFT Aircraft engineers. Students will engage in hands-on learning with a full-scale production HEXA and VR flight simulator.

Join us in paving the way for the future of aviation - there’s only 7 days left to invest!

08.28.23

Just 8 Days Left to Invest!

Don't miss the chance to join thousands from the StartEngine community who have invested millions in LIFT through this RegCF and previous opportunities. LIFT Aircraft is poised to be the first eVTOL company to launch customer flights. Will you be part of it?

Time is running out!

08.24.23

Group training model doubles expected revenue per hour

Beta flights are a comprehensive test bed not just for the customer experience, but also to validate the assumptions we made in our operating model and financial forecast.

Our original model assumed a one-on-one training and flight experience between a pilot and flight instructor. As many of our Beta pilots booked and arrived in groups, we tested a group training and flying model, with up to four pilots training simultaneously.

We were excited to learn that the group model proved to be much more fun and exciting for the participants. It also allowed us to fly up to four flights per hour, per aircraft, versus our originally forecast two flights per hour. As you can imagine, this has major implications for the potential profitability of LIFT’s business.

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign reward.

10%

Stack Venture Club & Rewards!

Members get an extra 10% shares in addition to rewards below!

Venture Club

Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).

$500

Tier 1

Invest $500+ and receive 5% bonus shares plus a LIFT Aircraft investor gift.

$1,000

Tier 2

Invest $1,000+ and receive 10% bonus shares, priority spot on flight waitlist, $100 (40%) discount on one $249 flight, plus a LIFT Aircraft investor gift.

$2,500

Tier 3

Invest $2,500+ and receive 15% bonus shares, Free flight at a tour location of your choice or permanent Vertiport location ($249 value), plus a LIFT Aircraft investor gift.

$5,000

Tier 4

Invest $5,000+ and receive 20% bonus shares, an invitation to join our Beta Early Access Group with 2 free flights at our flight test facility in Austin anytime after May 1, 2023, plus an exclusive LIFT Aircraft Beta VIP investor gift.

$10,000

Tier 5

Invest $10,000+ and receive 25% bonus shares, an invitation to join our Beta Early Access Group w/ 4 free flights at our flight test facility, 2 invitations to a VIP tour, plus an exclusive LIFT Aircraft Beta VIP investor gift

$25,000

Tier 6

Invest $25,000+ and receive 30% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights, 4 invitations to a VIP tour event, plus an exclusive LIFT Aircraft flight jacket and Beta VIP investor gift.

$50,000

Tier 7

Invest $50,000+ and receive 40% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights, 4 invitations to a VIP tour event, plus an exclusive LIFT Aircraft flight jacket and Beta VIP investor gift.

$100,000

Tier 8

Invest $100,000+ and receive 50% bonus shares, an invitation to join our Beta Early Access Group with 10 free flights, 4 invitations to a private VIP Beta Flight event. Meet the team, train and fly HEXA, receive flight jacket and gift.

JOIN THE DISCUSSION

0/2500

William De oliveira

8 months ago

How we are doing?

William Ricci

Caleb Naysmith

2 years ago

I love the "Cargo Hexa" update. Super cool stuff. I almost think there's more immediate revenue and profitability there than the flying car for now + Zipline has been taking off getting 9 figure checks for their product.

Matthew Chasen

LIFT

•

2 years ago

Thanks, Caleb! We're really excite about both the piloted HEXA and the unmanned HEXA Cargo model. The beauty is in the modularity and commonality - we essentially get two great products from one development program.

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FAQS

How much can I invest?

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.

When will I receive my shares?

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

What will the return on my investment be?

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

Can I cancel my investment?

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.

What is the difference between Regulation Crowdfunding and Regulation A+?

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

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PREVIOUSLY CROWDFUNDED

$5,061,780.12

RAISED

$1,282,285.26

INVESTORS

738

MIN INVEST

$499.29

VALUATION

$188.67M

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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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary LLC (“SE Primary”), a broker-dealer registered with the SEC and FINRA / SIPC. You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system (ATS) regulated by the SEC and operated by SE Primary. SE Primary is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

StartEngine facilitates three types of primary offerings:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice concerning any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy, or completeness of any information. Neither StartEngine nor any of its officers, directors, agents, and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment. See additional general disclosures here.

By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors

Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine Marketplace

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC.

StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

StartEngine Bulletin Board (“SE BB”) is a bulletin board platform on which users can indicate to each other their interest to buy or sell shares of private companies that previously executed Reg CF or Reg A offerings not necessarily through SE Primary. As a bulletin board platform, SE BB provides a venue for investors to access information about such private company offerings and connect with potential sellers. All investment opportunities on SE BB are based on indicated interest from sellers and will need to be confirmed. Even if parties express mutual interest to enter into a trade on SE BB, a trade will not immediately result because execution is subject to additional contingencies, including among others, effecting of the transfer of the shares from the potential seller to the potential buyer by the issuer and/or transfer agent. SE BB is distinct and separate from SE Secondary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. By contrast, under SE BB, SE Primary assists with the facilitation of a potential resulting trade off platform including, by among other things, approaching the issuer and other necessary parties in relation to the potential transaction. The term “Extended”, when used in relation to transactions on SE Marketplace denotes that these transactions are conducted via SE BB, and that these transactions may involve longer processing times compared to SE Secondary for the above-stated reasons.

Even if a security is qualified to be displayed on SE Marketplace, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine. It also does not constitute an endorsement, solicitation or recommendation by StartEngine. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, (2) assist in the determination of the fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

We develop drones capable of human flight

$1,282,285.26 Raised

REASONS TO INVEST

TEAM

ABOUT

HEADQUARTERS

3402 Mount Bonnell Road Austin, TX 78731

WEBSITE

View Site

TERMS

LIFT

Overview

PRICE PER SHARE

$1.87

DEADLINE

Sep. 6, 2023 at 6:59 AM UTC

VALUATION

$188.67M

FUNDING GOAL

$15K - $3.39M

Breakdown

MIN INVESTMENT

$499.29

MAX INVESTMENT

$3,385,118.88

MIN NUMBER OF SHARES OFFERED

8,021

MAX NUMBER OF SHARES OFFERED

1,810,224

OFFERING TYPE

Equity

SHARES OFFERED

Common Stock

PRESS

CNBC

TechCrunch

New Atlas

Vertical Magazine

Anderson Cooper Flies in an eVTOL

ALL UPDATES

2023 Highlights: First Customers Fly!

Last day to invest!

One Day Left to Invest!

Just One Day Left to Invest!

“There’s just no words!” Watch this pilot’s reaction to piloting HEXA!

Opportunity Ends in Just 4 Days!

LIFT Shares 1H 2023 Financial Update

FAA Highlights ASSURE Program Featuring HEXA

Just 8 Days Left to Invest!

Group training model doubles expected revenue per hour

REWARDS

10%

Stack Venture Club & Rewards!

$500

$1,000

$2,500

$5,000

$10,000

$25,000

$50,000

$100,000

JOIN THE DISCUSSION

William De oliveira

How we are doing?

William Ricci

Looking forward to being part of this ride. Is there a shop or some way to purchase hats or shirts with the company logo and the HEXA?

Stephen Hart

Matthew Chasen

Yosef Hertz

Matthew Chasen

Loc Dao

I would like to know why a share $1.87 at this round. I think it should more than last round. It look like we lost some money from last round already.

Matthew Chasen

Larry Horowitz

I purchased a ride at the very beginning of your announcements several years ago. I since made an investment through Start Engine. When will I be invited to see a Hexagon and take a ride?

Matthew Chasen

Joseph Couch

Matthew Chasen

Richard Koch

Matthew Chasen

3402 Mount Bonnell Road
Austin, TX 78731