LIFT Aircraft

We develop drones capable of human flight. Show More

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Security Type
Equity
Categories
Industrial, Transportation & Storage
Min Investment
$499
Location
0001889418, TX
Offering Date
October 04, 2022
Expected Close Date
August 06, 2023
Target Raise
$15.00K
No. Investors
306
Security Price
$1.87
Valuation
$100,000,000
Number of Employees
17
Cash
$464,760
Revenue
$2,721,452
Short Term Debt
$1,797,904
Cost of Goods
$0
Long Term Debt
$1,790,455
Net Income
$-3,765,043

Company Description

We are creating a future where anyone can fly… and that future is starting now. Personal flight has historically only been available to a privileged few with the time and money to fly traditional aircraft. At LIFT, we’ve created a “drone for people” that anyone can pilot - making the joy and utility of zero-emissions, personal, vertical flight accessible to all.

Management Team / Advisory Board Bios

Matt ChasenFounder, CEO & Chairman of the BoardMatt Chasen, Founder and CEO of LIFT Aircraft, 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 studied mechanical and aerospace engineering at U.T. and was a NASA scholarship recipient. Matt is a pilot, an avid sailor and scuba diver, and has completed the Texas Water Safari - known as the “World’s Toughest Canoe Race.” Matt lives in Austin with his wife and two children.

Balazs KeruloChief EngineerBalazs Kerulo, Chief Engineer of LIFT Aircraft, was one of the first to ride a man-sized multicopter, back in 2015. He has a degree in aeronautical engineering and is a trained professional fixed-wing pilot. He has extensive experience in digital twin technologies, simulation, and programming.

Kenny MillerChief Financial OfficerKenny Miller is the Chief Financial Officer at LIFT Aircraft. He received his BBA in Finance from the University of Texas at Austin and his MBA from the University of California at Berkeley.
Prior to joining LIFT, Kenny led technology, telecom, and media investing for Nokomis Capital. He previously held positions with Bonanza Capital, Applied Materials, JatoTech Ventures, and Goldman, Sachs & Co.
Kevin RustagiDirector of Business DevelopmentKevin 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.

Kristin GiffinDirector of Marketing and CommunicationsKristin Giffin is Director of Marketing and Communications at LIFT Aircraft. She is a proven team leader, project manager, and program director. Prior to joining LIFT, Kristin was the Senior Communications Director for Children’s Hunger Fund, a Charity Navigator 4-star international nonprofit organization that has delivered more than $1B in food and aid.
Jace 'Digit' McCownDirector of Flight Operations & Chief PilotA veteran of the US Air Force, Jace 'Digit' McCown is Director of Flight Operations and Chief Pilot at LIFT Aircraft. He received his BS in Computer Engineering from the US Air Force Academy and his Graduate Certificate in Agroforestry from the University of Missouri-Columbia. Jace is a licensed Commercial Pilot, a Certified Flight Instructor, and a licensed Small Unmanned Aircraft System Remote Pilot. Prior to joining LIFT, Jace was a Flight Test Engineer & Chief Pilot at Skyways Air Transportation., ,
Amount Raised : $627,375
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