blueflite inc

Reinventing cargo logistics using drones

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Security Type
Common Stock
Min Investment
Offering Date
December 02, 2022
Expected Close Date
April 03, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Did you know that there are more than 130 billion packages delivered globally, and that figure is expected to double by 2025?* The sheer volume of deliveries is causing many challenges in the logistics industry, which affect cost, time to deliver and leave an impact on the environment. blueflite is changing this by creating a future where drones enable sustainable logistics that are safer, more cost effective and make the world a better place. Through patented delivery drones, proprietary logistics software, and intelligent in-flight control algorithm, blueflite provides a unique approach for the rapidly growing logistics industry.

Key Deal Facts

As drone systems are being increasingly adopted, the current $8.5 billion market for this technology is expected to see substantial growth with an impressive 23.23% CAGR. Amidst this already booming industry, the cargo drone delivery sector specifically is expected to approach an inflection point in the near future, according to Morgan Stanley and McKinsey & Company.** blueflite designs and manufactures advanced drone systems and software for an integrated approach to cargo delivery. The company’s patented platform handles all aspects of logistics drone operations and provides a one-stop solution to solve logistics challenges globally. While the drone industry has been truly establishing itself over the past few years, blueflite has been on the ground floor. The company has been live and operating for more than 4 years, has raised over $3.4 million in grants & funding, and is already revenue-generating, with an annual turnover exceeding $1 million as of October 2022.

Management Team / Advisory Board Bios

Dr. Frank NoppelCo-Founder, Director, CEO, CFO, SecretaryFrank Noppel, Co-Founder and CEO of blueflite, is a serial entrepreneur, investor, and aerospace enthusiast. Frank previously worked at McKinsey & Company as management consultant until 2018 where he led business strategy and implementation projects for large corporations. While getting his Ph.D. at Cranfield University (UK) in 2007 for which he obtained the Kings Norton Medal, Frank laid the foundations Ambeo - an air-taxi company featuring very light jet aircraft for which he served as CEO until 2011. Frank is a member of the Royal Aeronautical Society and inventor of several patents. In his spare time, Frank enjoys flying small planes, sailing and playing the piano, and spending time with his wife and two children. James McClearenCo-Founder, Director, CTO, PresidentJames McClearen is a Co-Founder and the CTO of blueflite, entrepreneur, passionate engineer and technologist with 20 years experience in the automotive and defense industries. Prior to founding blueflite, James ran his engineering consultancy and was Chief Engineer at AVL leading special projects for high profile clients. Before that, James was Chief Engineer at a defense subcontractor leading the development of a novel micro-electronics systems for the US military. James also lived in Japan for some time when he worked for Toyota focusing on advanced CAE and design methodology. James is an alumni of Georgia Institute of Technology and an Adjunct Associate Research Scientist at the University of Michigan. James is a passionate culinary hobby chef and traveler, and enjoys spending time with his two children and his wife., Nicholas UnderwoodHead of Software EngineeringAccomplished software architect with deep expertise in cloud and data engineering. Nick graduated from Georgia Institute of Technology with a Master’s degree in Computer Science. His expertise is in analyzing, understanding, designing and implementing end-to-end product solutions. Nick joined the blueflite team in 2018 to develop blueflite’s digital solutions. Gary HelzermanDesign LeadGary has more than 20 years of experience in mechanical engineering and manufacturing. He has deep experience in all aspects of manufacturing ranging from conceptional design up through production. Gary is an accomplished expert in computer aided design tools and simulation. He joined blueflite to support in the design and development of blueflite’s advanced logistics drone platform. Nick MolinaPrototype LeadNick has 10 years experience in automotive R&D testing and engine prototyping. He joined blueflite as employee No. 1 and is working side by side with blueflite’s engineering team. Nick is utilizing advanced design tools and rapid prototyping equipment to bring blueflite’s visionary drones to life. Jonathan HoltMechanical EngineerJonathan is an experienced Mechanical Engineer and skilled in a variety of advanced design tools such as NX or Matlab. Jonathan has a Bachelor of Science from Gonzaga University and joined blueflite to support the design and development of blueflite’s advanced drone hardware systems. Conor CorryPrototype TechnicianAs an experienced Design Engineer, Conor is skilled in diverse design areas including electrical, and mechanical engineering disciplines. Conor has a Bachelor of Science from Ulster University. Joining blueflite in 2022, he assists with prototype design and manufacturing to create blueflite’s revolutionary logistics drones. Kyriakos VamvoudakisControl Systems and Autonomy Advisor (part-time contractor)Dr. Vamvoudakis is a globally recognized and award-winning expert at the Georgia Institute of Technology. His learning-inspired approaches are used to design and develop resilient control system algorithms for blueflite’s advanced logistics drones. Dr. Vamvoudakis has been elected to the grade of Senior Member of AIAA and IEEE. Mike DeSantisFinance (part-time contractor)Mike is a Certified Public Accountant and experienced financial professional with expertise in transactions and accounting services, as well as financial reporting. He holds an M. Sc. in accountancy from Walsh College and a B.A. in Economics from Denison University. Mike is leveraging his financial knowledge and experience from the corporate world to support blueflite with accounting and book keeping services. Lindsay McClearenAdministrative Manager (part-time contractor)With her previous roles in managing business administrative functions, Lindsay has been taking care of the various backoffice tasks at blueflite since the early formative days of the company. Lindsay holds a B. Sc. in Business Education from the University of Georgia and a M.A. in School Counseling from Oakland University and worked in the Education sector before joining blueflite. Mike MichielliBusiness Development (part-time contractor)Mike’s passion for aviation and travel runs deep. He is a trained commercial pilot with an instructor rating and aerobatics endorsement. As a drone sales and business development professional, Mike supports blueflite’s business development activities worldwide. Art HillMarketing (part-time contractor)Art is a creative content producer as well as marketing strategy and media specialist. With a B.A. in arts from Coastal Carolina University, he has gained experience in the marine industry being responsible for digital content creation and marketing initiatives. Art is supporting blueflite with the company’s marketing and social media activities, as well as providing input to blueflite’s digital content strategy. Kelsey NemethPR and Branding (part-time contractor)With 10 years’ of experience in OEM marketing and passion for aviation and emerging technologies, Kelsey supports blueflite’s brand strategy and public relations initiatives. She holds a bachelor’s degree in public relations from The University of Alabama’s College of Communication and Information Sciences.,

Amount Raised : $349,432
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Common stock is a security that represents ownership in a corporation.

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