WingTips

Regional Air Mobility now! Four times faster than driving and affordable

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Claim My Business
Security Type
Convertible Note
Categories
Technology, Sustainability, Transportation & Storage
Min Investment
$100
Location
Dripping Springs, TX
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$535.00K
No. Investors
62
Security Price
$1
Website
flywingtips.com
Number of Employees
3
Cash
$676,990
Revenue
$3,940
Short Term Debt
$1,145,841
Cost of Goods
$25,418
Long Term Debt
$75,000
Net Income
$-265,393

Key Deal Facts

Closed Seed Round in Q1 2021, Service started in Q2 2021, Revenue in Q4’21
Year to Date Revenue in 2022 is over 10x compared to all of 2021
The team has a track record of building software for private aviation
Stress Test around the Coachella Music Festival™ provided data on Key Performance Indicators
Industry-leading team across multiple disciplines is in place to scale the company
WingTips proprietary flight optimization reduces flight costs
Track record of successful private charter sales
Strategic agreements with aircraft companies for a multiyear roadmap to scale operations

Management Team / Advisory Board Bios

Mike Azzarello Founder & CEOSenior executive with multiple startups in IT services and aviation. Successfully developed industry firsts for digital private aviation sales for JetSuite: SuiteShare for shared charter sales, and SuiteDeal for empty leg sales., Zena MALIK Customer Experience Lead Brand Manager with over seven years experience with a demonstrated history of working in the luxury retail, fashion and beauty industry. Skilled in Luxury Brand Marketing, Social Media Management, Copywriting, Fashion Styling, and Merchandising., Lynsey Martin Business Relations ManagerKnowledgeable Account Manager with over 10 years of experience building brands, designing and delivering corporate events, managing a customer experience team and developing digital brand presence., Bruce J Holmes Aerospace StrategistSenior executive with more than 40 years’ experience in industry and in the Federal government (NASA): experience in air transportation system innovations, vehicle development, network and airspace optimization, and continuous re-planning tools., Stathis Kefallonitis, PhD User Experience StrategistConsumer neuroscience & experiential marketing professional with extensive international experience in industry and academia. Subject Matter Expert in air travel experience research and analysis., Charles Cope Charter OperationsExperienced corporate pilot and Part 135 Charter Operations. Member of the NASA SATS team. Implemented Floating Fleet operations for multiple charter companies., Laurie Garrow Air Travel Demand StrategistResearch expert in Travel Behavior Analysis and Forecasting. Director, Center for Urban and Regional Air Mobility at Georgia Tech. Data Science analytics expert for travel data., Katie Speidel User Experience DesignUX researcher & designer with a passion for understanding the ‘why’ behind consumer decisions through personable, honest communication and creative cross-functional problem solving.
Amount Raised : $123,675
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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