Parallel Flight Technologies

Drones that lift more & fly longer — Multiple Industries

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Technology, Manufacturing
Expected Close Date
May 17, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

US-made drone technology with 1.7M raised already through grants, private investment, and Reg CF.
CEO was the Tesla Semi Truck lead electrical engineer. Strong technical founding team.
Partnership with NASA and NSF (National Science Foundation). Received SBIR grant. Proprietary tech.
Carries heavy loads for 10x the duration of competitive systems.
Advisors: Former Navy test pilot, Tesla Strategist, sucessful entrepreneur, and aerial firefighter.
12 LOIs already signed by major corporate partners.
Initial focus on wildfire crisis. Working with federal and state agencies to apply our technology.
$10B market opportunity for wildfire in the US, Canada, and Australia alone. Future: Multi-sectors.

Management Team / Advisory Board Bios

Joshua Resnick Co-founder & CEOLed system architecture and electrical engineering for the Tesla Semi Truck program. Prior, Joshua led state-funded research for the State of Alaska developing hybrid-electric commercial fishing boats., David M Adams Co-founder & Director of OperationsEngineer qualified nuclear submarine officer. Supported Naval research into drone swarms. Focused his career on robotic systems integration and design, having worked in both the semiconductor fabrication field and in surgical robotics., Bobby Hulter Co-founder & Director of Software & ControlsBobby spent the last 10 years working with a solar equipment startup as an electrical engineer. His experience ranges across engineering disciplines including systems engineering, PCB design, software development, and machine vision., Mark Bathrick Adviser - Unmanned SystemsMark is a Top Gun graduate and former test pilot for the Navy. He has 30+ years of UAS testing, acquisition, management, and operations experience. Listed in 2018 by Commercial UAV News with the Top 7 Drone Visionaries., Kasey Krape Adviser - Business DevelopmentKasey brings experience from Tesla as a Senior Manager of Global Inside Sales, Global Customer Experience, and senior staff manager for Strategy and Business Development for the Tesla Semi Truck program., Scott Watson Adviser - Aerial FirefightingScott devoted close to 40 years in the fire service,
starting with the US Forest Service, and retiring from
CAL FIRE as a Battalion Chief. As an aerial firefighter,
he has over twenty years in tactical helicopter operations., Mike DelPrete Adviser - Startup StrategyMike is an experienced entrepreneur having founded and successfully sold Agora Studios. Following this he led strategy and then became Head of Ventures for Trade Me. Today he is an advisor to tech companies worldwide., Seth McGann Test EngineeringSeth enjoys working on electronics prototyping, embedded systems, data acquisition and analysis. He is also a a very experienced coder with deep firmware experience., Brian Eiseman Mechanical Engineering Most recently, Brian led hardware development an AI and robotics company. Prior, Brian helped design and manufacture ground-up Electric Motorcycles, electric skateboards, and the largest roller coasters in the world., Megan Metz Business OperationsExecutive Director with 15 years of being highly strategic and operationally oriented. Agile, hands-on and creative problem solver with impeccable communication, analysis and change-management skills., Luis Barragan Electrical Engineering InternLuis is a student at the University of California, Santa Cruz, graduating this June with a Bachelors in Electrical Engineering. At UCSC, Luis was part of the university's first FSAE program and CubeSat program., Shannon Knudsen Consultant: Grants / Contracts / BizDevShannon Knudsen has over 12 years experience helping small businesses, non-profits, and universities procure and manage funding from myriad sources, including a proven track record winning SBIR/STTR funding.
Amount Raised : $316,651
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