Photo - Sky Raido
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Sky Raido

Flying motorcycle. with vertical takeoff and landing system.

Ukraine, Kharkov region
Market: Transport
Stage of the project: Prototype or product is ready

Date of last change: 12.02.2019
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Idea

The unique engineering solution allows you to accelerate up to the 120 km /h in the air. It also has extraordinary maneuverability, an advanced security system and can be airborne for up to 2 hours.
The product is interesting for prosperous people with an active lifestyle. The market potential for the project is $ 4 billion per year.
Self-sufficiency for this project comes after the sale of 20 flying motorcycles or in 3 years.
The investor receives exclusive rights to get part of the capital of this project and co-ownership of real estate in Estonia. Project Jurisdiction: Ukraine/Estonia.

Current Status

-A prototype in 1: 3 dimensions was developed and tested.
At the moment, the project is in the process of fundraising for the development of a pre-production sample and the organization of a mass production system

Market

The high price of our aircraft involves to use it by properous people, for whom the issue of price is not on the first place. Our target audience are representatives of the middle and upper classes with a high level of income, who prefer an active lifestyle.
The estimated market demand for ultra-small aircraft is about 20,000 units per year.
Total Addressable Market - 4,000,000 people. Served / Serviceable Available Market - 20 000 aircraft per year, 4 billion per year.

Problem or Opportunity

According to market analysis, ultra light vertical take-off and landing aircraft ultra-light vertical-class aircraft have the following critical drawbacks:
Low airspeed (up to 60 km / h)
Low airbourne (up to 20 minutes for realized samples)
Insufficient pilot safety when propellers are damaged
-Not enough maneuverability
- Large size of one-seated aircraft
The lack of solutions for the above problems does not allow ultra light aircraft to “conquer the market” and become a mass product.

Solution (product or service)

The experience of our team of engineers in the work on the creation of sports cars and aircraft, gives us the opportunity to offer an aircraft, which will surpass any of the existing analogues in the world and be able to work in manned and unmanned mode.
At the first stage of development of our project, the estimated price of the aircraft will be from $ 200,000 to $ 250,000. At further stages of the project development, it is possible to make the price of the aircraft at the level of $ 60,000 - $ 80,000 and sell them in the mass market. At such a price, our aircraft can become in demand for commercial use, for government organizations, for the Ministry of Emergency Situations, for security services, for emergency services of developed countries.

Competitors

Currently, there are 47 projects which are developing single seated aircraft in the world. All competing projects have the difficulties listed above.
Main competitors:
Scorpion 3 (russia)
Ehang 184 (China)
Volokopter (Germany)
AERO-X (USA)
Kitty Howk (USA)

Advantages or differentiators

1) our aircraft has a 120 km/h speed, but the nearest competitor has not more than 70 km/h
2) we focused our attention on creation of extra safety system for our aircraft
3) our aircraft has a very high maneuverability, achieved through a special system of fastening propellers
4) our aircraft can stay in the air for up to 2 hours
5) we have an engineer in our team who assembled racing cars of the World Cup class. He have a huge experience in tuning of aerodynamics characteristics of cars and aircraft,also he has an experience in production of parts. An He knows how to assemble and train a team of engineers.
6) The company's CEO has experience in business creation, fundraising and 10+ years of experience in sales, including sales of complex custom solutions

Finance

Estimated time to become profitable - 3 years
More detailed calculations we could send upon request.

Business model

The cost of 1 aircraft from series of 20 aircraft: $ 50,000.
Price for sale: $ 250,000
Sky Raido generates profit on the sale of aircraft, customization and service.
Sale of 20 LA allows you to make the project profitable.

Money will be spent on

The requested funds will allow to do an engineering work on the development and manufacture of aircraft, create the first series of products, make first sales, prepare an assembly shop for large-scale production, make the enterprise profitable. Also it allows to develop and implement a strategy to raise the next round of investment

Offer for investor

Specificity of investor share in equity: Convertible loan. Depending on the achieved KPI it will be equal to 5-20% of equity
The investor receives:
- part of equity
- co-ownership of real estate and land in Estonia
- privileged rights to increase the share of equity in the next round of investments

Mentors & Advisors

Risks

- Lack of sufficient funding;
- State regulation on environmental standards;
- Legislation in the use of aircraft.
- A long process of developing project documentation;

Incubation/Acceleration programs accomplishment

no

Won the competition and other awards

Project was at the final of Estonia Startup contest

Invention/Patent

This aircraft has a certificate of a utility model.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video