Doroni Aerospace Raises $1.07M on StartEngine
Summary
Wonderful from ABCs Shark Tank television show, StartEngine enables everyday people to become angel investors by giving them access to startup opportunities across a wide range of industries.We began this raise with such an intentionally low valuation, it almost seemed crazy at the time. The big idea was to grow our community and provide our early adopters with the best deal possible, and Im proud to say weve achieved that goal.Founded in 2016, Doronis mission is to bring safe and consumer-first air transportation to the emerging electric vertical takeoff and landing (eVTOL) industry. The companys go to market aircraftthe uses an intuitive and easy-to-use control system that simplifies the inherent complexities of flight.Prior to this raise, Doroni designed, built, tested, and successfully lifted-off a 643 LB. This paved the way for the company to win 2nd place at the 2021 Florida Aerospace Forum and garnered the support of government agency Space Florida to help bring production to scale.Doroni anticipates a commercial launch of the H1 in the second half of 2024, and will be seeking a Light-Sport Aircraft (LSA) certification with the FAA, which is markedly different from its air taxi competitors. Doroni firmly believes the new $159M valuation positions the company for a potential exit of $1B in less than 5 years.Doroni is urging supporters who are still interested in investing to join the via the companys .To learn more about Doroni Aerospace, please visit www.doroni.io or email us here: | Invest in our Crowdfunding campaign today!Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d54117ff-7bcc-4be5-9850-3792dbebc162