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Airspace Experience Technologies (ASX) isn't accepting new investments

Airspace Experience Technologies (ASX)’s deadline was May 1, 2023

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Airspace Experience Technologies (ASX)

Next-gen urban transport | Electric Vertical-Takeoff and Landing Aircraft
B2B Aviation Electric Vehicles Diversity & Inclusion Combat Carbon
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$234,967
Raised
419
Investors
Successfully funded and closed on May 1, 2023.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Airspace Experience Technologies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Airspace Experience Technologies (ASX) Crowd SAFE Airspace Experience Technologies Form C-A and Exhibits.pdf
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Hear from some of the 419 people reserved or invested in Airspace Experience Technologies (ASX)


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Highlights


  • ASX Sigma-Six: world's first advanced air utility vehicle
  • Modular design: swappable payload | reduced downtime | uses helipads
  • Collapses for easy shipment & storage
  • Air Mobility as a service, with 100 revenue-generating aircraft by 2025
  • Established 2017, based at Detroit International Airport

Problem


Traffic is taking
over our lives

US drivers waste $300B/year in fuel
and productivity sitting in gridlock traffic
while polluting our environment


Solution


ASX is poised to revolutionize urban transport 

... by elevating cargo & commuters to the sky.

—
e-VTOL:
Electric Vertical-Takeoff and Landing Aircraft
—

Quiet  -  Connected  -  Cost Effective

ASX’s approach of modular air mobility aims to provide an efficient and sustainable solution. 

ASX designs and manufactures Electric Vertical Takeoff and Landing (eVTOL) aircraft systems to connect cities, airports and suburbs that are clean, quiet and connected.

  • Established 2017 (Detroit Aircraft Corporation Spin Out)
  • Based at Detroit’s Coleman A. Young International Airport


Product


The world’s first
advanced air utility vehicle




Unrivaled modular design


  • Proprietary swappable payload 
  • Container with fresh battery 
  • Reduced downtime between flights 
  • Passengers can safely board/exit far away from the aircraft 
  • Can easily land on existing helicopter pads









Transportability


  • Designed to collapse for easy shipment to destination
  • Partially fold for shipboard operations to minimize footprint
  • Fully collapse for longer-term storage purposes




—


Meet Sigma’s robot (sBOT)



The world’s first omnidirectional ground robot that will
plug-and-play new payloads with a fresh set of batteries.

We believe sBOT has a broad range of potential applications — including towing the aircraft, flight testing and recharging batteries.


—


Advanced air traffic management


A system and method for cooperative operation of UAVs
Proprietary Approach to Vehicle-2-Vehicle-2-Infrastructure Traffic Management

ASX has a patent pending on all new traffic management system. When many of these aircraft take to the sky, a comprehensive nation-wide management scheme will be needed. Much can be learned from the work on connected and automated terrestrial vehicles. The standards, practices, and equipment from automotive could be applied to define the travelways and facilitate the safe and efficient management of this new use of the airspace."

Opportunity to team with NASA for deployment and testing

  • Broadcast 3D travel ways
  • “Rules of the road”
  • Broadcast no-fly zone and flight rules

Traction


ASX launch timeline




Customers


Defense · Emergency
Cargo · Passenger

Our commercialization strategy begins with 
Defense, followed by Emergency Response, 
Cargo, and Passenger Mobility

Given the proof-of-concept stage of our aircraft system, we have obtained a letter of interest (LOI) and Memorandums of Understanding (MOU) from a logistics and tourism company.

US Dept. of Navy

Notably, we have an LOI from the Dept. of Navy Future Air Mobility Command.  Their initial feedback was the Sigma-6 "is the most innovative air mobility platform that have seen." The flexibility of our aircraft system allows them to perform a variety of missions.

ICAT Logistics

ASX signed an MOU to lease 25 aircraft to move custom critical logistics from their warehouses to local customers. ICAT Logistics Detroit is a worldwide logistics company specializing in complex, challenging shipments. Through our in-house team, nationwide network and global partners, we have the reach and flexibility to create customized solutions for your shipping challenges. Best of all, we can handle every aspect of your shipment from pickup and packaging through documentation and delivery.

My Flight Tours

ASX has signed an MOU to lease 25 Sigma-6 eVTOL aircraft in support of clean, quiet and connected tourism. Founded in 2019, My Flight Tours operates in 7 of the most popular tourist destinations in Michigan and beyond.  With the most locations across the state, My Flight Tours is the largest tour operator in Michigan, with a fleet of 12 helicopters.  

Mail Management Services

Mail Management Services and ASX have signed an MOU to employ up to 50 aircraft in support of United States Postal Services. Services begin in Austin and San Antonio, Texas.

Mail Management Services is committed to de-carbonization and improving performance for our customers. Traffic congestion is an inefficient use of time, fuel and money for MMS, and we believe elevating our traffic above the roadways will shift performance for our customers while reducing carbon emissions. MMS has partnered with Airspace Experience Technologies (www.iFlyASX.com) to deploy electric Vertical Takeoff and Landing (eVTOL) aircraft to transport USPS payloads from between cities, airports and suburbs — emission free. Using pure electric, we can move up to 1,000 lbs across 150 miles, or up to 760 miles with a hybrid propulsion system. MMS will work with local, state and Federal agencies to deploy necessary infrastructure to begin demonstrating capability as early as 2023. Join us in elevating traffic and shifting performance for USPS Nationwide!

Business model


eVTOL generates 7x more revenue than car ridesharing

Affordable mass transit | 5x faster than driving
Minimal infrastructure required


—

Competitive operating cost:
Cargo

  • Operational efficiency is projected to improve from $0.92/mi/hr to $0.61/mi/hr with 400 wh/kg batteries*
  • Class 8 trucks operating cost are estimated to be $0.64/mi/hr
  • Sigma Six operating cost for cargo forecasted to be competitive with Class 8 truck by 2025

—

High run-rate processes
designed for mass production

ASX’s HQ in Detroit combines the best of automotive together with aerospace. Our electric aircraft design will maximize use of pre-existing and already certified EV technology, as well as the mass production manufacturing, supply chain, and industrial design base of the Motor City.

High run-rate manufacturing processes: sheet molding compound (SMC), automated fiber placement (AFP), and resin transfer molding (RTM).

—

Phase II production facility

One aircraft per hour

Market


Orders for future air mobility have soared in 2021 to 5,800

—

$1T Total Addressable Market by 2040

$9T by 2050

Source: Morgan Stanley, May 2021

Competition


ASX well-positioned to lead


Numerous patents are in process for key elements including structures, processing, assembly, control algorithms, thermal management and powertrain utilization.

The production intent Sigma Six design incorporates “lessons learned” from over ten years of developing and producing eVTOL aircraft as well as decades of automotive manufacturing experience. It utilizes leading edge aerodynamic principles; state of the art electric motors, batteries, and control systems; proven automotive manufacturing processes; and rapid and robust automotive based assembly protocols. The result is a zero-emissions, economical, and efficient machine for transporting cargo and passengers.

Vision and strategy


Air mobility as a service

  • 100 aircraft in service and generating revenue in 2025
  • 12,500 aircraft in service by 2032


—

Commercialization strategy:
Sequencing

—

Roadmap to national scale

Impact


Climate, 50K new jobs, educational outreach & DEI


Detroit democratized transportation by making cars affordable. Today, cars are stuck in gridlock traffic in urban centers around the world.

Traffic is not only taking over our lives, but it threatens our environment. Vehicles burning fuel while sitting in traffic are a leading source of carbon emissions. Every year, roughly 1.9 billion gallons of fuel are burned sitting in traffic — emitting nearly 40 billion pounds of carbon into the National Airspace.

Climate change threatens our humanity, and transitioning to a sustainable future is our highest priority. Detroit put the world on wheels, and we believe we can put the world on wings and elevate traffic — with clean, quiet and connected air transportation for everyone.


Making an impact in our community and around the world is at the heart of what we do. ASX is based at Detroit's Coleman A. Young International Airport, adjacent to one of the most underserved communities in the country. Our vision is to invest $1B towards building our factory to produce our and certify our aircraft. We aim to create as many as 50,000 new jobs and accelerate economic and workforce development.

Over the years, we have partnered with Friends of City Airport, a 501c3 non-profit that introduces children to aviation. The founder personally donates his time and money to the cause. These kids represent our future workforce, and we're looking forward to partnering with local, state and federal agencies to deliver workforce development programs.

In addition to elementary, middle and high school students, we host students from local colleges and universities as well. We have provided mentorship, spare parts and materials to attract students to join our team.

As a small company with limited resources, we look forward to doing more.

Growing our team with qualified talent that is diverse is a basic requirement for us.  Diversity, equity and inclusion is core to our companies values and principles.  The founder aims to create new wealth for the community, and share the values, principles and ethics required to be socially and environmentally responsible. Over the years, we've aimed to celebrate diversity, and we can and will make a difference.

Funding


$4.1M raised to date

  • Bootstrapped: $100K
  • Friends and family investors: $965K
  • Series seed preferred: $761K
  • Convertible notes: $2.4M
  • MI Economic Development Corp / Office of Future Mobility testing grant (more coming): $50K 

Founders


Our leadership

Distinguished team with highly accomplished backgrounds in aerospace, automotive, transportation, technology and defense sectors.

Summary


Why ASX?


In under 24 months, the ASX team invested less than $3M to produce a functional eVTOL aircraft, an autonomous, omnidirectional ground robot, 2 prototype Pods, and filed for multiple patents. Not only is it a technical achievement, but it's a testament to our resolve to innovate solutions to real problems while creating shareholder value.

ASX is poised to revolutionize urban transport with the Sigma-6 eVTOL. Unlike the competition, our flexible design enables ASX to perform a variety of jobs with a single platform.  

Our vision for the ultimate flying machine has come to life, and we are well positioned to team with the automotive industry to seamlessly transport people and cargo between cities, airports and suburbs like never before. 

Our company has navigated supply chain and human resource challenges, and we need your help to complete our proof of concept and plan for production. Your investment today will ensure we can procure batteries to expand our flight testing and grow our team.  

Join us in shaping the future of mobility!

Deal terms


Valuation cap

$80,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$250

The smallest investment amount that Airspace Experience Technologies (ASX) is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Airspace Experience Technologies (ASX) is accepting.
Learn more

Funding goal

$618K

Airspace Experience Technologies (ASX) must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $618K.
Learn more

Deadline
Airspace Experience Technologies (ASX) needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (Currently Jon Rimanelii)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Airspace Experience Technologies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Airspace Experience Technologies (ASX) Crowd SAFE Airspace Experience Technologies Form C-A and Exhibits.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Airspace Experience Technologies (ASX).
Invest
$250
Receive
  • Sigma-6 Poster
Invest
$500
Receive
  • Sigma-6 Poster
  • iFlyASX T-Shirt
Invest
$1,000
Receive
  • Sigma-6 Poster
  • iFlyASX Polo
  • Hat
Invest
$2,500
Receive
  • Brazen Sports CenterFire 3-Hand W Sigma-6 Engraved Team Case-Back Watch ($550 Value)
Invest
$5,000
Receive
  • Brazen Sports DUEL Chronograph Timepiece W Sigma-6 Engraved Team Case-Back ($750 value)
  • Sigma-6 Poster
  • iFlyASX T-Shirt
  • Hat
Invest
$10,000
Receive
  • Spend time with the CEO
  • Helicopter Tour of the City
  • Behind the scenes visit
  • Sigma-6 Poster
  • iFlyASX Shirt
  • Hat
  • Brazen Sports CenterFire 3-Hand W Sigma-6 Engraved Team Case-Back Watch ($550 Value)
Invest
$25,000
Receive
  • Spend a day with the CEO
  • Overnight Stay at the DAC Detroit Athletic Club (Excludes Airfare)
  • Helicopter Tour of the City
  • Dinner/Cocktails/Cigars (DAC)
  • Flight Testing Invitation
  • iFlyASX T-Shirt
  • Hat
  • Brazen Sports CenterFire 3-Hand W Sigma-6 Engraved Team Case-Back Watch ($550 Value)
Invest
$50,000
Receive
  • Weekend Stay at the DAC Detroit Athletic Club (Excludes Airfare)
  • Golf Outing with the CEO, Lochmoor Country Club
  • Helicopter Tour of the City
  • Dinner/Cocktails/Cigars (DAC)

About Airspace Experience Technologies (ASX)

Legal Name
Airspace Experience Technologies, Inc.
Founded
Jun 2017
Form
Delaware Corporation
Employees
6
Website
iflyasx.com
Social Media
Headquarters
Google Map location of of Airspace Experience Technologies (ASX)
11499 Conner Street , Detroit, MI
Headquarters
11499 Conner Street, Detroit, MI, United States 48213

Airspace Experience Technologies (ASX) Team
Everyone helping build Airspace Experience Technologies (ASX), not limited to employees

Profile picture of Tim Paolini
Tim Paolini
Chief Commercial Officer
Profile picture of Juli Suarez
Juli Suarez
Office Manager
Profile picture of Gregg Peterson
Gregg Peterson
Chief Engineer
Profile picture of Conor Hughes
Conor Hughes
Flight Controls and Propulsion Systems
Profile picture of Adit  Ajikumar
Adit Ajikumar
Lead Mechanical & Systems Engineer
Profile picture of Camilo  Pardo
Camilo Pardo
Senior Designer
Profile picture of Collin  Gillespie
Collin Gillespie
Systems Integration / Flight Operations
Profile picture of Leland  Kornhaus
Leland Kornhaus
High Voltage Architect
Profile picture of Evan  Aud
Evan Aud
Industrial Designer
Profile picture of Walton  Fehr
Walton Fehr
V2V UTM Architect
Profile picture of Eddy Rimanelli
Eddy Rimanelli
Marketing
Profile picture of Melissa Roy
Melissa Roy
PR/Commnications
Profile picture of Calvin Riley
Calvin Riley
Social Media / Marketing
13 more team members
Tim Paolini
Chief Commercial Officer
Juli Suarez
Office Manager
Gregg Peterson
Chief Engineer
Conor Hughes
Flight Controls and Propulsion Systems
Adit Ajikumar
Lead Mechanical & Systems Engineer
Camilo Pardo
Senior Designer
Collin Gillespie
Systems Integration / Flight Operations
Leland Kornhaus
High Voltage Architect
Evan Aud
Industrial Designer
Walton Fehr
V2V UTM Architect
Eddy Rimanelli
Marketing
Melissa Roy
PR/Commnications
Calvin Riley
Social Media / Marketing

Press

Democratizing Air Mobility with Jon Rimanelli - Part 2 | ...
Acast
·
Nov 2, 2022

Listen to Democratizing Air Mobility with Jon Rimanelli - Part 2 from The Future Car: A Siemens Podcast. How do you avoid...

TEDxDetroit_2022
Vimeo Vimeo
·
Oct 31, 2022

This is "TEDxDetroit_2022" by ASX on Vimeo, the home for high quality videos and the people who love them.

Democratizing Air Mobility with Jon Rimanelli - Part 1 - ...
Siemens Software Podcast Network
·
Oct 27, 2022

Ed Bernardon: Jon, you're a pilot with thousands of hours in the air, you've been involved in aerospace all your life, bu...

Detroit Auto Show Adds Displays That Take Mobility Into T...
Forbes
·
Sep 16, 2022

In corners of the Detroit Auto Show where luxury brand vehicles once preened on lush carpet, those high-priced four-wheel...

ASX Flies Tiltwing eVTOL Air Taxi Demo With Plug-And-Play...
Aviationweek
·
Sep 15, 2022

Detroit startup Airspace Experience Technologies (ASX) has completed the first hover flight of its proof-of-concept Sigma...

Detroit startup unveils Sigma Six aircraft to elevate car...
The Detroit News
·
Sep 14, 2022

Detroit - Local startup Airspace Experience Technologies unveiled a prototype of the Sigma Six aircraft at the Detroit au...

Detroit Auto Show to Showcase Air Mobility with Aerial Ta...
DBusiness Magazine
·
Aug 10, 2022

Organizers of the North American International Auto Show today announced an all-new "Air Mobility Experience" will join t...

ASX in Detroit, Spirit AeroSystems Developing Affordable ...
DBusiness Magazine
·
Feb 17, 2020

Jon Rimanelli, co-founder and CEO of ASX in Detroit, and Keith Hamilton, executive director, programs and business develo...

Top 6 Electric Urban Air Mobility Stories of the Week
CleanTechnica
·
Feb 23, 2019

Volocopter is testing its autonomous air taxi later this year, the ASX MOBi-One aircraft plans to use VerdeGo Aero's IDEP...

Here Are The Most Amazing Flying Car Designs Featured At ...
Fast Company
·
May 10, 2018

Aircraft makers-from multinational giants to garage startups-offer a crazy variety of visions for air taxis that Uber mig...

Airspace Experience Technologies (ASX) MOBi-One V1
Evtol

MOBi-One V1 Airspace Experience Technologies, LLC (ASX) Detroit, Michigan, USA Founded in Detroit, Michigan (USA) in 2017...

Detroit auto show to include new air mobility technology ...
Detroit Free Press

The Detroit auto show this year will focus on more than rubber meeting the road. Organizers at this year's show now have ...

Detroit Auto Show organizers bringing 'Air Mobility Exper...
The Detroit News

North American International Auto Show organizers are adding a new "Air Mobility Experience" to the September show. This ...

Show all
Logo of Airspace Experience Technologies (ASX)

Airspace Experience Technologies (ASX)

Airspace Experience Technologies (ASX) successfully raised $234,967 from 419 investors on May 1, 2023
Profile picture of Aysis Blackley
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Profile picture of Kelvin Cox
Profile picture of GLENN HUBBARD
Profile picture of Takumi Iwamoto
Aysis, Jobie, Kelvin, GLENN, Takumi, and 414 others invested. 63 Reviews
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