Breaking the $319B market into high-margin profitability

MightyFly is the leading B2B/B2G last-mile and middle-mile delivery company with dual-use autonomous hybrid eVTOL aircraft targeting 100–500 pounds cargo capacity, across 600–1,000 miles range, with multi-stop per flight route, which provides customers with fast, low-emission and affordable deliveries. 

The company's business model is a subscription-based expedited delivery service. Given its aircraft range, payload, and autonomy, MightyFly’s unit economics are highly favorable: operating cost-per-mile is projected to be ~65% lower than current options. In parallel, MightyFly also serves government and defense customers through both aircraft sales and on-demand delivery services.

MightyFly’s timing aligns perfectly with the recently announced FAA commercial and eVTOL rules, enabling rapid expansion into the $319 billion expedited-delivery market. MightyFly has already developed three full-scale aircraft, completed over 400 autonomous flights, and obtained a Special Airworthiness Certificate covering multiple flight areas, corridors, and airports.

The company has also generated over a million dollars in revenue, signed a $230 million LOI and, most recently, a $50 million contract.

Expedited delivery suffers from slow, costly, and inefficient service

Commercial deliveries:

• Too slow due to traffic and multi-segment hub-and-spoke model

• Too costly due to low loading factor, and empty vehicle return runs at $1.70/mile

• High emissions from poor gas mileage and low vehicle utilization

• High labor dependency affected by shortage of drivers and pilots

Defense deliveries:

• Lacks resilient, infrastructure independent, relatively low cost, autonomous aircraft to meet DoD’s logistics needs

Unlocking expedited logistics with autonomous hybrid electric aircraft

MightyFly develops and operates large, autonomous delivery aircraft designed to move cargo quickly and efficiently for businesses and governments. 

Their hybrid-electric aircraft takes off and lands vertically, with target cargo capacity of 100–500 pounds, range of 600–1,000 miles and maximum speed of 150 mph, enabling deliveries much faster than traditional vans while also lowering operating costs and emissions.

They are working on launching same-day services for medical test kits, time-sensitive manufacturing shipments, inter-island deliveries, and other B2B deliveries, while expanding their DoD contracts.

Built-for-purpose:

• eVTOL: parking lot or roof top; no vertiports required

• Multi pick-up and drop-offs for high-capacity utilization

• 100-500 pound cargo capacity

• 600-1000 mile range

• 150 mph max speed

• Relatively quiet for urban deliveries

Milestones Achieved:

• US Air Force Demo

• 400+ autonomous test flights

• Autonomous loading and unloading, as shown in the US Air Force demo video 

• 3 generations of aircraft developed in 3 years

$50 million healthcare contract with growing dual-use revenue

$50 million Signed 5 Years Contract to Provide Accessible Healthcare

• Their commercial customer supplies medical test kits to businesses, which must be shipped back the same day or the next day after consumer use

• Customer’s delivery cost exceeds the cost of their tests.
• Contract value calculated using the minimum per-delivery cost multiplied by the projected number of deliveries over the 5-year contract

• Customer is an entry point to major medical retailers and hospitals, which rely heavily on expedited delivery for items like tests, blood, donor tissue, and surgical kits

• Retail health kit distribution

Qualified for $15M Air Force Strategic Funding Increase (STRATFI) With Successfully Completed Phase II Contract

• $1.3 million paid, completed two contracts with the US Air Force, AFWERX, AMC and Agility Prime

• Demonstrated autonomous flight and cargo handling, including autonomous nose opening and closing, package positioning and locking, aircraft weight and balance, and autonomous flight

• Unlocking 1,000 mile range, 100 pound payload, eVTOL, distributed, expedited autonomous logistics

First Public Intra City Demonstration Planned for 2026

• $150k paid POC

• Contract with Michigan Office of Future Mobility and Electrification (OFME)

• First known commercial public demo of large autonomous cargo eVTOL in the US

$220M Signed LOI for Hawaii Inter-Island Deliveries

• Topographical limitations forces nearly 100% of expedited deliveries to be via air freight

• Minimum pricing for package deliveries in Hawaii is almost 2x that in the continental U.S.

• Customers have to deliver expedited packages to airports themselves

• LOI value based on the estimated initial Proof of Concept (POC) cost, the sale of 15 aircraft, and 20 years of expedited delivery service.

Aerospace and autonomy experts and leaders

Manal Habib is the CEO and founder of MightyFly and a pioneer of the drone industry. A graduate from both MIT (bachelor of science in aerospace engineering) and Stanford (graduate program in aerospace engineering), Habib has developed a strong technical background in aerospace engineering. She previously specialized in flight controls and worked on the development of the first robust commercial flight controller. Manal is also a private pilot and in the process of building her own airplane. Her passion for aerospace, vision for a better world, and determination make her a motivated and unstoppable entrepreneur and leader. Manal holds two patents (one granted and one provisional).

Damen Cheung is the Head of Software and Avionics at MightyFly. He holds a Master's degree in Electrical and Computer Engineering from Georgia Tech and has 23 years of experience in autonomy, flight software and avionics integration. He previously led numerous software teams at Boeing across various military and commercial aviation programs. His specializations include real-time embedded software, hardware/software integration, automated testing, communication networks, and safety critical systems.

Brendan Szuwalski is the Head of Airframe at MightyFly. He holds a Master’s Degree in Vehicle Engineering from TU Delft and a Bachelor's Degree in Mechanical Engineering from Johns Hopkins. He has worked in the development of three aircraft projects, from design to autonomous flight, in the Part 103 ultralight and Class 3 UAV categories. His specialities include primary structures, mechanisms, and powertrain development.

Steve Wollenberg is the Chief Commercial Officer at MightyFly. He brings over 30 years of experience in business development, sales, operations, and engineering in the robotics, mobility, and renewable energy sectors. Steve is a serial entrepreneur, having co-founded and grown 4 start-ups in silicon valley, with successful exits and partnerships.

Fernanda Sausen is the Senior Director of Business Development at MightyFly. She holds a Master’s Degree in International Relations and brings to MightyFly over 15 years of experience in sales, partnerships and operations in the robotics, automotive, aviation and hospitality sectors. Fernanda has led worldwide business development, operations and commercial deployments, including customer projects at Disneyland Paris, Statue of Liberty, Rio 2016 Olympic Games, Brazil 2014 FIFA World Cup, and Europa Park.