Airlines can save $50m/yr by reducing accidents between aircraft and ground vehicles (belt loaders, etc) with Airventions’ sensor technology! It mitigates the human factor of maneuvering a 10 ton vehicle within inches of a $80Mn aircraft, and data management addresses the core issue, accountability.
We sell a bolt on unit that installs the sensors onto existing vehicles for an upfront purchase. Then we offer a subscription for product upgrades, support, and the data management system.
In addition having hands on experience from working at airports, our founder has a strong engineering background and business training from MIT Sloan. Our technical team has over 15 years of programming and developing sensor systems. We are supported by an adviser who retired as the VP of Operations at Delta Airlines with over 40 years operations experience and can open any industry door. We have another adviser who has successfully started and run a consulting firm for over 25 years and knows the day to day of running a business.
We are raising $150K to put our product in hands of airlines and in use at airports. We conduct testing for survival in the harsh airport conditions (weather, "toughness" etc.), and build out the report system. This will take us to our pilot project with a major airline (currently in talks) and getting the product live in the market in a live setting.
The airline industry has a strong focus on two areas, safety and improving their bottom line. Our product addresses both of these.
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1 A special note on calculations: Over $16 million from accredited investors (i.e., the rich) was invested into 110 startups conducting Regulation D offerings on Wefunder since 2013. Regulation Crowdfunding is not legal until May 16th. We'll update these numbers to include those offerings then.
2 Startup investing is super risky. Seriously. The companies you love just might go bankrupt. You may lose all your money. You can't always resell your investments. You may have limited voting rights. Invest because you want to support what you love, not because you think you're going to make oodles of money.
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