{"data":{"type":"company_profile","id":80737,"entity_id":"wefunder:company:80737","attributes":{"canonical_url":"https://wefunder.com/jetoptera","generated_at":"2026-06-08T02:54:47Z","updated_at":"2026-06-08T02:34:52Z","entity_ids":{"company":"wefunder:company:80737","slug":"wefunder:company_slug:jetoptera"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-08T02:54:47Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-08T02:34:52Z","as_of":"2026-06-08T02:54:47Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-08T02:34:52Z","as_of":"2026-06-08T02:54:47Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-04-24T04:06:22Z","as_of":"2026-06-08T02:54:47Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-04-24T04:06:22Z","as_of":"2026-06-08T02:54:47Z","confidence":"medium"}}},"company":{"id":80737,"entity_id":"wefunder:company:80737","slug":"jetoptera","name":"Jetoptera","tagline":"Redefining Flight Through Bladeless Propulsion","elevator_pitch":"We are revolutionizing aircraft propulsion with Fluidic Propulsive System technologies that will make Air Mobility quieter, safer, faster, and the flying car a reality.","story":"Jetoptera is an aerospace company pioneering breakthrough aircraft and propulsion technology to lead the $1 trillion advanced air mobility revolution.By removing noisy rotors and spinning propellers, our bladeless Fluidic Propulsive System® (FPS®) delivers the speed and efficiency of a jet with the vertical freedom of a helicopter - without the noise. As a result, our aircraft can go where others have never gone before, expanding the world of aerial mobility as we know it.Our technology is already in flight, supported by commercial and defense contracts totaling more than $6 million in revenue and 189 granted patents. We are raising to accelerate the development and certification of our technology, turning years of proven in-flight and defense-backed validation into commercial products ready for the global market.Legacy vertical flight aircraft depend on large, exposed rotors. They’re loud, hazardous in tight spaces, complex to maintain, and fundamentally speed-limited.The world needs vertical flight that is quiet enough for cities, safe around people and infrastructure, fast enough for regional trips, and flexible enough to adopt both today’s and tomorrow’s fuels.At Jetoptera, we ‘re building a new class of aircraft around bladeless propulsion. Our Fluidic Propulsive System® (FPS®) replaces spinning propellers with a jet stream of pure, accelerated airflow, transforming how thrust and lift are generated.Because FPS® uses air rather than rotating metal, it is lighter, safer, and far less complex than traditional propulsion. Our system produces minimal vibration and noise, and allows the entire airframe to function in aerodynamic synergy with the propulsor.We expand where aircraft can operate and what they can do. Because we don’t rely on battery technology, our system delivers more power, flies longer between maintenance, and costs much less to operate than hybrid or electric aircraft.These advantages combined with the lack of noisy and dangerous rotors mean we can fly where others can’t: closer to hospitals and schools, into smaller landing zones, above wildlife corridors, and from city-to-city at jet-class cruise without a runway.We’re adapting our FPS® to a range of aircraft from powered parafoils to high-speed vertical take-off and landing (HSVTOL) for military applications to air taxis.We’ve earned trust across commercial and defense programs, including collaborations with Pratt \u0026amp; Whitney, Van Der Lee, and multiple U.S. Department of War agencies.We’ve been awarded seven U.S. military contracts totaling $3.3M+ to date. We’re proud to be sponsored by the US Special Operations Command and Air Force Special Operations Command, as well as to have received the 2022 HSVTOL Contract from AFWERX, the innovation arm of the Department Air Force (one of 11 funded from more than 200 entrants).We’ve proven market demand, government confidence, and independent validation of our technology.At the 2025 Paris Air Show, we publicly demonstrated our flagship turbocompressor, the compact jet engine that powers our FPS®. This demonstration confirmed stable operation, consistent thrust, and seamless integration between the engine and the fluidic nozzles – ultimately proving that we’re ready for commercial development.In addition, Jetoptera has secured protection for every major aspect of its propulsion and aircraft design, creating one of the strongest intellectual property portfolios in advanced aviation.Jetoptera was dreamed up by a team of industry vets and aviation enthusiasts - and together we are making our dreams come true. Our team has decades of experience with the most notable aerospace, military, and finance organizations including GE, L-3 Wescam, Collins Aerospace, Textron Systems, US Marine Corps, and Morgan Stanley.We have the track record of building - and flying! - unmanned and manned aircraft, and the experience required to bring a revolutionary flying concept to the mass market.By bringing game changing innovation to aviation AND significantly expanding the use cases of aircraft, we are disrupting four key multi-billion dollar segments: general aviation, commercial drones, military applications, and helicopters.Currently the combined market across these segments is valued at $105B based primarily on physical sales of aircraft. By 2040, the advanced air mobility market is projected to grow 10x to $1T with the addition of new hardware, software, and services for the shared mobility, airline, transport/logistics, and military industries.New FAA rules are also paving the way for growth. One set will soon allow larger drones to fly beyond the pilot’s line of sight without special approval, and another will enable Jetoptera’s two-seat and four-seat aircraft to be sold to private owners for recreation and testing. These changes make it easier for Jetoptera to generate revenue and build flight experience as we move toward certification.With a gigantic market opportunity and FAA rules serving as tailwinds, we are at a pivotal stage of growth — moving from proven technology to commercial execution. We’ve already identified the right subcontractors and components for this next phase of growth, proven our turbocompressor can scale, and successfully tested the pneumatics and larger thruster design first envisioned in 2019.We have invested $22M into R\u0026amp;D and generated $6.1M+ in commercial and defense revenue to date. This next round of funding will enable us to further commercialize our J-500 cargo drone while advancing engineering on the J-2000, our first passenger aircraft (equivalent to a 2-seat Ferrari) targeted for commercialization in 2027, and then scale significantly from there.By 2031, we anticipate revenue to near $2B from four main sources:Cargo drones for commercial and military useCommercial and personal mobilityMedevacFluidic Propulsion Technology ComponentsCommercial air-mobility firms can reach multi-billion dollar valuations.The advanced air mobility sector is already attracting multi-billion-dollar valuations and strategic investment from the world’s largest aerospace players.Jetoptera’s Fluidic Propulsive System® (FPS®) delivers a fundamentally more efficient, quieter, and scalable alternative to existing electric and hybrid VTOL technologies. With proven defense traction and a clear path to commercialization, Jetoptera is positioned to become the next major success story in this fast-growing trillion-dollar market.[Forward looking projections cannot be guaranteed].For a century, flight has been powered by spinning blades. We are ending that era.We’ve proven that our bladeless propulsion works: it’s faster, quieter, and more efficient than any vehicle flying today. Our aircraft are opening new airspace for healthcare, logistics, emergency response, and everyday travel.Now, we’re ready to scale. Your investment accelerates the leap from prototype to production, from demonstration to global adoption. Be part of the team that ends the rotor age and launches the era of bladeless flight.Invest in Jetoptera: Help us redefine flight so it’s faster, quieter, cleaner, and freer than ever before.","location":"Edmonds, WA","website":"https://www.jetoptera.com/","total_amount_raised":5347568,"total_investors":2703,"is_funded":false,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/jetoptera","https://www.jetoptera.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/80737/xxl_Jetoptera_1762978126954.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/80737/large_Jetoptera__Inc._logo_1694727313510.jpeg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/80737/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/80737/large_Jetoptera_1762978126954.jpg","profile_video_url":"https://wefunder.wistia.com/medias/6vn05tlxs9"},"links":{"company_url":"https://www.jetoptera.com/","linkedin_url":"https://linkedin.com/company/jetoptera/","twitter_url":"https://x.com/jetoptera","facebook_url":"https://www.facebook.com/Jetoptera","youtube_url":"https://youtube.com/@jetopterainc"},"highlights":[{"id":75585,"name":"1m_plus_revenue","url":"1mplusrevenue","presentable_name":"$1M+ Revenue","description":"Earned over the last 12 months","image_url":"https://uploads.wefunder.com/2021/profile-highlights-up-arrow.svg"},{"id":75537,"name":"repeat_founder","url":"repeatfounder","presentable_name":"Repeat Founder","description":"Started a prior company with $2M+ in funding or revenue","image_url":"https://uploads.wefunder.com/2021/profile-highlights-replay.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Pioneering a first-of-its-kind jet propulsion solution using fluidics"},{"index":2,"claim_id":"claim-fact-2","value":"189 patents granted with 100+ pending"},{"index":3,"claim_id":"claim-fact-3","value":"$6.1M+ in total revenue from commercial \u0026amp; military contracts"},{"index":4,"claim_id":"claim-fact-4","value":"$22M invested in research and development"},{"index":5,"claim_id":"claim-fact-5","value":"Prototypes in flight: J-55 UAV today and soon, J-500 Cargo VTOL"},{"index":6,"claim_id":"claim-fact-6","value":"2-3X faster and 30dB quieter than helicopters and electric vertical \u0026amp; takeoff aircraft"},{"index":7,"claim_id":"claim-fact-7","value":"Leadership from GE Aviation, Collins Aerospace, US Marine Corps, \u0026amp; Morgan Stanley"},{"index":8,"claim_id":"claim-fact-8","value":"Tackling a $1T opportunity in Advanced Air Mobility - a rapidly developing sector in aviation"}],"team":[{"id":1509331,"entity_id":"wefunder:company_role:1509331","user_entity_id":"wefunder:user:1379233","role":"founder","name":"Andrei Tristan Evulet","title":"CEO/CTO/Co-Founder","bio":"Aerospace engineer and inventor w/30+ years experience. Former GE Tech Lead \u0026amp; Systems Engineer for the revolutionary GE9X turbofan. Inventor with 100+ patents. Rutgers University PhD in Mechanical and Aerospace Engineering.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1509331/square_blob.jpg?1772508961","profile_url":"https://wefunder.com/andreitristanevulet","linkedin_url":"https://www.linkedin.com/in/andrei-evulet-119a8716/","twitter_url":"https://x.com/Jetoptera","related_urls":["https://wefunder.com/andreitristanevulet"]},{"id":1509299,"entity_id":"wefunder:company_role:1509299","user_entity_id":"wefunder:user:1387033","role":"founder","name":"Simina Farcasiu","title":"CFO and Co-Founder","bio":"3x Founder \u0026amp; Entrepreneur. Co-founded hedge fund with peak AUM of $1.4B. Former Belstar Management Company CIO \u0026amp; Merrill Lynch Managing Director. CEO and Founder Lower48 Analytics. Princeton AB. University of London PhD.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1509299/square_blob.jpg?1775062142","profile_url":"https://wefunder.com/siminafarcasiu2","linkedin_url":"https://www.linkedin.com/in/simina-farcasiu-93a6988/","related_urls":["https://wefunder.com/siminafarcasiu2"]},{"id":1509334,"entity_id":"wefunder:company_role:1509334","user_entity_id":"wefunder:user:1387050","role":"employee","name":"Todd E Newton","title":"Vice President of Business Development","bio":"LtCol, U.S. Marine Corps. 27-years of experience in aerospace, defense aerospace \u0026amp; business development at UTC Aerospace Systems; Textron Systems; ISR\u0026amp;T; L3Harris WESCAM; and UAS (total system development \u0026amp; production). Oregon State University BA.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1509334/square_blob.jpg?1772508961","profile_url":"https://wefunder.com/toddenewton","linkedin_url":"https://www.linkedin.com/in/todd-newton-07008428","related_urls":["https://wefunder.com/toddenewton"]},{"id":1509338,"entity_id":"wefunder:company_role:1509338","user_entity_id":"wefunder:user:1379235","role":"founder","name":"Denis Dancanet","title":"Chairman of the Board of Directors and Co-Founder","bio":"Hedge fund exec \u0026amp; private pilot. President of Cubist Systematic Strategies ($17B AUM investment arm of Point72 Asset Management). Former Partner at PDT Partners. Morgan Stanley Managing Director. UPenn BA. Carnegie Mellon PhD in Computer Science.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1509338/square_blob.jpg?1772508961","profile_url":"https://wefunder.com/denisdancanet","linkedin_url":"https://www.linkedin.com/in/denis-dancanet-49094819a/","related_urls":["https://wefunder.com/denisdancanet"]}],"featured_investors":[{"id":5929,"entity_id":"wefunder:company_investor_profile:5929","investor_profile_id":987150,"investor_profile_entity_id":"wefunder:investor_profile:987150","subject_entity_id":"wefunder:user:1460250","name":"Erik Meyer","role_title":"","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/1460250/medium_cropped_300523-2.308_ret.jpg","profile_url":"https://wefunder.com/erikmeyer","endorsement_quote":"I am increasing my investment in Jetoptera! I have been following your updates and am very impressed with the steady progress towards commercial revenue. You have been maturing your FPSTM technology with non-dilutive Department of Defense funding and teaming with industry heavyweights. Your technological progress for military applications will support your civilian offering – including efficient FPSTM/wing integration, double-digit lift coefficients, adaptability to High Speed VTOL, scale-up to twelve thousand pounds+, and low manufacturing costs. In parallel you are continuing to grow your impressive patent portfolio.","endorsement_name":"","investment_total":125000,"investment_info":"Invested $25,000 this round \u0026 $100,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/erikmeyer"]}],"investor_memos":[],"tab_counts":{"posts":13,"ask_questions":177,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":150205,"entity_id":"wefunder:fundraise:150205","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":2000000.0,"minimum_target":"50004.16","maximum_target":"2000000.0"},{"id":150204,"entity_id":"wefunder:fundraise:150204","state":"open","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50004.16","maximum_target":"2000000.0","funding_started_at":"2025-10-30T20:04:43Z","funding_closed_at":"2026-09-01T03:59:59Z"},{"id":82996,"entity_id":"wefunder:fundraise:82996","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"custom","security_type":"custom","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50004.16,"funding_started_at":"2023-08-29T16:41:03Z","funding_closed_at":"2024-04-12T04:00:35Z","auto_close_at":"2024-04-12T03:59:59Z"},{"id":82997,"entity_id":"wefunder:fundraise:82997","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"custom","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2023-04-05T13:47:56Z"},{"id":61447,"entity_id":"wefunder:fundraise:61447","state":"successful","offering_type":"506(c)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":4822608.4,"minimum_target":"50004.16","maximum_target":"4822608.4","funding_started_at":"2022-03-28T17:09:47Z","funding_closed_at":"2022-03-28T17:09:47Z"},{"id":43162,"entity_id":"wefunder:fundraise:43162","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":4822608.4,"minimum_target":"50004.16","maximum_target":"4822608.4","funding_started_at":"2021-08-19T19:09:15Z","funding_closed_at":"2022-03-01T05:02:41Z","auto_close_at":"2022-03-01T04:59:59Z"},{"id":43169,"entity_id":"wefunder:fundraise:43169","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":4822608.4,"minimum_target":"50004.16","maximum_target":"4822608.4","funding_started_at":"2021-05-12T15:20:25Z"}],"latest_fundraise":{"id":150205,"entity_id":"wefunder:fundraise:150205","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":"$121.2M","nb":"$128.5M","txt":"pre-money valuation"}},"recent_posts":[{"id":171985,"entity_id":"wefunder:feed_item:171985","type":"FeedItem::Update","visibility":"public","title":"Taking flight ✈️ We’re a most-raised campaign!","preview":"Jetoptera is “trending” as one of the most-raised campaigns on Wefunder last week. In addition, with the first parts of our development with EANAN underway our commercial traction is picking up speed!Your investment has been instrumental in getting us to this stage. By supporting our vision to reimagine flight, you’ve enabled us to push the boundaries of what's possible in aviation. Now, we're a stronger company than when we opened this round, and all the more committed to accelerating our ef...","published_at":"2024-03-27T21:23:09Z","author_name":"Simina Farcasiu","url":"/feed/171985","canonical_url":"https://wefunder.com/feed/171985"},{"id":171793,"entity_id":"wefunder:feed_item:171793","type":"FeedItem::Update","visibility":"public","title":"Join our final investor webinar! And we’re “trending” ✈️","preview":"This past week has been phenomenal. We've gained rapid momentum since announcing the closing of our community investment round, and thanks to your support, we're \"trending\" on Wefunder!With many new investors and followers joining us, we want to extend a warm welcome to each of you. We also wanted to give everyone one more chance to get to know us and ask any questions you have about Jetoptera in a final investor webinar - one last hurrah before closing the round!The details:When: April 3 at ...","published_at":"2024-03-20T22:49:28Z","author_name":"Simina Farcasiu","url":"/feed/171793","canonical_url":"https://wefunder.com/feed/171793"},{"id":171528,"entity_id":"wefunder:feed_item:171528","type":"FeedItem::Update","visibility":"public","title":"Round Update: CLOSING SOON!","preview":"We’re in awe of the support we’ve received since launching our community investment round on Wefunder. Your enthusiasm has exceeded our wildest expectations. Although we wish we could keep the round open longer, some good things must come to an end.Here’s a quick recap of our journey together:670+ investors have joined us, sharing our vision to redefine the future of flightRaised $1.6M, fueling our next phase of growthWe’re achieved some incredible milestones since opening the round:Formed a ...","published_at":"2024-03-14T21:19:23Z","author_name":"Simina Farcasiu","url":"/feed/171528","canonical_url":"https://wefunder.com/feed/171528"},{"id":171449,"entity_id":"wefunder:feed_item:171449","type":"FeedItem::Update","visibility":"public","title":"We’re featured in “Where is my flying car?”!","preview":"eVTOL has been a hot topic in the aviation sector, and we’ve discussed battery limitations extensively.“Where is my flying car?”, a newsletter with 14K subscribers, asks “What if eVTOL is Betamax to VHS, if that were the case what’s the VHS flying car version in the cautionary tale? Is the sunk cost fallacy holding us back again?” The newsletter features Jetoptera’s technology as a solution with “no blades and no battery” that can “can operate like a helicopter but without the noise. They can...","published_at":"2024-03-12T15:21:48Z","author_name":"Simina Farcasiu","url":"/feed/171449","canonical_url":"https://wefunder.com/feed/171449"},{"id":171361,"entity_id":"wefunder:feed_item:171361","type":"FeedItem::Update","visibility":"public","title":"Highlights from Verticon 2024","preview":"Last week, our CFO and Co-Founder, Simina Farcasiu, along with our VP of Business Development, Todd Newton, proudly represented Jetoptera at Verticon 2024 in Anaheim, California!Verticon is the premier event of Vertical Aviation International (formerly Helicopter Association International), attracting helicopter \u0026 VTOL suppliers, operators, enthusiasts, innovators, and industry leaders dedicated to transforming the advanced air mobility industry.During the event, Simina and Todd met with deca...","published_at":"2024-03-07T13:20:44Z","author_name":"Simina Farcasiu","url":"/feed/171361","canonical_url":"https://wefunder.com/feed/171361"},{"id":171163,"entity_id":"wefunder:feed_item:171163","type":"FeedItem::Update","visibility":"public","title":"We’ve raised over $1,500,000! 🎉","preview":"We’ve officially raised over $1,500,000! Over 690 investors have invested or increased their investment in Jetoptera. THANK YOU! We're absolutely thrilled to have each and every one of you on board.We launched Jetoptera with a vision to revolutionize aerial mobility by developing aircraft that are more efficient, quieter, and safer than those flying in the skies today. Our success to date would not have been possible without your support and the passion you share for our mission. Whether it’s...","published_at":"2024-02-28T17:45:59Z","author_name":"Simina Farcasiu","url":"/feed/171163","canonical_url":"https://wefunder.com/feed/171163"},{"id":170528,"entity_id":"wefunder:feed_item:170528","type":"FeedItem::Update","visibility":"public","title":"The soaring use of business jets","preview":"A recent Wall Street Journal article highlighted the notable rise of corporate jet usage for personal travel by executives, representing a significant market opportunity for Jetoptera. According to the article written by Theo Francis and Stephanie Stamm, S\u0026P 500 companies increased their investment in corporate jets to $65 million in 2022, a marked 50% increase from pre-pandemic levels. The number of companies offering this luxury perk is also up 14% since 2019 to 216, and the number of execu...","published_at":"2024-02-07T17:23:29Z","author_name":"Simina Farcasiu","url":"/feed/170528","canonical_url":"https://wefunder.com/feed/170528"},{"id":170417,"entity_id":"wefunder:feed_item:170417","type":"FeedItem::Update","visibility":"public","title":"What sets Jetoptera apart from Joby \u0026amp; others?","preview":"Some investors have asked us how Jetoptera stands apart from competitors, particularly Joby Aviation, in the rapidly evolving aviation sector.\u0026nbsp;Joby is a public company with an equity capitalization of $4 billion. Estimated 2023 revenue is $1.3 million (Bloomberg). Jetoptera’s 2023 estimated revenue is $2.1 million. Of course, what matters is the future revenue trajectory and market scope for both companies.Started in 2013, Joby has had remarkable success in raising money and building a w...","published_at":"2024-01-31T23:46:43Z","author_name":"Simina Farcasiu","url":"/feed/170417","canonical_url":"https://wefunder.com/feed/170417"},{"id":168655,"entity_id":"wefunder:feed_item:168655","type":"FeedItem::Update","visibility":"public","title":"A Market Ready for Takeoff","preview":"The Economist recently spotlighted the tremendous potential of urban air mobility, making a compelling case for investing in this technology.\u0026nbsp;In an article titled \"Flying taxis could soon be a booming business,\" the publication emphasized the growing demand for electric vertical take-off and landing (eVTOL) technology. Along these lines, if Morgan Stanley's projections hold true, global spending on VTOL technology could reach $1 trillion by 2040.Major cities are taking significant stride...","published_at":"2023-11-16T17:34:26Z","author_name":"Simina Farcasiu","url":"/feed/168655","canonical_url":"https://wefunder.com/feed/168655"},{"id":168626,"entity_id":"wefunder:feed_item:168626","type":"FeedItem::Update","visibility":"public","title":"Join us for an Investor Webinar 💻","preview":"In just weeks, Jetoptera has raised nearly $1,250,000 on Wefunder! Last week, we were named the #2 most raised campaign on the platform. We’re continuing to gain momentum, and we are thankful for your enthusiasm and participation.You’re invited to join us for an investor webinar on November 30th to celebrate these milestones and hear what we’ve been up to. For our new investors and followers, this is your chance to get to know us and ask your questions live. For those who have been with us fo...","published_at":"2023-11-15T17:23:14Z","author_name":"Simina Farcasiu","url":"/feed/168626","canonical_url":"https://wefunder.com/feed/168626"},{"id":148394,"entity_id":"wefunder:feed_item:148394","type":"FeedItem::Update","visibility":"public","title":"Andrei joins Supertrends as their Aviation Expert!","preview":"We're thrilled to announce that Andrei has been invited by Supertrends.com to be their aviation expert! This move underscores the significant influence he has in the aerospace industry and reaffirms Jetoptera’s position at the forefront of aerospace innovation.\u0026nbsp;Supertrends.com, founded by serial entrepreneur and best-selling author Lars Tvede, is a knowledge platform that maps, tracks, predicts, and analyzes global trends and innovations. The platform aims to help forward-thinking invest...","published_at":"2023-10-25T16:13:31Z","author_name":"Simina Farcasiu","url":"/feed/148394","canonical_url":"https://wefunder.com/feed/148394"},{"id":148393,"entity_id":"wefunder:feed_item:148393","type":"FeedItem::Update","visibility":"public","title":"Jetoptera in the news!","preview":"https://finance.yahoo.com/news/usaf-awards-jetoptera-direct-phase-040000886.html","published_at":"2021-09-07T14:25:36Z","author_name":"Simina Farcasiu","url":"/feed/148393","canonical_url":"https://wefunder.com/feed/148393"},{"id":145100,"entity_id":"wefunder:feed_item:145100","type":"FeedItem::Update","visibility":"public","title":"Pilots seem to like us!","preview":"These pilots love Jetoptera! A new video just posted with some flattering opinions about our technology","published_at":"2021-05-18T20:11:50Z","author_name":"Simina Farcasiu","url":"/feed/145100","canonical_url":"https://wefunder.com/feed/145100"}],"q_and_a":[{"id":149054,"entity_id":"wefunder:comment:149054","question":"Hi Andrei, thanks for the information. I look forward to the updates on Jetoptera as you and your team accomplish it’s objectives.","author_name":"Gary Harper","votes":11,"created_at":"2021-05-15T03:17:14Z","canonical_url":"https://wefunder.com/jetoptera#question-149054","answers":[{"id":149108,"entity_id":"wefunder:comment:149108","answer":"You are welcome, Gary - we will keep you posted!","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2021-05-15T16:47:30Z"}]},{"id":160183,"entity_id":"wefunder:comment:160183","question":"Hello, given that one potential market you identified is intra-city urban air mobility (air-taxis), my question regards close urban area use. Have you tested your models operational capacity in enclosed/tight areas, as opposed to open fields as shown in your video posted? Am concerned that issues like \"settling with power\", downdraft, uplift, etc, may affect. (That is, unless you really have created a real world version of The Dark Knight's \"Bat\"?) But also, there's only one solo \"Bat\" (flying around), so have you tested airflows and operability when groups of operating \"taxis\" are/will be clustered together? Thank you.","author_name":"Kim San LEE","votes":10,"created_at":"2021-07-28T11:17:48Z","canonical_url":"https://wefunder.com/jetoptera#question-160183","answers":[{"id":161218,"entity_id":"wefunder:comment:161218","answer":"Hello Kim - Thank you- all great questions!. We have not yet looked at formation or tight spaces VTOL but we now have significant experimental data to calibrate our models. We are focusing first on open spaces and VTOL with regional, inter-city and airport to airport + airport to suburbs operations, markets currently served by helicopters, light and medium sized. Our landing zone will be less than 40% of that of a equivalent helicopter and our use of FPS with the flaps and wings allows excellent, smooth controls of the attitude, as experimental data suggests. Adding clusters of air taxis will be straightforward to analyze and figure out. We also think that getting certified to fly in closed spaces will be tougher and more of a first responder niche of the market.","author_name":"Andrei Tristan Evulet","votes":7,"created_at":"2021-08-03T16:41:57Z"}]},{"id":276141,"entity_id":"wefunder:comment:276141","question":"Andrei, could you comment on the recent announcement by Joby of their a deal with Dubai that gives Joby the exclusive right to operate air taxis there for six years? Initial operations are planned for 2025. The deal provides them with infrastructure for operations. Do you think they will receive the necessary certifications for safe flight? Will the agreement to operate \"air taxis\" exclusively interfere with Jetoptera operating other categories of air travel in Dubai? In other words, are they shutting you out from manned flight with this deal? It looks like they are poised to make 10 minute hops from the airport. It's still a big deal if they pull it off. It's a frightful looking thing. Short interest in the stock is quite high, so informed investors are not drinking the kool aid. Nick","author_name":"Nicholas Kouros","votes":9,"created_at":"2024-02-13T20:14:30Z","canonical_url":"https://wefunder.com/jetoptera#question-276141","answers":[{"id":276212,"entity_id":"wefunder:comment:276212","answer":"hi Nick - We like Dubai’s openness to VTOL and will watch this development with interest. Joby’s aircraft will either work or not; in our opinion the aircraft is very limited in range (7-10 times shorter than our technology) even for the advertised 10 min ride from Dubai International to Palm Jumeirah and back. For a distance of only 20 km in straight line and over the city there is very little chance to minimize power consumption as Joby’s aircraft will operate more as a helicopter than a plane, i.e. very inefficiently. The advertised 10-minute ride doesn’t allow optimal cruise conditions (we wonder if reaching 100 mph is even possible given the mission) on these routes that in fact take 25 minutes by car for a distance of only 30 km on the road. Due to limitations on battery technology this remains extremely challenging to make sustainable and without any reserves. We shared our safety-related concerns in our prior update. We have doubts about the timeline to introduction as well, as Volocopter and eHang stated very similar ambitions in 2017. We are looking forward to executing in our plan for useful UAVs based on our J-500 technology and going on to demonstrate the capabilities of the J-2000 and J-4000 for manned flight. We believe there are significant opportunities for aircraft with our projected range and payload, which are considerably bigger than for eVTOL craft, so there is no way to “shut us out” of that space.","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2024-02-14T14:29:14Z"}]},{"id":160712,"entity_id":"wefunder:comment:160712","question":"Hello, Wefunder page shows a $2m goal. Is this the total amount you're trying to raise, or the \"first goal\" amount for early bird terms? You answered a prior question on early bird that Wefunder page is/should be showing warrants for 2x invested amount -- but there's still no update there. What is your quota/cut off for early bird terms? Or is it that everyone who invests up to the $2/$10 million goal will be eligible for 2x warrants?","author_name":"Kim San LEE","votes":9,"created_at":"2021-07-31T16:31:59Z","canonical_url":"https://wefunder.com/jetoptera#question-160712","answers":[{"id":161212,"entity_id":"wefunder:comment:161212","answer":"Hi Kim- Our $2mm goal is the amount we are trying to raise. The early bird terms (2x warrants) are for the first $100k that closes. The Wefunder page is not quite configured properly yet; they are working on it.","author_name":"Simina Farcasiu","votes":7,"created_at":"2021-08-03T16:36:26Z"}]},{"id":149214,"entity_id":"wefunder:comment:149214","question":"Looks interesting. Confused by the platform ... don't see any financials, cap table, etc. Where do I find these?Thanks","author_name":"Sev Onyshkevych","votes":9,"created_at":"2021-05-16T20:24:16Z","canonical_url":"https://wefunder.com/jetoptera#question-149214","answers":[{"id":149283,"entity_id":"wefunder:comment:149283","answer":"Sev- we have not yet filed form C for this offering. Our latest C-AR submission can be found here https://www.sec.gov/Archives/edgar/data/1708246/000121390021023953/0001213900-21-023953-index.htm","author_name":"Simina Farcasiu","votes":6,"created_at":"2021-05-17T13:15:53Z"},{"id":262235,"entity_id":"wefunder:comment:262235","answer":"update- Sev- we have now filed form C with audited financials.","author_name":"Simina Farcasiu","votes":4,"created_at":"2023-09-14T20:54:24Z"}]},{"id":184601,"entity_id":"wefunder:comment:184601","question":"Hello Andrei. Have a limited knowledge in fluid dynamics and jet propulsion I don't believe there is any way an induction fan can generate the required thrust that your design would require. I saw your videos that came out about 2 or 3 years ago. Then you went dark. What has change since then. Ty.","author_name":"Hobson Black","votes":8,"created_at":"2021-12-20T19:47:13Z","canonical_url":"https://wefunder.com/jetoptera#question-184601","answers":[{"id":184728,"entity_id":"wefunder:comment:184728","answer":"Hi Hobson. Thanks for your note. We have actual flight tests and data that prove that we can generate the thrust required by our design. Part of the beauty and innovation of our FPS system is thrust augmentation. We share much of that on our website, but not all. Here’s why. We are obtaining patents on all our critical patentable technology but we also carefully protect all our trade secrets where patent protection is not available. So, in some cases, we simply cannot show any material (video or other). We did keep some key developments quiet, flying under the radar for a while between 2015 and 2018, published some limited videos in 2018 and have since perfected our performance quite a bit and had several awards (there are a dozen exciting announcements on our news webpage between 2019 and today). To-date, our experimental data gives us excellent confidence we will generate propulsion systems enough to support at least 20,000 lbs VTOL aircraft and at least 50,000 lbs for conventional take-off and landing aircraft, not to mention other adjacent, very exciting applications of our tech in existing and developing markets. Obviously, we don't publish all we do and never will ;-) what we can publish, we share. (Speaking of which, two VERY exciting announcements coming up over the next few weeks, so stay tuned.)","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2021-12-21T23:03:02Z"}]},{"id":183793,"entity_id":"wefunder:comment:183793","question":"Cities/ current human habitats are not designed for flying cars, i.e. how do you intend to tackle the lack of infrastruction that supports flying cars in bulk amount?","author_name":"Jalal Matar","votes":8,"created_at":"2021-12-15T16:14:42Z","canonical_url":"https://wefunder.com/jetoptera#question-183793","answers":[{"id":183873,"entity_id":"wefunder:comment:183873","answer":"Hi Jalal - our unique, patented technology is better in a number of categories: safety, noise, compactness and lack of exposed rotors and speed. All these elements are enabling us to land and take off vertically from places without infrastructure, the so called \"unprepared surfaces\". I agree with you that the cities infrastructure doesn't exist for multi-rotor propelled \"flying cars\", which really constitute 99% of the solutions offered by others. For Jetoptera, however, the advantage of our propulsion technology exists and it is real. While I agree that the cities may not offer the infrastructure needed for urban air taxis market right away, the Regional Air Mobility (RAM) transport market (up to 500 miles, one way) is very real and will become a reality long before the former. That type of infrastructure exists for regional air transport as described in a recent NASA study; they state that \"America is home to over 5,000 airports available for public use, yet only 30 of these airports serve over 70% of all travelers. Despite this vast network of airports, the majority are underutilized due to air transportation services that have trended towards consolidation by putting more people into fewer, larger aircraft on well-traveled routes.\" (https://ntrs.nasa.gov/citations/20210014033)","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2021-12-16T00:11:51Z"}]},{"id":180992,"entity_id":"wefunder:comment:180992","question":"Can you characterize the thrust to weight ratio of your system relative to rotary wing VTOL, fixed wing VTOL, and/or conventional fixed wing jet systems?","author_name":"Dan Maruyama","votes":8,"created_at":"2021-11-24T18:54:13Z","canonical_url":"https://wefunder.com/jetoptera#question-180992","answers":[{"id":180998,"entity_id":"wefunder:comment:180998","answer":"Hi Dan. Excellent question! because we use a turbo compressor, we are slightly better than any turboprop. First of all a turboprop requires a reduction gear which is extremely heavy and involves lubrication (so a sump, pump, cooler, etc.) and usually has a lot of moving gears. We don’t need that, we drive a compressor directly from the second shaft (or same shaft if a single shaft machine like an APU is used). All our anticipated turbines can provide the shaft RPM and power needed for FPS without the need of a gear! A centrifugal compressor is much lighter than a reduction gear and requires less lubrication. Examples include turbocharge compressors for instance. So we start at an advantage vs turboprop or turbo rotor (rotary wing). Second, we are operating our compressor at mild pressure ratios, so the entire conduit taking the compressed air to thrusters and the thrusters themselves can be made of ultralight material such as Aluminum alloys and in some cases, carbon reinforced polymers. Their weight is minuscule compared to the entire system. For piston driven propellers/rotors our weight for same thrust is half (50%). Remember that for a turbofan (what you call “fixed wing jet”) the turbofan’s second shaft assembly alone is 40% of the weight of the engine, plus casings, lubrication, etc. For us that ratio drops to 25% because of simplicity. So for up to 5000 LBF rated turbofans we anticipate a 30-35% less weight with FPS at same static thrust. When we use a recuperated turbine, these numbers are diluted by about 20% of weight, due to recuperator weight addition, but that will slash 30% of fuel consumption so it is worth it. We will still be lighter than anything else and our fuel consumption will be similar to piston engines’ level! It’s fair to say that we are the lightest and straightest path from energy to propulsion, except for turbojets.","author_name":"Andrei Tristan Evulet","votes":4,"created_at":"2021-11-24T19:19:10Z"}]},{"id":149055,"entity_id":"wefunder:comment:149055","question":"Having watched some videos of your test flights, I must say I am thoroughly amazed! Your prototypes flew so marvelously well! And they flew fast! And J55 flew almost vertically up in one part of the video - like a fighter jet. In your material, you mentioned that you want to be in propulsion business and not in airplane design/manufacturing business. Have any light airplane manufacturers shown interest in partnering with you and utilizing your propulsion system?","author_name":"John Hwung","votes":8,"created_at":"2021-05-15T03:57:22Z","canonical_url":"https://wefunder.com/jetoptera#question-149055","answers":[{"id":149105,"entity_id":"wefunder:comment:149105","answer":"Hi John, for the past six years we have tested the airframe in various conditions from wind tunnel to low and high speed flight and maneuvers you would never see other aircraft do... and we are very happy with its performance. We want to do both, our complete solution (J-series and other platforms involving airframe well integrated with FPS) but we are going to offer others our propulsion system for retrofits or for new aircraft. Yes, we have been contacted by quite a few very well established - leaders in light airplane manufacturing - to discuss retrofits and alternatives to get rid of propellers. We've actually been approached by many and not all from the General Aviation sector. The potential is massive!","author_name":"Andrei Tristan Evulet","votes":11,"created_at":"2021-05-15T16:45:14Z"}]},{"id":149014,"entity_id":"wefunder:comment:149014","question":"Can you please explain the valuation?","author_name":"Tal Charnes","votes":8,"created_at":"2021-05-14T20:17:07Z","canonical_url":"https://wefunder.com/jetoptera#question-149014","answers":[{"id":149029,"entity_id":"wefunder:comment:149029","answer":"Tal, we will be filing our Form C with more detail but we believe the valuation is consistent with what we believe our revenue and growth prospects to be. In general, I would look at our future revenue assumptions (for example slides 13-15 in the deck) and apply a market multiple - bracketing us between a Boeing (2.4x enterprise value to sales) and a Tesla (11.5x enterprise value to sales). The multiple itself should be relatable to company growth prospects. Then discount back from, or rather take a fraction of, that revenue-based future value to get a valuation today.","author_name":"Simina Farcasiu","votes":4,"created_at":"2021-05-14T21:41:00Z"}]},{"id":279490,"entity_id":"wefunder:comment:279490","question":"Andrei, could you share with us any highlights or milestones met from your Preliminary Design Review of the FPS? Also, in your test flights of the airframe, as well as the MatLab simulations, is the weight of the turbocompressor, as distributed in the frame, accounted for? Given this final opportunity to increase investment, in the absence of an actual demo flight with FPS, I would be encouraged by additional information. Thank you.","author_name":"Nicholas Kouros","votes":7,"created_at":"2024-03-23T01:24:52Z","canonical_url":"https://wefunder.com/jetoptera#question-279490","answers":[{"id":280070,"entity_id":"wefunder:comment:280070","answer":"Hi Nicholas Our awesome team and approach resulted in a successful FPS PDR which has provided clear solutions for what may well be the lightest possible VTOL propulsor - we are looking at around less than 35% of the maximum weight of the aircraft (a hybrid electric cargo VTOL competitor is at about 55% weight of propulsion to their maximum weight, according to our estimates). This shows the exceptional power density of the turboshaft engines we are developing - we can put more payload and fuel onboard. We are working with an aviation powerhouse company that has been in the news recently with several unique aircraft built and flown in record time (details coming up soon!) Some highlights: we have a very clear path forward to the integration of the turbocompressors into well designed, pneumatic distribution system, with the smallest possible losses across the conduits; a validated core turbine engine at the intended power, which was fired for over 100 hours, and a validated (calibrated with experimental data from the wind tunnel) CFD of the FPS. When we do Matlab simulations we account for all the weights and including the fuel consumption, which needs to be included for the range calculation (battery powered eVTOLs stay at constant weight). We have a very clear definition of all the groups - and their weights are accounted for and there are opportunities to further reduce the weight. The FPS system will be tested and validated first after the Critical Design Review, which is coming up fast (in about 1 month).","author_name":"Andrei Tristan Evulet","votes":5,"created_at":"2024-03-29T15:40:35Z"}]},{"id":179759,"entity_id":"wefunder:comment:179759","question":"Hi, When I look at the topic Energy Density on your website it's obvious that the current Li-ion batteries are far too heavy for these lightweight devices, so jetfuel will have to do the job for now. Is a hydrogen fuel cell a possible green alternative? Any other possibilities?","author_name":"Olivier Wullen","votes":7,"created_at":"2021-11-17T20:26:56Z","canonical_url":"https://wefunder.com/jetoptera#question-179759","answers":[{"id":179824,"entity_id":"wefunder:comment:179824","answer":"Hello Olivier. Great observation and great question! The quickest thing to become greener is the introduction of SAF - and this will happen on a massive scale for Aviation over the next decade, so the good news is infrastructure will be ready and its price will come down. We are also planning to use recuperated gas turbines for reducing up to 30% of the fuel consumption- conversely cutting emissions as well. We would love to use a fuel cell that can drive our electric compressor and reduce emissions as well but the fundamental, physics-based reality is that fuel cells scale up by surface (so their volume will be too large to accomodate on an aircraft, as compared to a turbine which scales by volume, not surface); if, say, you need a 1MW powerplant to lift a VTOL aircraft, such a fuel cell would be simply too large to accomodate onboard, not to mention the issues related to maintenance, etc. the other issue is hydrogen storage- it would be a massive volume increase and make the entire system less feasible. I encourage you to check out the size of a 1MW fuel cell and its mass- for a ground based powergeneration unit. It is the size of a small building! Companies who promote these fuel cell systems for Aviation Propulsion systems, have a very tough road ahead, I have seen the challenges first hand while working at a large OEM R\u0026amp;D center, where fuel cells were “going to be the future (ground based, not even flying!)”; the quickest path from fuel to thrust is really our FPS powered by a turbo-compressor. Another better option is to burn H2 in a turbine to drive a compressor. I’ve done it before - very doable and carbon free, provided the hydrogen fuel is cheaply produced.","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2021-11-18T02:00:29Z"}]},{"id":150496,"entity_id":"wefunder:comment:150496","question":"Hi Andrei, I know that materials that are light-weight, strong and heat-resistant are very important in aeronautics industry and also to your company. Have you heard of a company called BNNano (https://www.bnnano.com/)? Their Boron Nitride NanoBarb™ can enhance strength and heat-resistance of materials including aluminum, copper, steel, polymer, etc. They were awarded in 2020 a Cooperative Research and Development Agreement (CRADA) with US Naval Postgraduate School. I know you and your team are busy with your timeline and roadmap, but when you have some time in your busy schedule, you may want to take a look at this company. This is for the future, but could be of interest to you. -John Hwung","author_name":"John Hwung","votes":7,"created_at":"2021-05-24T12:10:12Z","canonical_url":"https://wefunder.com/jetoptera#question-150496","answers":[{"id":150608,"entity_id":"wefunder:comment:150608","answer":"Thanks for the tip, John, will take a look at it. -Andrei","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2021-05-24T22:53:59Z"}]},{"id":148671,"entity_id":"wefunder:comment:148671","question":"Hi. I see you did an equity crowdfunding on Microventures in February last year. What valuation was that based on? Thank you.","author_name":"Hale Inanoglu","votes":7,"created_at":"2021-05-13T12:52:40Z","canonical_url":"https://wefunder.com/jetoptera#question-148671","answers":[{"id":148773,"entity_id":"wefunder:comment:148773","answer":"Hale, we will disclose that in our filing. It was a convertible structure with a relatively small raise","author_name":"Simina Farcasiu","votes":6,"created_at":"2021-05-13T20:49:40Z"}]},{"id":280117,"entity_id":"wefunder:comment:280117","question":"Andrei, thank you (again as usual) for your thoughtful and thorough reply to my questions. This is encouraging (and exciting) feedback. What is the CFD you refer to in your answer? Thanks again, Nick Kouros","author_name":"Nicholas Kouros","votes":6,"created_at":"2024-03-29T23:40:30Z","canonical_url":"https://wefunder.com/jetoptera#question-280117","answers":[{"id":280118,"entity_id":"wefunder:comment:280118","answer":"CFD=Computational Fluid Dynamics - ability to model the flow and predict thrust, flow fields, temperatures etc. Very useful as design or optimization tool!","author_name":"Andrei Tristan Evulet","votes":4,"created_at":"2024-03-29T23:54:09Z"}]},{"id":274833,"entity_id":"wefunder:comment:274833","question":"Do you anticipate a fully powered demo product revealed to the public this year? You had prototypes utilizing your propulsion system planned to be flown for military last year. If you cannot show that yet, how about a model for the new drone project?","author_name":"Nicholas Kouros","votes":6,"created_at":"2024-01-27T02:35:14Z","canonical_url":"https://wefunder.com/jetoptera#question-274833","answers":[{"id":274872,"entity_id":"wefunder:comment:274872","answer":"Indeed, the J-500 prototype (with EANAN) is planned for maiden flight in Q4 of 2024 in Dubai.","author_name":"Andrei Tristan Evulet","votes":7,"created_at":"2024-01-27T19:52:57Z"}]},{"id":252908,"entity_id":"wefunder:comment:252908","question":"Thank you Andrei for the detailed and very informative response. I am glad I asked! This is all very good to know about.","author_name":"Nicholas Kouros","votes":6,"created_at":"2023-07-05T22:56:57Z","canonical_url":"https://wefunder.com/jetoptera#question-252908","answers":[{"id":252911,"entity_id":"wefunder:comment:252911","answer":"Anytime, Nicholas!","author_name":"Andrei Tristan Evulet","votes":2,"created_at":"2023-07-05T23:13:05Z"}]},{"id":186063,"entity_id":"wefunder:comment:186063","question":"Hello, just a couple of points of clarification please; sorry if questions are stupid, am a layperson: I think I read somewhere in these q\u0026amp;a that this tech cannot be/will never be able to be applied to large planes like passenger/cargo jets? Is this correct? Sorry for my denseness, but what is the largest size aircraft that can use FPS then? Will it always just be limited to commercial/private air-taxi type services (4-6pax) and/or shorter-range small-capacity military use? Concomitantly, if I also read/understand correctly that hydrogen fuel cells are/will not be viable for use with FPS, then you will be limited to either battery electric or traditional fuels/SAF, is this correct? I ask because I was under the impression that with hydrogen (weightwise), longer travel distances are possible. Thank you.","author_name":"Kim San LEE","votes":6,"created_at":"2022-01-04T11:07:45Z","canonical_url":"https://wefunder.com/jetoptera#question-186063","answers":[{"id":186138,"entity_id":"wefunder:comment:186138","answer":"Hi Kim, thanks for the questions. The answers are as following: we have a very high confidence we can scale up to Vertical Take-Off and Landing (VTOL) planes up to 20,000 lbs and more; we have high level of confidence we can scale up to larger planes (say, 50,000 lbs) with conventional take off and landing (CTOL); more may be possible in both cases but we need to take it one step at a time. A 50,000 turboprop of ATR72 size can transport 16,500 lbs cargo or 70 pax (see bit.ly/3qS6HGG); so FPS will not be limited only to commercial/private taxi but it is applicable to both VTOL and CTOL- world, except that once you want to take off vertically you spend more energy and thrust to fight gravity, whereas a CTOL like a commercial aircraft uses the wings to fight gravity (i.e. to produce lift) and it needs less thrust; Jetoptera is unique in that we combine the FPS and the wings to generate more lift together than a combination of wing and conventional or legacy propulsor. As far as hydrogen fuel cells - of course we could use them as well, we are truly indifferent to the means of how the air compressor will be turned to pump air to our FPS. It could be electric motor powered by battery or a fuel cell; it could be turned by a gas turbine (turboshaft) compressor powered by SAF or hydrogen or jet fuel. We are truly agnostic to where that source is, but keep in mind that the implications on the aircraft as a whole are very significant, and nothing can beat a jet fuel (or SAF) powered gas turbine turning a compressor that feeds the FPS- in terms of weight, compactness, performance, scalability, and so on. We don't want to spend time developing a fuel cell when we know a fuel cell occupies 10x more space on an aircraft than a similar power turbine. Hydrogen storage is also something we don't want to spend time developing - because it will impact the aircraft significantly by making it more voluminous not to mention the hydrogen infrastructure doesn't exist- yet. What we are saying is that we will work with whoever comes up with a better-than-a-turbine+jet fuel manufacturer be it fuel cells, hydrogen storage, battery, if indeed they prove to be better and sustainable. So far, they are not.","author_name":"Andrei Tristan Evulet","votes":6,"created_at":"2022-01-05T01:00:48Z"}]},{"id":278920,"entity_id":"wefunder:comment:278920","question":"Re: closing soon, do you have a target date? Is this your final public round before taking private investment? Thank you","author_name":"Nicholas Kouros","votes":5,"created_at":"2024-03-17T23:10:13Z","canonical_url":"https://wefunder.com/jetoptera#question-278920","answers":[{"id":278921,"entity_id":"wefunder:comment:278921","answer":"Hi Nicholas- thank you for the question. The closing date is April 11, 2024.","author_name":"Simina Farcasiu","votes":2,"created_at":"2024-03-17T23:13:14Z"}]},{"id":278774,"entity_id":"wefunder:comment:278774","question":"I'd love to invest but unable to do so at the current valuation. What's driving such a high valuation for something so nascent? What is the timeline to achieve $100mm annual revenue?","author_name":"Nicholas Bennett","votes":5,"created_at":"2024-03-15T18:08:54Z","canonical_url":"https://wefunder.com/jetoptera#question-278774","answers":[{"id":278776,"entity_id":"wefunder:comment:278776","answer":"Thank you for the question, Nicholas. To derive a valuation, we project (projection only, no guarantees) future revenue at a reasonable endpoint, for example 2030, and think about a reasonable enterprise value/revenue multiple for a company with our growth trajectory. If we project $2.7bn in revenue at end-2030 (see our deck), with a 10x multiple (reasonable multiple for a high-growth company), we are looking at $27bn enterprise value - so 21x return over 6 years (net of interim dilution effects from interim raises, of course). For benchmarking future multiple, TSLA, which is past its really high-growth phase, is at about 5x and an old boring company like RTX is at about 2x. Another data point is the current enterprise value of JOBY is $2.6bn TODAY, versus 2024 estimated revenue of $3mm per Bloomberg. I would submit that our technology and business case are superior.","author_name":"Simina Farcasiu","votes":3,"created_at":"2024-03-15T18:43:22Z"}]},{"id":275201,"entity_id":"wefunder:comment:275201","question":"I am very happy to be a part of this movement and relish in the thought of this technology as being a disrupter in air travel. I will reach out to you guys sometime in March to see if there is any opportunity to invest on a more singular level something $28 \u0026amp; 35K... unfortunately I have to wait until March but, hopefully I will get a chance at a third more substantial investment then. I asked a question about another startup on Wef. and am curious to know if you guys made contact or not and or your thoughts on their technology incorporated in your units. The company I mentioned to you back in November 2023 is Circle Optics \u0026amp; I sent you their info. Were you able to investigate and have a thought on them?","author_name":"Edward McIntyre","votes":5,"created_at":"2024-02-01T01:28:11Z","canonical_url":"https://wefunder.com/jetoptera#question-275201","answers":[{"id":275220,"entity_id":"wefunder:comment:275220","answer":"Hi Edward, thanks for your thoughts! We received your info but have not yet contacted Circle Optics- they certainly have an interesting team and technology. Since November ‘23 we have been busy with lots of work on the J-500 development, which is very fast paced. We will look into this at the right time, thanks!","author_name":"Andrei Tristan Evulet","votes":2,"created_at":"2024-02-01T12:59:04Z"}]},{"id":271035,"entity_id":"wefunder:comment:271035","question":"Hi Jetoptera team, in the event you are not aware of this Australian global 'Aerial Mobility' Vertiport early stage company, here is a link to their website fyi: https://skyportz.com/","author_name":"Dion N","votes":5,"created_at":"2023-12-08T12:48:05Z","canonical_url":"https://wefunder.com/jetoptera#question-271035","answers":[{"id":271189,"entity_id":"wefunder:comment:271189","answer":"Thanks for the tip!","author_name":"Andrei Tristan Evulet","votes":2,"created_at":"2023-12-10T19:46:09Z"}]},{"id":261504,"entity_id":"wefunder:comment:261504","question":"A few questions: (1) How many employees are currently at Jetoptera? (2) How do you intend increasing the emplyee count over the next two years? (3) What skills does the company need after one year, after two years from now? (4) Who will build the next VTOL (J-series) for piloted and unpiloted testing (will it be in-house or contracted out)? (5) Where will the funds come from for building the next vehicle?","author_name":"Gavin Rens","votes":5,"created_at":"2023-09-08T10:57:13Z","canonical_url":"https://wefunder.com/jetoptera#question-261504","answers":[{"id":261520,"entity_id":"wefunder:comment:261520","answer":"hi Gavin - great questions! see answers below: 1. The company employs 3 permanent employees and works with contractors and consultants as appropriate - depending on the size of projects. Previous contractors included Pratt \u0026amp; Whitney, Northrop Grumman, GE Aviation (now GE Aerospace), Scaled Composites and AeroTEC, among others. 2. Jetoptera had over 900 applications for 2 open positions over the past year. One of the reasons we are located in the Pacific NW is the proximity to larger aerospace corporations (Boeing, SpaceX, Blue Origin, other) and their manufacturing/engineering networks as well as some of the top Aerospace Engineering and CS educational institutions in the world (e.g. UW); with UW we had five projects and six interns during the past four years (this year we had 2 interns from UW and one from Penn.) The talent pool is extremely diverse and varies from new engineering graduates to very experienced aerospace and CS talent. 3. The way we work with consultants and contractors in the field of aerospace requires us to hire and grow talent with expertise in Engineering (Mechanical, Aerospace, Computer, Automation, Systems, Project, etc.) who need not only be able to be involved in the design but also work well with our aerospace contractors and consultants. Engineering and other interns over the past eight years have fulfilled tasks ranging from smaller projects such as logistics package delivery apps development using Jetoptera aircraft and flight dynamics of the J-2000 and Hedwig to marketing studies. 3. The FPS will be designed, manufactured and integrated in house; the specialized turbo compressor will be supplied by contractors (we have so far been working with GE, PW, Honeywell and smaller manufacturers like Jetcat and Spytek). As we execute on the plan, additional engineers and experts in Fluid Dynamics, Turbomachinery, Controls, Actuation, Additive Manufacturing, - namely Mechanical and Aerospace and CS Engineers will be hired. Systems Engineers and Project Managers will be involved in working with the contractors integrating the aircraft. 4. The shortest path to demonstrate the J-2000 is to work with a contractor who has the experience and infrastructure to build and fly our prototypes. We have worked on three different projects with two exceptionally qualified contractors in the past 2 years: Scaled Composites and AeroTEC, who also have the expertise needed for additional areas such as autonomy, for example. Others are also being considered for integration and flight demonstration. Our IP is protected by the portfolio of 91+ patents we have been granted (120+ pending). 5. The current raise is mainly dedicated to building the J-2000. Accumulated knowledge and data via experimental testing, simulations, wind tunnel tests, vetting by collaborators and contractors under DoD programs including SBIRs and STTRs and the HSVTOL Challenge, as well as Internal R\u0026amp;D, will all contribute to the buildup of J-2000 and reduce the Non-Recurring Engineering costs.","author_name":"Andrei Tristan Evulet","votes":4,"created_at":"2023-09-08T16:40:09Z"}]},{"id":148654,"entity_id":"wefunder:comment:148654","question":"Hi Andrei, I am new to this field. So, please excuse my somewhat dumb questions. 1) How does your system's fuel efficiency compare to Otto Celera 500L? (https://www.ottoaviation.com/celera-500l) 2) How does your system operate in bad weather conditions like rain, storm, thunder and snow? 3) What is the maximum altitude that your system can operate? 4) Is LiquidPiston engine (https://www.liquidpiston.com/) usable on your system and will you consider it when it is mature enough? Thank you! -John Hwung","author_name":"John Hwung","votes":5,"created_at":"2021-05-13T08:01:11Z","canonical_url":"https://wefunder.com/jetoptera#question-148654","answers":[{"id":148777,"entity_id":"wefunder:comment:148777","answer":"Hi John, these are all great questions; 1) long term we plan to use a recuperated turbine, see for example what the guys at Turbotech (https://www.turbotech-aero.com/solutions) do, or a high pressure ratio turbine like the CT7 from GE for larger systems; that means it will be almost as efficient as a piston engine (such as the Otto Celera's) BUT about 60% of an equivalent piston engine's weight (on power basis), and 5x the life. And remember, no propellers means 10-20 decibels quieter! 2) our system will not be affected by the weather, we have already dumped [a lot of] water in front of it and it works without problems, same for snow and atmospheric disturbances; our air from the compressor is heated via compression and will keep all surfaces above the freezing point so we have no icing or accruing issues; 3) we have only tested to a few thousand feet but if you base our system on an APU type of turbine like the ones used on a commercial jet (think a B737 or A320), those work up to 45,000 ft- so will we. 4) we are open minded but think the recuperated turbines are the future as they slash fuel consumption by at least 30% vs current turbines...I think someone refered to a piston engine as a \"self destructing device\"; the compressors we use require high speeds and piston engines are too heavy while their lifespan (1500 hrs between outages) too limited for VTOL applications- but we will keep an eye on everything that makes sense though!","author_name":"Andrei Tristan Evulet","votes":12,"created_at":"2021-05-13T21:09:21Z"}]},{"id":280344,"entity_id":"wefunder:comment:280344","question":"Hello, could you please provide an update on the total funding of the company? I am concerned about the adequacy of funding for the project. For instance, despite receiving $450 million from Boeing in 2022, Wisk Aero appears to still be in its initial stages of certification.","author_name":"Paramanaden MOONESAWMY","votes":4,"created_at":"2024-04-02T16:22:55Z","canonical_url":"https://wefunder.com/jetoptera#question-280344","answers":[{"id":280421,"entity_id":"wefunder:comment:280421","answer":"hello Paramanaden Our total funding is well described in our financial disclosure documents. Our certification plan relies on multiple elements that are very different from an \"autonomous eVTOL\" like Wisk Aero (which was founded in 2010). First, our propulsion system may be unique, but it is relying on proven, certified turbine engines that will be turned into turbocompressors. These engines have been for instance, certified for operating as a turboshaft or turboprop, and the small modification we intend to do is a small fraction of effort compared to the herculean challenges of certifying a brand new distributed electric propulsion system supporting a purely electric VTOL. Our plan is to partner with established aerospace certified turbine OEMs providing the turbocompressors, as they have dedicated certification teams well versed in the process of FAA or EASA certification for their engines. Second, ejectors have been flown before in Aviation. Arguably, the most successful development and flight campaign was the one led by deHavilland, in collaboration with NASA and Boeing, where a 40,000+ lbs C8-A \"Augmentor Wing Jet\" aircraft was powered by a vastly different type of ejector (that had a far less performance) than ours, but, nevertheless, very successfully flown. Albeit it was a STOL, not a VTOL aircraft, the thrust generated by their Augmentor (i.e. ejector system) was more than 5,000 lbf. Certification of an ejector system is straightforward; electric VTOLs’ with battery+electric motors+props, not so much. We are working on both unmanned cargo systems as well as manned aircraft - and we are continuing to work on both by choosing partners that have successfully certified, multiple aircraft in the commercial market. Our partnership with EANAN will also help with certification - One of our limiting factors until now has been accumulating flight hours towards certification, so this effectively removes that barrier. As we effect sales of the smaller cargo drones and propulsion systems for other applications, revenues will also be used towards certifying larger, manned or unmanned, systems.","author_name":"Andrei Tristan Evulet","votes":3,"created_at":"2024-04-03T15:01:49Z"}]}],"faq":[{"question":"Hi Andrei, I am new to this field. So, please excuse my somewhat dumb questions. 1) How does your system's fuel efficiency compare to Otto Celera 500L? (https://www.ottoaviation.com/celera-500l) 2) How does your system operate in bad weather conditions like rain, storm, thunde...","answer":"Hi John, these are all great questions; 1) long term we plan to use a recuperated turbine, see for example what the guys at Turbotech (https://www.turbotech-aero.com/solutions) do, or a high pressure ratio turbine like the CT7 from GE for larger systems; that means it will be almost as efficient as a piston engine (such as the Otto Celera's) BUT about 60% of an equivalent piston engine's weight (on power basis), and 5x the life. And remember, no propellers means 10-20 decibels quieter! 2) our..."},{"question":"Hi. I see you did an equity crowdfunding on Microventures in February last year. What valuation was that based on? Thank you.","answer":"Hale, we will disclose that in our filing. It was a convertible structure with a relatively small raise"},{"question":"Nice concept... What specifically are the early bird terms? Wefunder shows a 125M pre-money valuation with no reduction in valuation for early bird terms.","answer":"We will be offering warrant coverage - the right to invest up to an additional 2x your original amount on the same terms with a 3-year warrant life. Wefunder is working on a field to allow us to describe this."},{"question":"Hi Simina, thanks for the information on the early bird terms.","answer":"You are welcome"},{"question":"Does the company plan to sell these aircraft to the general public? If so, what training/licensing is anticipated to own and fly one of these aircraft? What are the anticipated purchase prices of the various aircraft? I think these aircraft are absolutely fascinating.","answer":"Hi Gary, yes we intend to offer them also as certified aircraft for General Aviation. As you probably noticed, one thing that distinguishes us from the competitors is that we have a risk abatement approach involving lots of unmanned flights before introducing the manned platforms - this will give us significant data to reduce risks and facilitate certification. In fact, we are one of the few UAM companies that will start with unmanned platforms and offer both unmanned (first) and manned. Our ..."}]}}}