MightyFly Awarded Air Force SBIR Phase II Contract, Receives Investment from Draper Associates

MightyFly, a U.S‑based autonomous car­go deliv­ery air­craft com­pa­ny, announced today (Novem­ber 2nd), it has been select­ed by AFWERX for a SBIR Phase II con­tract to the tune of USD1.25 mil­lion, reports a press release.

The con­tract focus­es on MightyFly’s Autonomous Load Mas­ter­ing Sys­tem (ALMS) which allows the hybrid car­go air­craft to load, unload and deliv­er prod­ucts autonomous­ly.

The release states, “The ALMS pro­vides automa­tion, effi­cien­cies and cost sav­ings to busi­ness­es and gov­ern­ments and enables MightyFly’s MF100 third-gen­er­a­tion air­craft to deliv­er point-to-point, same-day and expe­dit­ed deliv­ery ser­vices that are faster, more effi­cient, reli­able and eco­nom­i­cal than incum­bent express logis­tics ser­vices.” 

This ser­vice is ide­al for “logis­tics, sup­ply chain, man­u­fac­tur­ing, health­care, phar­ma­ceu­ti­cal, retail, auto­mo­tive and oil and gas indus­tries, for Nation­al and State parks, human­i­tar­i­an and dis­as­ter relief organ­i­sa­tions, and for defence and non-defence gov­ern­men­tal agen­cies.”

Man­al Habib, CEO of MightyFly, com­ment­ed, “To be cho­sen by AFWERX for this SBIR Phase II con­tract sig­ni­fies a vote of con­fi­dence in our mis­sion and tech­ni­cal exper­tise.” 

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Addi­tion­al­ly, the com­pa­ny announced today that in Sep­tem­ber, Drap­er Asso­ciates, a leader in ear­ly-stage ven­ture cap­i­tal for tech com­pa­nies, invest­ed in MightyFly. With this financ­ing round, the com­pa­ny “is advanc­ing the devel­op­ment of its autonomous car­go air­craft, to bring key capa­bil­i­ties to the expe­dit­ed deliv­ery mar­ket and boost the company’s go-to-mar­ket efforts.”

Tim Drap­er, Found­ing Part­ner of Drap­er Asso­ciates, enthused, “If you absolute­ly need some­thing deliv­ered right now, MightyFly can deliv­er it. I sus­pect MightyFly will save many lives, deliv­er impor­tant con­tracts, fix many vehi­cles and machines, and solve many prob­lems we haven’t even thought of yet. For short haul, medi­um loads, this com­pa­ny has your solu­tion.” 

The com­pa­ny is sched­uled to com­plete soon, the man­u­fac­tur­ing of its third-gen­er­a­tion MF100 air­craft. It aims to pub­licly debut the autonomous car­go air­craft, per­form­ing deliv­ery flight demon­stra­tions with 100 lbs of pay­load, in Michi­gan next year and is work­ing with part­ners for the plan­ning of Proof of Con­cept (POC) pro­grams in late 2024 and through­out 2025. 

For more infor­ma­tion

www.mightyfly.com

www.afwerx.com

(Top image: MightyFly)

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