Boston-based Top Flight Technologies Inc. has secured $1.75 million in seed funding to continue product development of its Hybrid Propulsion Engine and mid-class Airborg unmanned aerial vehicle (UAV) and to start a customer beta program.
The company provides extended flight, enhanced payload, hybrid-propulsion commercial UAV hardware and autopilot control products. The funding was led by John Frankel from ff Venture Capital, with participation by John Shaw from OA Fund LP, Tak Miyata from Scrum Ventures, Joi Ito from Neoteny Labs and several angel investors.
Launched in March 2014, Top Flight focuses on removing achieving two things for vertical takeoff and landing (VTOL) multi-rotors: a flight time over 30 minutes and payloads over 5-10 lbs. By fall 2014, the company was demonstrating an Airborg UAV with its hybrid propulsion system for a number of global clients.
“We continue to believe that we are in the very earliest stages of commercial applications of autonomous aerial vehicles,” says John Frankel, partner at ff Venture Capital. “Top Flight is addressing a very important market: long-duration, high-payload vehicles. This is relatively nascent in the commercial space but one with huge potential as organizations understand how these technologies can bring dramatic efficiencies to their operations.”