FlyWorks is developing a whole new way to drive multi-rotors for 2nd generation hybrid drones.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Be&s;er Sheva
State: HaDarom
Zip:
Country: Israel
FlyWorks is developing a whole new way to drive multi-rotors for 2nd generation hybrid drones. The company&s;s patent-pending drive technology will allow drones to carry significant payload and fly for hours, but remain light, cost-efficient and safe. Their technology combines the remarkable performance of petrol fuel with the safety and simplicity of the multirotor platform. It works by delivering most of the power that the drone requires to stay in the air directly from an internal combustion engine while a small electric drive system provides a small fraction of power only for maneuvering. FlyWorks technology can be implemented in any drone platform size to create a wide array of high-performance multirotor platforms for various use-cases from land surveying to air-taxis. They enabling high-resolution close-up multi-sensor inspection of the large-scale power line infrastructure.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2017 | Grant | 1 | $55k |
Israel Innovation Authority Israel Innovation Authority |
5/2018 | Grant | 1 | $25k |
Israeli institutions Israeli institutions |
7/2019 | Seed Round | 1 | $700k |
Incubit Technology Ventures Incubit Technology Ventures |
3/2021 | Non Equity Assistance | 2 | - |
MassChallenge MassChallenge Israel MassChallenge MassChallenge Israel |
3/2021 | Non Equity Assistance | 2 | - |
MassChallenge MassChallenge Israel MassChallenge MassChallenge Israel |
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