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XTI Aircraft has received more than 60 orders for its TriFan 600 from customers under its pre-sales program, in addition to several more “large” investors, the start-up aircraft manufacturer announced today. The company started taking orders under the pre-sales program at the Paris Air Show in June. It also added to the order book last month at the NBAA convention in Las Vegas, where XTI also “expanded financial and strategic relationships.”
This latest news follows the company’s exhibit at the Fort Lauderdale International Boat Show, which concluded on Sunday. “Owners and builders of yachts with landing pads, as well as this entire [boating] community, have embraced the TriFan," said XTI CEO Robert LaBelle, CEO of XTI. “At the show and in the days following, we've now surpassed 60 orders for the aircraft.”
LaBelle said the TriFan’s vertical takeoff capabilities, 1,042-nm range, 300-knot speed and quieter and cleaner hybrid-electric propulsion system appeal to a broad market. Using three ducted fans, the TriFan will be able to lift off vertically and then rotate its two wing fans forward for a “seamless transition” to forward flight. The company plans to fly a subscale demonstrator next year.
XTI launched a formal stock offering in 2016 under SEC Regulation A+ for all investors. Accredited investors can also participate in XTI’s $20 million Series B round, it said.
XTI Aircraft has received more than 60 orders for its TriFan 600 from customers under its pre-sales program, in addition to several more “large” investors, the start-up aircraft manufacturer announced last month. The company started taking orders under the pre-sales program at the Paris Air Show in June. It also added to the order book at the recent NBAA convention in Las Vegas, where XTI also “expanded financial and strategic relationships.”
The company exhibited at the Fort Lauderdale International Boat Show last month, where it found a receptive market. “Owners and builders of yachts with landing pads, as well as this entire [boating] community, have embraced the TriFan," said XTI CEO Robert LaBelle, CEO of XTI. “At the show and in the days following, we've now surpassed 60 orders for the aircraft.”
LaBelle said the TriFan’s vertical takeoff capabilities, 1,042-nm range, 300-knot speed and quieter and cleaner hybrid-electric propulsion system appeal to a broad market. Using three ducted fans, the TriFan will be able to lift off vertically and then rotate its two wing fans forward for a “seamless transition” to forward flight. The company plans to fly a subscale demonstrator next year.
XTI launched a formal stock offering in 2016 under SEC Regulation A+ for all investors. Accredited investors can also participate in XTI’s $20 million Series B round, it said.