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Funding for female-led Frisco drone company
Photo: Mightyfly
Mightyfly, an autonomous air cargo carrier based in the San Francisco Bay Area, has closed USD 5.1 million in seed funding.
The round includes investments from 500 start-ups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. It will be used to expand hiring, scale up Mightyfly’s fleet, and build the infrastructure required to support a global network of hubs.
The Mightyfly MF-100 is a hybrid-electric VTOL aircraft with a 45 kg cargo capacity, 240 km/h cruising speed and 965 km range.
An aircraft with 225 kg cargo capacity is planned by CEO Manal Habib and co-founder Scott Parker. The two met while working at Zipline (Habib led flight controls and Parker was a senior mechanical engineer) but realised a need for a larger autonomous aircraft with a greater cargo capacity. (ah)