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TriFan 600’s Equity Crowdfunding Campaign Raises $4 Million to Fund New Six-Seater Heli-Corporate Jet

16 Sep

New business plane resembles a drone with three rotor blades that takes off like a helicopter, but looks like a corporate jet

By Robert Hoskins

Denver, Colorado – XTI Aircraft Company (XTI) is pioneering the first use of crowdfunding for commercial airplane development, and at the same time continuing its engineering work on the TriFan 600. In just two weeks, equity crowdfunders have reserved shares for more than $4 million to support the development of an airplane with the speed, range, and comfort of a business jet and the ability to take off and land like a helicopter.

The TriFan 600 will be the world's first commercially certified airplane with vertical takeoff and landing capability

TriFan 600 allows pilots a vertical takeoff and landing capabilities

“The response to our announcement of the equity crowdfunding plan and to this revolutionary aircraft itself has been overwhelming,” said XTI Vice Chairman Jeff Pino. “People are captivated and excited by the world of possibilities this aircraft presents. They recognize that this could be a once-in-a-lifetime opportunity and want to get involved early as stakeholders.”

“We are connecting aspiring investors with the progressive companies of tomorrow,” said StartEngine Chief Executive Officer Ron Miller. “Investor response to XTI Aircraft has been extraordinary. The company is clearly on course to change the future of flight.”

XTI is currently gauging potential shareholder interest under the terms of Regulation A, popularly referred to as Reg A+, of the JOBS Act, and will decide later this year whether to file an application for a financing to be qualified by the Securities and Exchange Commission (SEC).  If qualified, XTI will then open the door to official share purchases on the StartEngine website to begin as soon as year-end. The equity crowdfunding “Reservation of Shares” and actual investment in XTI (upon SEC approval) is also available to foreign investors outside the U.S., subject to applicable laws of their country.

XTI is also raising funds through venture capital, private equity and accredited investors, while finalizing diligence on its technical solution and starting discussions with vendors that will lead to building a prototype. The general public’s opportunity to become shareholders is time-limited. Learn more about how to”Reserve Shares” with investment amounts ranging from $250 to over $200,000 at startengine.com/startup/xti,

In development for over two years, the six-seat TriFan 600 will be the world’s first commercially certified vertical takeoff airplane and will provide true door-to-door travel, with speed, range and comfort comparable to that of a business jet.

XTI is backed by highly accomplished aviation industry all-stars, including founder and chairman David Brody. “We couldn’t be more appreciative of, or committed to, our future shareholders,” Brody said. “We thank each one of you for joining us on this journey.”

 

# # #

Robert Hoskins, a seasoned Front Page PR veteran provides more than twenty-five years of external communications, media relations, digital social media and SEO skills to Front Page PR’s crowdfunding PR and media relations service portfolio.
(512) 627-6622
@Crowdfunding_PR


Mr. Hoskins is a seasoned marketing veteran with a proven track record of helping entrepreneurs, startups, small businesses as well as Fortune 500 corporations launch successful marketing communications campaigns to gain market traction for a wide variety of products and services.
Hoskins is one of the crowdfunding industry’s foremost crowdfunding advocates and has amassed a huge social media following that is dedicated to supporting donation-, rewards- and equity-based crowdfunding campaigns. Due to the overwhelming demand from the general public for crowdfunding information, he empowers entrepreneurs with some of the internet’s most affordable ($20) online crowdfunding training classes, which provide insight to startups around the world on a 24 x 7 basis.
Hoskins adamantly believes that the crowdfunding industry will empower everyone in the United States to rediscover the possibility of living the American dream with a little hard work, a great business idea and the dedication to researching, planning and launching a well-thought-out crowdfunding campaign. He consults on a regular basis with crowdfunding campaign managers as well as crowdfunding sites, portals and platforms to deliver successful crowdfunding marketing campaigns.

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