MightyFly closes $5.1M seed round for autonomous cargo aircraft
MightyFly closed a $5.1 million seed round to expand hiring, scale its aircraft fleet and build infrastructure for autonomous cargo operations.
Evidence notes
- 500 Startups, At One Ventures, Global Founders Capital, Graph Ventures and Halogen Ventures participated in the seed round.
- MightyFly allocated the capital to hiring, fleet scale-up and infrastructure for a planned global network of logistics hubs.
- At the announcement, the company was flight-testing its MF-100 hybrid-electric cargo eVTOL under an FAA Special Airworthiness Certificate.
Company context
Developer of autonomous hybrid-electric cargo aircraft and automated freight-handling systems for middle-mile logistics.