The object will be to enter the high performance electric motor industry with a product that has superior performance/specifications to any other existing product.
Finish testing initial lab prototype and design a new "pre-production" prototype. $500,000
Develop motor controller electronics to optimize weight advantage of the motor. %500,000
2 rounds. First round will get pre-production prototypes of the entire system (motor and controller) working; and will make it possible for low volume production of systems for potential customers to purchase for evaluation and testing. The second round will finance tooling up for volume production for orders generated from customer evaluation of prototypes.
Initial customers will be large(r) aerospace companies building electric or hybrid aircraft.
Presently electric/hybrid aircraft have limited range. Reducing the weight of the propulsion system in electric/hybrid aircraft will increase efficiency and range of these vehicles.
Electric/Hyrbid Unmanned Aerial Vehicles (UAVs)
Develop and manufacture pre-production prototypes in house. Volume production will be handled by a contract manufacturer while Launchpoint Technologies handles sales, marketing, distribution, and support.
Productization of prototype built with government grant funds. Marketing, sales, and business development.
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