# Jetpack Aviation Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jetpack-aviation

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Los Angeles, US
- Website: www.jetpackaviation.com
- Total disclosed funding: $2M
- Latest round: Seed (Nov 13, 2019)
- Investors on record: 3

## About

Jetpack Aviation Corporation designs and manufactures personal aviation technologies, notably jetpack systems that provide innovative vertical takeoff and landing capabilities for diverse applications.Founded in 2016, Jetpack Aviation Corporation is based in Los Angeles, US. The company focuses on developing jetpack technologies and has successfully closed one funding deal as of November 2019, securing USD 2.000 mn in Seed funding from investors including Cathexis Investment Management, Draper Associates, and Y Combinator.JetPack Aviation specializes in advanced personal aviation technologies, primarily jetpack systems. The flagship JB-series jetpack employs turbine engine technology for vertical takeoff and landing, catering to recreational, military, and rescue operations. The company targets commercial and government clients in North America and Europe, where interest in advanced aerospace technologies is growing.JetPack Aviation generates revenue through direct sales of jetpack systems and associated training services. Their pricing strategy involves direct-to-consumer transactions and B2B partnerships, enhancing customer experience through comprehensive packages that include operational training and maintenance services for purchased products. Specific pricing details and revenue figures are not publicly disclosed.In November 2019, Jetpack Aviation Corporation raised USD 2.000 mn in Seed funding to support its growth initiatives. The company plans to enhance its product line by designing new jetpack models and expanding its market reach into additional regions, targeting both commercial and governmental sectors. The recent funding will be utilized to accelerate product development and market entry.

## Funding rounds

- Seed, Nov 13, 2019, $2M — Y Combinator, Draper, Cathexis Investment Management

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Draper (https://capitalatlas.ai/funds/draper) — Seed
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed