AIBOT

Company Overview

AIBOT is a California-based company founded in 2022 with the vision to disrupt the next generation of mobility and transform the aviation industry. The company aims to usher in the AI, electric, and B2C era, making the freedom of flight an accessible reality anytime, anywhere for every household.

AIBOT’s mission is to create an AI-defined, software-driven, high-tech, high-performance, electric, internet-connected, and autonomous aiEVTOL (AI Electric Vertical Take-Off and Landing) aircraft and ecosystem. The company is headquartered in Long Beach, California, and currently employs over 60 people from multiple countries.

The founding story of AIBOT begins with entrepreneurs Jerry Wang, RK Jia, and ZK, who were frustrated by the monotonous, inefficient, and environmentally unfriendly options in short and medium-distance transportation. Envisioning a safe, simple-to-operate aircraft for everyday use, they launched AIBOT in 2022 to revolutionize how we perceive and experience everyday travel.

Products Overview

AIBOT is developing two main product lines:

1. Manned aiEVTOL:
   • Maximum Takeoff Weight (MTOW): 7000 lbs
   • Wingspan: 47 ft
   • Maximum Payload: 1000 lbs
   • Maximum Speed: 250 mph
   • Maximum Range: 250 miles (varies with speed and payload)
   • Features: AI-defined, software-driven, fully electric, fully autonomous, internet-connected, long-range and high-speed, quiet design
   • All critical systems designed for 1 billion hours of reliability
2. Unmanned Industrial UAV:
   • Maximum Takeoff Weight (MTOW): 700 lbs
   • Wingspan: 17 ft
   • Maximum Payload: 150 lbs
   • Maximum Speed: 180 mph
   • Maximum Range: 180 miles (varies with speed and payload)
   • Features: Software-driven, fully electric, flexible applications, fully autonomous, internet-connected
   • Applications: Agriculture, medical service, forest preservation, highway patrol, cargo delivery

Both products utilize advanced technologies such as: - Industry-leading 1000V propulsion system - Next-gen battery cell technology - Dual-lane Silicon-Carbide Inverter - Liquid-cooled multiport charging technology - Multi-axis, multi-dimensional advanced thrust-vectoring technology - Proprietary control algorithms - Customized high-performance computing platform - Full spherical sensor coverage with 20+ cameras and radar - AI-infused cabin system - Dual 5G/Satellite connectivity

Founding Team

1. Jerry Wang - Co-Founder, Executive Chairman
   • 10 years of experience in Technology & Mobility industry
2. RK Jia - Co-Founder, CFO, COO
   • 8 years of experience in Technology & Mobility Industry
3. Max Ma - President, Partner
   • 12 years of experience in mobility industry (Automotive and eVTOL)

Other key leadership positions include: - Connie Zhao - Head of Software - Sean Cassidy - Head of Regulatory and Government Affairs - Dr. Monica Syal - Head of Aerodynamics - Andrew Rapsomanikis - Technical Lead Flight Control Software - Nurudeen Adeyemi - Head of Engineering FP&A - Paul Yang - Autonomous Flying & Flight Control

The company also has notable advisors such as Dr. James Wang, known as “The Steve Jobs of Rotorcraft,” and Roei Ganzarski, former executive chairman of Eviation.

Problem and Market Fit

AIBOT aims to address several problems in the current transportation landscape: 1. Lost time and pervasive congestion in urban areas 2. High costs associated with traditional air travel 3. Restricted mobility options 4. Negative environmental impact of current transportation methods

The company’s solution fits into the market by offering: 1. Faster inter-city travel (e.g., Los Angeles to Las Vegas in 1 hour compared to 5.5 hours by car) 2. Quicker intra-city commutes (e.g., Downtown LA to LAX in 7 minutes compared to 60 minutes by car) 3. Eco-friendly and sustainable air travel options 4. Improved accessibility to air transportation for everyday use

Business Model

While not explicitly stated, AIBOT’s business model likely involves: 1. Manufacturing and selling manned aiEVTOL aircraft for personal and commercial use 2. Producing unmanned industrial UAVs for various applications (agriculture, medical services, forest preservation, etc.) 3. Potentially offering services or partnerships for urban air mobility solutions 4. Licensing or selling their advanced AI and flight control technologies

Funding and Runway

The provided information does not include specific details about AIBOT’s funding rounds or runway. However, the company has made significant progress since its founding in 2022, suggesting it has secured funding to support its operations and development efforts.

Competitive Landscape

While specific competitors are not mentioned, AIBOT is likely competing with other eVTOL and urban air mobility companies. The company differentiates itself through its focus on AI-defined, software-driven, and fully autonomous flight capabilities, as well as its dual approach of developing both manned and unmanned aircraft.

Customers

The information provided does not specify current customers. However, potential customers for AIBOT’s products and services could include: 1. Individual consumers (for personal air transportation) 2. Urban air mobility service providers 3. Agricultural companies 4. Medical services and emergency response organizations 5. Forest management and conservation agencies 6. Law enforcement and highway patrol agencies 7. Logistics and cargo delivery companies

Relevant News

• October 2023: AIBOT began collaborating with NASA to develop and validate eVTOL system identification technology.
• November 2023: AIBOT signed an agreement with Honeywell to develop and supply flight control systems.
• The company has achieved several milestones, including:
  • May 2022: First 500lbs Technology Demonstrator build finished
  • July 2022: Completed hover and 45-degree transitional test flight
  • November 2022: Scaled Demonstrator (400lb) achieved full transition
  • July 2023: Achieved full autonomous take-off and landing
  • November 2023: Launched 500lbs production-intent aircraft

AIBOT has outlined future milestones, including: - 2024: Unmanned aiEVTOL to go into production - 2025: First full-size manned aiEVTOL prototype build complete, G1 (certification basis) submitted to FAA - 2026: aiEVTOL G2 (means of compliance) complete - 2028: aiEVTOL planned to enter commercial service

This comprehensive overview showcases AIBOT’s ambitious goals in revolutionizing urban air mobility and transportation through advanced AI and electric aviation technologies.