Avol

What it does

Avol builds autonomous, electric, high-capacity aircraft to increase global air transport capacity by 10x or more, starting with medical deliveries for healthcare institutions. - $305k booked revenue, growing 1-2 contracts/mo, all inbound, no sales team. $3m waitlist - Just received FAA approval for BVLOS flights - Nathan Poon (CEO, PhD @ Berkeley) did robots/AI for Tesla, Amazon, DHL, and other medical logistics for 10 years; - Matthew Sargeant (CTO, PhD @ Cambridge) designed Boeing’s SAX40 blended-wing. - Raising $2.5m pre seed, $880k closed, $1.6M remaining