RYSE Aero Technologies have launched an equity crowdfunding campaign via the DealMaker platform. Through the campaign RYSE is seeking shareholders to invest in the next phase of its business expansion. This strategic plan encompasses two primary objectives: firstly, to establish and optimize robust manufacturing processes to meet the sales demand; secondly, to continually enhance the development of their flight vehicle, the RECON.
RECON is an ultralight eVTOL flying vehicle capable of taking off and landing on water. Operating under Part 103 of the FAA regulations, the RECON is designed to make flight accessible to all, with no pilot license required.
The aircraft is currently available in US markets for purchase.
RYSE claims that since conducting the first crewed flight of its eVTOL vehicle, the RECON, in June 2022, they have made several strides, setting them apart from their competitors in the eVTOL landscape.
As part of this expansion plan, RYSE has set its sights on commencing the hiring for the manufacturing of RECONs starting in late 2023 to scale up production capacity and ensuring that RYSE can compete in the rapidly growing eVTOL market.