XTI Aircraft CEO on Expanding StartEngine Initiative: We Had Received 2,000 Expressions of Interest – Crowdfund Insider


Last month, Colorado-based XTI Aircraft Co. (XTI) announced it has extended its TriFan 600 campaign on StartEngine. This was after the company secured $20.6 million in non-binding expressions of interest. XTI has designed a 6 seater, vertical take-off and landing aircraft that has the potential to provide “unprecedented” air transportation on a personal level beyond anything available today. The TriFan 600 has impressive stats: 400 mph max cruise speed; range of 800 to 1200 miles; max altitude of over 30,000 ft. Sharing details about the extension, XTI founder and chairman David Brody stated: “We had received 2,000 expressions of interest totaling around $20 million when the funding window opened in late January. Many of these have been converted into shares and we now plan to close the first round of equity crowd funding in the middle of April.” Also speaking about XTI’s projects, Brody commented: “I am now focused on the TriFan 600 configuration. I am passionate about aircraft, science and technology. This is going to be a game-changing aircraft that combines the speed, range and comfort of a business jet with the ability to take-off and land like a helicopter.” Brody went on to add that in order to increase XTI’s appeal to investors, the company will offer stakeholders the opportunity to trade their shares on the second market as it expands:

Source: XTI Aircraft CEO on Expanding StartEngine Initiative: We Had Received 2,000 Expressions of Interest – Crowdfund Insider

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About Stephen G. Barr, Group Publisher

Author, Syndicated Columnist, Editor In-Chief and Group Publisher at SGB Media Group, a social media marketing firm specializing in digital media content production, publishing, affiliate marketing, public relations and advertising. Over 25 years experience in retailing, advertising, website & online forum development, niche social networking, affiliate marketing, search optimization, branding and identity, site location, non-profit fund raising. Event planning, promotion, production and MC/Host at public events. Author, Editor & Publisher of 35 syndicated, digital publications utilizing multiple digital distribution channels in conjunction with launching and administrating national advertising campaigns for major Fortune 500 advertisers in partnership with Google, Ning, Facebook, Myspace, Yahoo, DoubleClick, LinkShare, PepperJam and other industry leading third party affiliate networks. Product development team member from conception to launch on many websites, tangible goods and organizational structure for start ups. Specialties: Public relations, retailing, advertising, website & online forum development, niche social networking, blogging, email campaigns, affiliate/performance marketing, search optimization, branding and identity, site location, event production & promotion, non-profit fund raising and tasteful, responsible adult content publishing. An internationally recognized and read social media columnist & pundit on The Examiner, Associate Content, Vator.tv, X-Biz.net and Technorati and his own affiliated sites.
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One Response to XTI Aircraft CEO on Expanding StartEngine Initiative: We Had Received 2,000 Expressions of Interest – Crowdfund Insider

  1. Crowdfunding says:

    They secured $20.6 million – I think it’s not accurate. I found 21.6$ million on wikipedia source.
    Thanks for share the whole information.

    Like

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