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Audax Aero SIGNED

A REVOLUTIONARY SAFE, QUIET, LONG RANGE, PERSONAL VERTICAL TAKEOFF AND LANDING (VTOL) DEVICE

Total Cost €

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EC-Contrib. €

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Partnership

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 Audax Aero project word cloud

Explore the words cloud of the Audax Aero project. It provides you a very rough idea of what is the project "Audax Aero" about.

simulations    configuration    proactive    specialising    supply    battery    safety    distance    grow    pilot    germany    transportation    commuter    audax    maximum    vb    tech    300km    2019    launch    hybrid    search    intellectual    industry    respectively    2022    powered    computer    inaccessible    bulky    solutions    ventures    2030    revenue    prototype    aero    projected    quick    noise    160    world    flight    causing    limiting    26m    hours    thanks    productivity    2016    billion    endurance    specifications    lift    anticipate    reduce    4m    conducting    2023    plan    100b    outline    profit    strategy    anticipated    actions    hi    refuelling    employment    mostly    uavs    invested    first    aircraft    93m    immature    uk    cargo    vtol    market    levels    106b    vertical    mobility    population    uav    flying    start    property    propulsion    2026    severe    5b    created    minutes    238    3b    2050    commuters    off    company    france    timelines    yearly    excessive    annually    responder    urban    electric    unreliable    responders    150    19    usa    air    rotor    companies    validate    designed    period    delays    personal    freight    recreational    gt    69b   

Project "Audax Aero" data sheet

The following table provides information about the project.

Coordinator
VB HI-TECH VENTURES LTD 

Organization address
address: 20-22 Wenlock Road
city: LONDON
postcode: N1 7GU
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    VB HI-TECH VENTURES LTD UK (LONDON) coordinator 50˙000.00

Map

 Project objective

World urban population is expected to grow by 2.5B in 2050, causing severe delays to commuter, freight and first responder mobility. This costs Europe €100B yearly and is anticipated to cause a productivity loss of €238.7 billion annually for UK, France, Germany and the USA in 2030. Various proactive actions have been proposed in recent years, with exciting developments emerging in air urban mobility, focused on personal vertical lift off, VTOL, aircraft. Many solutions developed so far are mostly electric powered limiting flight endurance to a maximum of 30 minutes due to immature battery technology, unreliable safety, bulky design (rotor configuration >4m) and excessive noise. As VB Hi-Tech Ventures, our start-up company specialising in the design of personal flying devices, we developed Audax Aero, a VTOL aircraft designed to improve flight distance to a range of 300km/2 hours without refuelling, while improving pilot safety thanks to a hybrid propulsion system that also reduce noise levels. Our target users are first responders, cargo delivery companies, commuters and recreational industry who need quick transportation and improved mobility to inaccessible areas. We are targeting the UAVs for first responder market projected to reach €106B in 2019, UAV market which is expected to grow by €1.69B from 2016 to 2023 and VTOL market which is expected to reach €4.3B in 2026. We have invested €150,000 for the development of Audax Aero and we will validate the functionality and specifications by conducting computer simulations and testing a prototype to be built in Phase 1 as well as search for development and component supply partners. In addition to developing an Intellectual Property strategy and dissemination plan, we will also outline the activities and timelines for the Phase 2 project towards a 2022 market launch. We anticipate a profit and revenue of €9,93M and €19,26M for the 5 year exploitation period respectively, with 160 employment opportunities created.

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The information about "AUDAX AERO" are provided by the European Opendata Portal: CORDIS opendata.

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