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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.

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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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