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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.

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

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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