Electric Flying Car For Uber

Bartini, Inc Summary

PO Box 141
Cupertino, CA 95015
+1 650 690 9971
info@bartini-project.com
Raising up to $500k to build 50%
functional prototype, get
established as a US-based
manufacturer for global markets
with R&D in the Russian
Skolkovo/MIT technology center
enjoying taxes and customs duties
exemptions, manufacture 4-seater
for Uber Elevate and other urban
transport companies. A total of
approx. $15m will be required to
finalise R&D and start sales.
Engineers from the Russian aerospace industry (ex-Tupolev, Perm Motors, et al) designed
an affordable, easy to mass-produce, urban electric autonomous aircraft (e-VTOL, aka the
flying car). We have developed the product concept, constructed the small-scale model to
flight test the aerodynamics and energy consumption, and established the market
availability of the required components (batteries, engines, body materials, etc.).
Founders obtained the patent and set up the company. The project went through rigorous
scientific board review and received exemptions from taxes and customs duties for their
Russian-based R&D centre. Technology and design were validated at Ubers Elevate
Summit.
We are now raising a maximum of $500k to run for the next 12-16 months and:
1) build a 50% scaled demonstration model to present to Uber aiming at Elevate Partnership
Agreement, and
2) build full-time HQ/Sales level presence in San-Francisco and Dubai and raise up to $5m
to further built the full-size prototype with maximum functionality and component
localisation for production on the key markets (Americas and the Middle East).

Current status This strategy is at par with other peer startups in this newly established Urban Aviation
4 passenger eVTOL blueprints industry, which was consolidated by Uber in terms of certification, deployment, market
Technology DD passed leadership, technical due diligence, political acceptance and funding.
Skolkovo: no taxes / customs
70 cm model built
Proven concept, patented
ex-Tupolev design team

Addressable Markets
Urban mass aviation market by Uber
($100Bn), international
small/medium business helicopter
market ($8Bn) and premium cars
market ($360Bn)

R&D Team
Established cross-functional
ex-Tupolev engineering team of 10
senior engineers in aerodynamics,
engines, materials, ground and flight
tests

Roadmap For The Seed Round:

Why now
Build 50%-scaled demo model
The team of engineers experienced in flying and developing experimental jets determined
Localize in San-Francisco
two years ago that technologies have matured to a level that allows making the flying car
Re-validate with Uber
feasible and affordable to mass market. They came up with the design specifically for the
Raise up to $5m
city.
Partner with serial manufacturer
Sign with Uber et al.
NASA engineers headed by Mark Moore (now Technology Director at Uber Elevate) have
been thinking the same. Uber employed data science to determine that their long term
Offer
strategic advantage lies with not only autonomous but also aerial transportation
A maximum of $500k against a
(https://www.uber.com/elevate.pdf) and have in the beginning of 2017:
promissory convertible note at 25%
1) identified exactly the design requirements for the eVTOL that clients need and
discount to the valuation at the next
2) hunted Mark Moore to join their team as Technical Director for Uber Elevate.
round.

This is confidential, by reading this document you accede to an NDA here https://goo.gl/M4Vgy0
For more info pls. contact Ilya Khanykov, +79099714242, ik@bartini-project.com or +46722017433,
ilya.khanykov@plutarch.capital
Fast forward several months: the mayor of Dallas lays a grid of over 30 vertiports,
landing spaces for many aircrafts, and vertistops, landing spot for one aircraft all
according to the blueprint derived by Ubers data scientists over his city and in front of
TV cameras endorses 5 initial partnerships Uber enters with prospective eVTOL developers
for a start of that transport in 2020. Same was agreed with Dubai and Abu Dhabi.

Uber estimated that it will need on average 750 vehicles for each of the 300+ city where
they are present. Federal Aviation Authorities are finalizing details of noise/frequency
parameters and vertistops design features for various locations, as well as specifics of
interaction with Air Traffic Control.

Bartinis Purpose
To build affordable urban electric autonomous aerial vehicle to replace urban helicopters
and to underpin Ubers plan to bring us our long-standing dream as a product through a
button in a mobile app, as well as any other Urban Transportation organizer taxi
companies, city managers, et al..

Problem Solution
Personal aviation is non-existent: helicopters are expensive and unsafe, airplanes need
runways, and both need experienced and expensive pilots. The solution is a mass-affordable
electric autonomous four passenger VTOL (also known as the flying car) priced 3 to 5
times lower than helicopters and covering distances 2 times farther at similar altitudes. The
adaptive technological platform can be commercialized through sublicensing manufacturing
facilities worldwide.

In April 26 in Dallas the dream became the plan. Policymakers united with the industry
(researchers, experts, manufacturers and investors) to make it work. Politicians announced
deployment of networks, new investment funds are established to specifically focus on this
vertical. There are 10-15 eVTOL designers and manufacturers in the world at various
blueprinting/prototyping stages, while none has so far the product to Ubers specifications.

Product
Four-passenger self-navigated aircraft (or a cargo aircraft carrying 400kg), sedan-sized,
combines quadcopter with carrying wing. Passenger inputs the destination, the vehicle
takes-off vertically from any surface, tilt-shifts engines to airplane (horizontal) flight
mode, which allows to cover distances over 150 km at 300 km/h on one battery charge
(over 600 km on hydrogen fuel-cells), then lands vertically on arrival.
Market Size
Uber alone has estimated that they will need 500-1000 vehicles per each of 300+ cities.
Each manufacturer at this time estimated the initial price to fall between $250-450k, which
sets Ubers demand at 80 billion USD. It is expected that mass produced vehicles will be
priced at ca. $80-100k (and thereafter even $40k). There will be increase in private
purchasing, as well as more demand will come from other urban public/private
transportation organizers. We may compare the market size for that purpose with the
market for premium automobiles, which stands to be 360 billion by 2020.

Current status
Design blueprints and technical specs of the aircraft have been validated with Ubers
Elevate Technical Director
A tax/customs exempt company has been established in Moscow to serve as an
international R&D center
The model demonstrated 45 rotor tilt, aerodynamics of carrying wing body design and
decreased energy consumption, served as patent basis
30 active investors in the pipeline ready to finance after half-sized technology demo is
presented, over 100 investors overall interested in the Uber Elevate Ecosystem
All component suppliers are sourced for building the demo model and the 2 passenger
commercial car, as well as the 4-seater final product

Founding Team
The HQ/Holding company Bartini, Inc (DE) shall hold controlling stake (50%+) in the
Russia-based R&D center Bartini Project LLC. The Founding Team for the R&D center in
Russia is as follows:
Vladimir Andreev, 20 yrs. in business development, sales and marketing Ex-Mercedes
Vladimir Salatov, 18 yrs. in aircraft design, test flights, pilot, engineer Ex-Tupolev
Nikolay Fonurin, 15 yrs in ground and flight tests, Ex-Tupolev.
Alexey Maltsev, 10 yrs. as commander-pilot and flight methodologist, ex-Transaero
Igor Opotsky, 20 yrs. as instructing pilot, investigative expert at the IAC
Ilya Khanykov, 10 yrs. as investment projects manager, Ex-Tricorona
Dr. Maxim Kiselev, 20 yrs. as high-tech mentor, Ph.D. Psychology, Yale
Dr. Vitaliy Rasnitsyn, 25 yrs. as PR/GR executive, Fellow at RANS

Business Model
We expect our revenues to come from sales of the vehicles, service contracts, and sales of
region-specific manufacturing licences. The initial price of the 4 seater vehicle while
estimated to be initially $300k is expected to go down to $80k at the stage of mass
production. The revenue model shall include sales on a pay-per-use model, i.e. per
hours/miles of flight. The latter is the preferred model for players like Uber, however the
financial sector has to learn and adopt business practices to procure for such solutions. We
do not expect to be required to build this financial arm within our company, however, do
not exclude very close partnership with a financial player, alike to the arrangement per
which Rolls Royce jet engines are being currently sold on the global market.

Competition
Final products not available yet, with an
exception of 1) Terrafugia Transition,
which (a blend of a car and an airplane
costs a fortune, requires runway) has
recently been certified for US skies and
2) E-Volo, which is a 2-seater
easy-to-operate electric helicopter with
a large footprint. Other candidates
include: Lilium Jet, Ehang, Terrafugias
next model TF-X, Zee.Aero, Kitty
Hawk, Aeromobile 3.0, Vahana, Lilium
Jet, Aurora, Carter, Bell and Embraer.

Advantages of Bartini Design

Technology and configuration (coaxial variable pitch propellers in a quad copter
convertiplane with aerodynamics of the carrying wing, patented) decrease power
consumption up to seven times and ensure long-distance flights at altitudes
comparable to small helicopters or airplanes. Expected market price will stay within
$100k due to absence of complex components, wings, ailerons, chassis, moving airframe
parts, as well as simple assembly processeses. High degree of body-shape variability within
the aerodynamic solution, no need for takeoff/landing infrastructure, safety due to 8 motors
and coaxial propellers in 4 engine groups and human-factor reduction, noise-levels within
urban regulation.

Project Roadmap
1. Angel investment round ($500k) by September 2017
2. Build the technology demo model 50% scale by December 2017
3. Establish HQ/Business Dev/Sales presence in the Valley, seek US/Canada based
component suppliers, partnership with serial aircraft manufacturers and,
ultimately, Uber, participate actively in the Uber Elevate Network
4. Raise seed round in the Valley: $5M (which may or may not include receiving
government grant from the Russian state into the Russian R&D subsidiary
directly)
5. Build models, do the fine-tuning experiments, develop localization and prepare for
mass production for the Uber Elevate, do business development with other urban
transport companies worldwide (Asia, Middle East)
6. Raise venture round in the Valley: $7-10m
7. Produce the 2-seater, start sales in Russia, where certification is easier, obtain the
serial aircraft certificate, start serial production, sign partnership with Uber.
8. Raise up to $20m internationally (potentially go public)
9. Produce 4-5 seater aircraft and procure for the Uber Elevate Test Projects (2020)
10. Set up mass production (for which either raise, merge with large manufacturer or
do the IPO and build own tera-factory)

Next Step
Angel Investment round of $500k.
 Description of the Functional Prototype (technical specification and development input)

Geometry Flight
Length m 2.5 Speed km / h 250
Width m 2 Time min 24
Height m 0.75 Range km 80
Screw diameter m 0.65 Time for "takeoff-landing" min 2
Time for horizontal flight min 22
Which issues shall the model resolve:
refine aerodynamic characteristics; Which issues shall the model resolve:
clarify details of layout decision; determine main flight speeds;
specify structures and shapes of main elements; determine flight times for various flight profiles;
allow testing of tilt-shift mechanism; determine the optimal flight profile;
allow testing the locks for the end positions of the determine the distance;
tilt-shift; test the software for the takeoff and landing;
define structural vibrations; test the software for the horizontal flight;
allow testing of the software control system test the software for the tilt-shift transition

Battery Weight
Capacity kWh 7 Takeoff Weight kg 80
Weight Wh/kg 200 Weight of vehicle kg 35
Weight of battery kg 35
Which issues shall the model resolve: Weight of engines kg 6
clarify required battery capacity and define any
performance issues; Which issues shall the model resolve:
refine calculations of energy consumption during refine the choice of body materials;
different flight modes; refine the choice of manufacturing technologies;
refine the algorithm to determine the remaining battery refine the relative weighting parameters.
charge.

Propulsion system
Number of motors pcs 8
Motor power kW 5
Maximum electric current A 80

Which issues shall the model resolve:

refine characteristics of "Bartini Effect" for the ducted
fans;
allow testing of the engine thrust management software
algorithms.