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MightyFly, a developer of autonomous air cargo technology, announced Tuesday it has raised $10 million in new financing to advance its hybrid eVTOL aircraft for expedited commercial and defense logistics. The round included investments from Draper Associates, At One Ventures and 500 Global, bringing the company’s total funding to $15 million.
MightyFly is building a dual-use autonomous eVTOL platform designed for middle‑mile and last‑mile B2B deliveries. The aircraft are engineered to carry between 100 and 500 pounds over ranges of 600 to 1,000 miles, with the capability to complete multiple stops in a single route. The company aims to offer faster, more flexible logistics with lower emissions while reducing infrastructure and labor requirements.
The funding comes as federal policy increasingly supports the deployment of U.S.-manufactured autonomous aircraft. A June 2025 White House executive order, “Unleashing American Drone Dominance,” called for accelerating the integration of advanced unmanned aircraft into the National Airspace System.
“MightyFly is built around autonomy as a force multiplier—delivering speed, reach and operational flexibility that traditional logistics simply can’t match,” Founder and CEO Manal Habib said in a statement. “By eliminating infrastructure dependencies, we unlock rapid expansion.”
Tim Chae, managing partner at 500 Global, said the firm invested early because it sees autonomy transforming the logistics sector. “We’re excited to continue supporting the team as they help lead the way in long‑range eVTOL cargo delivery for next‑generation supply chains,” he said.
Helen Lin, partner at At One Ventures, added that the company’s technology minimizes labor—the largest cost in logistics. “With the team now demonstrating the reliability required for real‑world operations, we are seeing growing commercial traction and excited for the next stage of this technology taking off,” she said.
MightyFly has produced three full‑scale aircraft and completed more than 400 autonomous flights. The company holds a Special Airworthiness Certificate covering multiple flight areas and airports and has generated more than $1 million in revenue. Its expansion aligns with FAA pathways enabling autonomous aircraft operations in commercial markets.
The company recently signed a $220 million, 20‑year letter of intent for intra‑island delivery services and closed a $50 million, five‑year contract in the healthcare sector.
