LaunchPoint propels the future of electric flight

GOLETA, Calif .– A team of top engineers and business leaders in Goleta have joined forces to power the future of electric flight.

Officially formed in June 2020, LaunchPoint Electric Propulsion Solutions has developed advanced electric motors and hybrid electric propulsion systems to expand the flight of drones, flying cars as well as additional defense applications.

Over the past three years, LaunchPoint’s revenue has grown from $ 1 million in 2019 before its official launch, to $ 1.9 million in 2020. This year, the company is on track to hit 4.9 million. dollars of income.

Meanwhile, the firm’s team has grown from 16 in 2019 to 40 in 2021 and it’s not over yet. The company is currently looking to hire at least 20 more for various positions.

“We are building the future of clean, green electric flying. Flying air taxis, drones that deliver your pizzas, ”said Mike Ricci, CTO of LaunchPoint EPS. “It’s all going to be a reality and we are doing it here right now. “

While LaunchPoint officially formed in June 2020, it grew out of Goleta-based technology incubator and think tank, LaunchPoint Technologies. For this reason, the workforce and income predate the founding of the company.

The startup has also secured more than $ 1.25 million in grants from the US Department of Defense to develop hybrid-electric engines and flight technology.

LaunchPoint’s most demanded products include the HPS400 GenSet, a 40kW hybrid generator capable of powering large drones and flying vehicle missions, and the 5.5kW HPS055 GenSet.

“We were able to demonstrate a flight of over 90 minutes in a hybrid situation where traditionally the average flight is 27 minutes,” said Rob Reali, CEO of LaunchPoint EPS.

With LaunchPoint’s products, defense drones and other types of drones can travel farther and carry more load than those equipped with other models of hybrid power systems.

“A decade from now we’ll be in everything from flying cars to small drones and other unmanned systems,” said Brian Clark, vice president of engineering and operations for LaunchPoint EPS.

LaunchPoint EPS is located at 5735 Hollister Ave., Suite B, in Goleta. For more information call 805-683-9659 or visit their website.

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