MightyFly, an autonomous air logistics company developing hybrid eVTOL cargo aircraft for expedited delivery, has closed $10 million in new funding from Draper Associates, At One Ventures, and 500 Global. The round brings the company’s total funding to $15 million to date.
The company is building a dual-use autonomous eVTOL platform designed for middle-mile and last-mile B2B and defense logistics. Its aircraft can carry 100 to 500 pounds over distances of 600 to 1,000 miles and complete multiple stops within a single route. The platform is engineered to provide fast, reliable, low-emission transport for commercial supply chains and mission-critical defence operations.
MightyFly’s progress comes as U.S. policy increasingly supports the deployment of domestically built autonomous aircraft in the National Airspace System. The White House’s June 2025 Executive Order, “Unleashing American Drone Dominance,” calls for accelerated adoption and integration of advanced unmanned aircraft systems.
“MightyFly is built around autonomy as a force multiplier—delivering speed, reach, and flexibility that traditional logistics can’t match,” said Manal Habib, Founder and CEO. “By eliminating infrastructure dependencies, we enable rapid expansion.”
Investors say the company’s approach addresses structural inefficiencies in logistics. Tim Chae, Managing Partner at 500 Global, noted that autonomy has the potential to redefine supply chains. Helen Lin, Partner at At One Ventures, added that MightyFly’s platform reduces reliance on capital- and labour-intensive infrastructure, the largest cost drivers in logistics.
To date, MightyFly has developed three full-scale aircraft and completed more than 400 autonomous flights. It holds a Special Airworthiness Certificate covering multiple flight areas and airports and has generated over $1 million in revenue. The company has also signed a $220 million, 20-year LOI for intra-island delivery and a $50 million, five-year healthcare contract.
Source: MightyFly