Vision: Delivering a fleet of all-electric cargo unmanned aircraft, transforming the urgent delivery market and shaping the future of sustainable transportation.
Achieve First Flight by Q1 2025: Conduct the inaugural flight of our long-range, all-electric unmanned aircraft by the end of the first quarter of 2025.
IPO Readiness: Prepare for an Initial Public Offering (IPO) by the end of 2025, providing investors with an opportunity to participate in the growth of Panhwar Jet.
$75M Pre-order Sales: Secure $75 million in pre-order sales for drones by Q2 2025.
Manufacturing Hub Establishment: Acquire a 220-acre airport by Q1 2025 to establish a state-of-the-art manufacturing facility.
Payload Capacity: 350 lbs
Speed: 140 mph
Endurance: up to 6 hours on a single charge
Cutting-edge Propulsion Systems: Featuring custom electric motors for both air and ground vehicles, delivering increased torque and reduced power consumption.
Onboard Power Generation: Innovative onboard power generation system reduces battery requirements by up to 70%.
Optimized Aerodynamics: Enhanced propeller and wheel designs maximize efficiency and minimize operating costs.
Significant Milestones Achieved:
Power-efficient Propulsion System - Completed
Advanced Electric Motor Design - Completed
Onboard Power Generation Integration - Completed
Testing Optimized Propeller Blades - 90% Complete
Preparing for Final Assembly and Road/Air Taxi Testing - Near Completion
Unmanned Aircraft Assembly: 70% complete, with ground testing currently underway.
Manufacturing Facility: Acquisition of the airport is on track for Q1 2025.
Strong Local Government Support: Enjoying strong support from Utah legislators, contributing to the state's aerospace.
Contribution to Utah's Growth: Playing a vital role in Utah's transformation into a major logistics hub, supporting the Inland Port and the 2032 Winter Olympics.
Emphasis on Sustainability: Prioritizing the development of eco-friendly transportation solutions, aligning with global sustainability goals.
Rising Fossil Fuel Costs: Escalating fuel prices are driving the need for more cost-effective transportation solutions.
Stricter Environmental Regulations: Growing pressure to reduce carbon emissions is accelerating the adoption of electric aircraft.
Market Demand for Efficient and Sustainable Logistics: The urgent delivery market demands faster, more reliable, and environmentally friendly solutions.
Featured in Utah Business Magazine and The World's Leaders: Recognized for its innovative approach to transportation and its positive impact on the industry.
Strong Legislative Support: Over 15 Utah legislators have toured the Panhwar Jet facility, expressing strong support for the company's innovations.
The Panhwar Jet drone is scheduled to take flight by the end of December, with the goal of breaking multiple world records.
Anticipated pre-orders totaling $100 million by Mar of 2025.
Commence the FAA certification process by Mar 2025.
The company anticipates going public with an IPO by Sep 2025.
FAA Certification scheduled for completion by the end of 2026
Commencement of aircraft deliveries in the US expected by the end of 2027
Deliver 100 cargo drones by end of 2028.