Bringing Personal Flight to Everyday Travel

A return on an investment in a private company like Doroni typically occurs during a "liquidity event." For our shareholders, this would most likely happen in one of two ways:

• An Initial Public Offering (IPO): As the company grows and meets key milestones (like achieving FAA certification and scaling production), we may choose to become a publicly-traded company on a stock exchange. At that point, your private shares would become publicly tradable.
• A Strategic Acquisition: A larger aerospace, automotive, or technology company may choose to acquire Doroni to enter the personal eVTOL market. In this scenario, your shares would be purchased as part of the acquisition deal.

The potential for a return is directly tied to our success in executing our business plan. By hitting our milestones—completing certification, generating revenue from aircraft sales, and growing our market share—we increase the fundamental value of the company, which in turn increases the value of your investment.

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Yes, absolutely. The H1-X is the crucial first step in a much broader, long-term vision. We see it as the foundational platform that unlocks a wide range of future opportunities:

• A Family of Aircrafts: The technology and certification experience gained from the H1-X will be leveraged to develop future models, such as a 4-seat version for families or specialized variants for cargo, logistics, EMS and military applications.
• Global Expansion: After establishing a strong base in the U.S., we have a clear strategy for international expansion, supported by our design that is optimized for global shipping.
• Advancing Autonomy: The semi-autonomous systems in the H1-X are the building blocks for full autonomy. As technology and regulations mature, we will be positioned to lead in the autonomous personal aviation market.
• Commercial Applications: Beyond personal use, our platform is ideal for future on-demand mobility services and other commercial operations.

Investing now is not just an investment in a single aircraft; it's an investment in a technology platform with a multi-decade roadmap of growth and expansion.

This is a result of technology readiness and a classic case of the "Innovator's Dilemma."

• Technological Convergence: This opportunity has only recently become viable due to the convergence of three key technologies: high power-density batteries from the EV revolution, lightweight high-output electric motors, and advanced, affordable computing for fly-by-wire systems. This window of opportunity has only been open for a few years.
• Focus and Agility: Large aerospace companies are structured to serve their existing, multi-billion dollar markets (like airliners or military contracts). A disruptive, initially niche market like personal eVTOLs can be seen as a distraction. As a focused startup, we can move much faster and dedicate 100% of our resources to this specific goal.
• Risk Profile: We are built to embrace the calculated risks of a new certification pathway like MOSAIC. Larger, more established companies are often more conservative and slower to adapt to new regulatory frameworks. Our agility is a significant competitive advantage.

The proceeds from this current offering are a crucial bridge to our next, larger funding round. This capital is not intended to fund our entire 24-month plan, but rather to accomplish a specific set of critical near-term milestones that maintain our momentum and significantly de-risk the company for the next stage of investment.

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Specifically, these funds will be used to:

• Proceed to Detailed Engineering: Progress with the production-intent engineering blueprints for the H1-X, translating our proven prototype design into a fully-documented, certifiable aircraft.
• Expand Core Engineering Team: Hire key personnel with expertise in areas like FAA certification, avionics integration, and manufacturing processes.
• Prepare for Reg A Offering with a higher valuation: Cover the substantial legal, accounting, and compliance costs associated with preparing and launching our planned $45 million Reg A funding round.

This funding round is a crucial part of our overall capitalization strategy which allows us to hit key milestones in the near term. We plan to launch a larger crowdfunding round (Reg A) with, hopefully a higher evaluation, early 2026.

Our primary goal is to build a profitable, self-sustaining, and world-leading company in personal air mobility. A successful exit for our early investors is a direct result of achieving this goal. The most likely exit scenarios are a strategic acquisition by a larger entity or an IPO. Both options provide the liquidity for our early shareholders to realize a return on their investment. Our focus remains on building fundamental value, which makes these exit opportunities possible. We believe that we are a good candidate for both an IPO or an acquisition by a larger company.

Our strategy is to target a clear primary market with several logical secondary applications.

• Primary Focus: Personal ownership. This includes private pilots, recreational flyers, and individuals seeking a new form of personal mobility for travel between their properties.
• Secondary Industries: We are also actively targeting markets where the H1-X provides a clear advantage, including law enforcement, first responders (EMS/Fire), agriculture (ranch and farm management), and utility/infrastructure inspection. This is subject to MOSAIC/LSA certification restrictions.

We see our competition in two main categories:

• Indirect Competitors (Air Taxis like Joby, Archer): These companies are building a different business model focused on a future transportation service. Our advantages are a significantly faster, less expensive, and de-risked path to market by focusing on the existing LSA certification pathway and selling a product directly to consumers. We are not dependent on the future construction of expensive vertiport infrastructure.
• Direct Competitors (Other Personal eVTOLs): Against other companies in our specific market, our key advantages are:
  
  • Strong Patent Portfolio: Our unique and efficient tandem-wing ducted-fan architecture is protected by five issued U.S. patents, creating a significant competitive moat.
  • Pragmatic Design: Our design is specifically tailored to the FAA's LSA/MOSAIC rules, ensuring a clear and efficient path to certification.

Our main target audience is the existing market for personal mobility and recreational vehicles. Specifically:

• The hundreds of thousands of existing private pilots who are seeking an aircraft that is safer, quieter, more efficient, and more versatile than traditional options.
• Tech early adopters and high-net-worth individuals who value their time, appreciate cutting-edge technology, and have the financial means for a high-end recreational vehicle like a boat, luxury RV, or sports car.

Yes, strategic partnerships are a core part of our business model and allow us to focus on what we do best. We are actively pursuing partnerships in several key areas:

• Technology Suppliers: We are partnering with world-class Tier 1 suppliers for certified components like batteries, motors, and avionics. This de-risks our development and leverages their expertise.
• Service and Training: We will be partnering with established aviation maintenance facilities and flight schools to build out a national service and training network for our owners.

Financial Services: We will be working with banks and insurance underwriters to provide our customers with competitive and accessible financing and insurance options.