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Fruity Chutes Inc

Fruity Chutes Inc

Fruity Chutes strives to be the world class supplier of parachute safety systems for the small to medium unmanned aircraft systems market.

Los Gatos, California, US

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Reservations

$0 of $500,000
Equity

Fruity Chutes Inc is raising $500,000 with a minimum reservation of $50,000. Numbers displayed include non-binding reservations before investors are verified, signed, or closed.

Highlights

  • We are to drones what airbags are to the automotive industry.
  • Done Industry health requires parachute safety for risk mitigation.

Elevator Pitch

Fruity Chutes strives to be the world class supplier of parachute systems for the small to medium unmanned aircraft systems market (sUAS), like air bags are safety system for automotive industry.

Traction

2007 - Founded company with focus on parachutes for rocketry and research.

October, 2007

2009 - Began to sell into the very young sUAS (aka Drones) market

January, 2009

2011 - Began to specialize products for the UAV Market. Developed a new high efficiency parachute called the Iris.

January, 2011

2013 - Sourced vendors for proprietary Spectra line for parachutes, decreased weight approximately 25%.

December, 2012

2013 - Introduced Peregrine UAV CO2 Deployment System

January, 2013

2014 – Source 10 Denier ultra light fabric for parachutes. Saved additional 35% weight.

January, 2014

2016 – Introduced Hawk CO2 release for use with Peregrine UAV. Began work with AAI Textron on Shadow II Parachute system.

January, 2016

2017 – Started on Harrier consumer launcher. Worked on ASTM F38 committee for FAA flight over people rule set.

January, 2017

Launcher Harrier Parachute Launcher, obtained provision patent of Harrier release.

January, 2018

Documents

Confidential

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