FlyWorks
High-endurance Hybrid Drones
Company Overview
Snapshot
Founded in January 2017 by Gad Peleg and Rei Avishai, FlyWorks operates with 1–10 employees. The company has raised $775K across four funding rounds. FlyWorks secured a grant from the BIRD Foundation in July 2022.
Business overview
FlyWorks develops high-endurance hybrid drones, utilizing a patented technology that powers multi-rotor drones with a gas engine. This innovative system combines the efficiency of gasoline with the safety and simplicity of multi-rotor designs, using an internal combustion engine for primary power and a limited electric drive for maneuvering. The technology is adaptable to various drone platform sizes, enabling applications such as land surveying, utility inspection, and air taxis. The company operates within the Aerospace, Defense & HLS sector, with a focus on unmanned systems and energy management, serving industries like defense, utilities, and agriculture.
Company Intelligence Q&A
- What is FlyWorks' core technology?
- FlyWorks has developed and patented a novel approach to powering multi-rotor drones with a gas engine. This technology combines the capabilities of gasoline with the safety and simplicity of a multi-rotor design, using an internal combustion engine for primary power and an electric drive system for maneuvering.
- When was FlyWorks founded and by whom?
- FlyWorks was founded in January 2017 by Gad Peleg, who serves as CEO, and Rei Avishai, the CTO.
- What significant funding has FlyWorks received?
- FlyWorks has raised a total of $775K across four funding rounds. In July 2019, the company secured funding from Incubit Ventures.
- What grant funding has FlyWorks received?
- In July 2022, FlyWorks secured a grant from the BIRD Foundation. The company also received grants from the Israel MOD in May 2018 and the Israel Innovation Authority in January 2017.
- What markets does FlyWorks' drone technology address?
- FlyWorks' drone technology is applicable to various drone platform sizes, suitable for applications such as land surveying, utility inspection, and air taxis. The company targets markets including Israel, Europe, Asia, and North America.