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Gary Levy | Managing Director
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(516) 457-0104
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Overview
Alpine Vertical is raising $20 million of equity to grow its next generation electric Vertical Take-Off and Landing (eVTOL) aircraft. Expected to fund company through initial profitability by 2028.
Why Now?
- Urban and regional air mobility markets are maturing; regulatory pathways and consumer demand are aligning
- eVTOL cost structures and certification hurdles still restrict widespread deployment
Why Alpine?
- Proprietary hybrid VTOL platform leveraging a certified aircraft base
- Accelerated path to early revenue using experimental certification
- Targeting underserved high-impact segments: EMS, pilot training, and personal VTOL
The Problem
- Vast majority of Urban Air Mobility (UAM) investment focuses on long-term air taxi models, overlooking:
- Cost-conscious EMS and government applications
- High-volume pilot training demand
- Enthusiast/private buyers requiring sub-$1M aircraft
- Current eVTOLs cost $3–5M+, require Part 135 certification, and have long timelines to market
Solution
THE ARGON – hybrid Vertical Take-Off and Landing (hVTOL) aircraft – combines electric propulsion with enhanced aerodynamics, offering superior operational safety and efficiency compared to conventional rotorcraft.
Product and IP Overview
The Argon
Opportunity/Differentiation
- The global market for eVTOL aircrafts was $1.2 billion in 2023 and is projected to reach $17.7 billion by 2030, growing at a CAGR of 47.5% from 2023 to 2030
- The private eVTOL market alone is expected to see up to 300,000 vehicle shipments between 2025-2050
- Alpine Vertical’s strategic advantage is its use of an existing certified aircraft kit (i.e. experimental amateur-built certification approach), allowing for:
- reduced regulatory hurdles
- accelerated time-to-market
- immediate revenue generation
- Model is more cost-effective than traditional helicopters and many eVTOL competitors, benefiting from a simplified production process using existing supply chains
Competition
BusinessModel/
Commercialization Strategy
Commercialization Plan:
Phase 1: 2026–2028
- Kit sales with modular hVTOL upgrades
- Certified as Experimental Amateur-Built
- Early cash flow and customer feedback
Phase 2: 2028–2029
- FAA engagement for Part 23 and Part 135 certification
- Scale manufacturing, establish OEM-level reliability
Phase 3: 2029+
- Launch air mobility services (public/private)
- Explore defense and specialized logistics applications
Management
Stephen Tibbitts – CEO and Chairman
Arguably the earliest prognosticator of eVTOL technology as proven in a 2005 NASA SBIR proposal. Four-time serial entrepreneur with multiple exits. Engineer and inventor – founded Silicon Reality, PICCO, FabLab LLC, and RealTool. Held several Director and VP level positions. Holds five US patents and three pending patents. Private pilot and electric vehicle enthusiast. BSEE from Washington State University.
Gurbir Singh- CTO
Engineer, inventor, and former Intel employee for 27 years. Helped invent the multiprocessor technology used in most server systems today, led the development of several processors, and was responsible for the invention of the multiprocessor technology used in most server systems today. Evaluated patents, technology, and companies for acquisition by Intel. Has 29 US and three international patents. Author and co-author of several papers and a book on multiprocessor interconnection technology. Master of Science in electrical engineering from Clemson University.
Don McLane – VP of Engineering
Worked in both educational and commercial engineering. Thesis was in system identification and has multiple publications. Develops and creates open- source hardware and software. One of the organizers of the Pacific Rim Collegiate CyberDefense Competition. Master of Science in Electrical Engineering from Notre Dame.
Sean Solly
In aerospace industry for over 34 years with 22 years in the US Air Force and 12 years in industry. Multiple assignments flying the E-3, VC-25 and VC-32. While in the Air Force worked assignments in experimental and developmental flight test, requirements, safety, and line operations. In industry, worked for several companies with roles in operational concepts, flight deck design and integration, configuration management, program and product management, sales, marketing, and business development. BS in Aerospace Engineering from the US Air Force Academy and MBA from Oklahoma City University.
Specific Risks
Capital Intensity and Funding Risks
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- Developing, testing, and manufacturing eVTOLs requires significant capital
- If the company cannot secure continued funding, it may face liquidity issues, production delays, or insolvency
Market Adoption and Infrastructure Challenges
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- Widespread eVTOL adoption depends on consumer acceptance, air traffic management solutions
- Delays in market acceptance could hinder revenue generation
Technological and Supply Chain Risks
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- Battery technology limitations (range, charging time, degradation) impact performance and operational viability
- Dependence on specialized suppliers for key components (e.g., electric propulsion systems, avionics) creates potential production bottlenecks
Competitive and First-Mover Disadvantages
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- Established aerospace giants and well-funded startups (e.g., Joby Aviation, Archer, Beta) already dominate the space
- Alpine Vertical may struggle to differentiate itself or scale quickly enough to compete effectively
Regulatory and Certification Risks
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- eVTOL aircraft must meet stringent aviation safety standards set by regulatory bodies (e.g., FAA, EASA). Delays or failure to obtain certification could push back commercial operations, increasing costs and investor uncertainty
Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment
