Parallel Flight Technologies Founder Joshua Resnick on Hybrid Drones

Joshua Resnick

We’ve created patent-pending hybrid drone technology that will allow drones to carry heavy payloads for over two hours. This is a 10X solution over today’s electric-only drones. The technology is ideal for use in fighting wildfires, search and rescue, and logistics missions. Our unmanned, autonomous aircraft will also open new possibilities for medical logistics, construction, ship-to-shore, and other remote logistics applications.

Joshua Resnick

I almost lost my home to a wildfire in California, and I wanted to find a way to help solve the ongoing wildfire crisis. Parallel Flight Technologies could revolutionize the way we fight fires, but the applications go into many other verticals.

Joshua Resnick

I lived in Alaska for 12 years where I owned my own company developing hybrid power systems for Alaskan fishing boats to increase fuel efficiency. These systems had to survive one of the toughest environments on earth – the Bering Sea. Following this, I led system architecture for the Tesla Semi truck program, which was a formative experience in a scrappy, mission driven company. These two experiences have formed me both as an entrepreneur and an engineer. I am passionate about solving tough problems to help the environment using extreme hardware on the edge of the laws of physics.

Joshua Resnick

The future is going to rely on autonomous systems to do work that is dull, dirty, or dangerous. Parallel Flight is developing technology to serve logistics missions that are in high risk environments, where human lives are on the line. In the wildfire industry, for example, unmanned systems will deliver tools and supplies to firefighters on the front lines. They will autonomously extinguish spot-fires. Ultimately they will detect and suppress fires as soon as they start, changing the game and ending the era of megafires which have destroyed communities around the world.

Joshua Resnick

My co-founders and I have known each other for about 5 years, since I moved to California, and I have known our test engineer since college. Their backgrounds are in robotics, drone autonomy, and computer science. We have also brought on an excellent mechanical engineer with great startup experience, as well a business operations person. Finally, we are very fortunate to have a top-notch advisory board with drone, startup, business development, and finance experience.

Joshua Resnick

There is definitely competition in this space. Competitors are either all-electric heavy-lift systems or gas powered helicopter configurations. We differentiate through our proprietary parallel-hybrid technology, which is more efficient and has intrinsic redundancy. We have roughly 10X the flight time vs. an all-electric solution while carrying a heavy payload. In an engine failure, our aircraft can continue to fly and land much more easily than a comparable helicopter system.

Joshua Resnick

We will sell solutions to fire, industrial logistics, and healthcare. The revenue streams include product sales and leases, service contracts, and solutions R&D.

Joshua Resnick

The public is enthusiastic about solutions for technologies that address environmental and public safety issues. People want to contribute to innovative solutions, especially if they can “do well while doing good.” We have had amazing support from our personal F&F networks, then from our first Reg CF round which oversubscribed in just over two months. We have also had great support from the federal government via grants from NASA and NSF. We will use the capital from our current round to hire a drone pilot to begin flying missions with our early partners, hire additional engineers, and hire top-notch technicians to build our beta level drones for our customers.

Joshua Resnick

We are mission driven technologists and problem solvers. The team is passionate about making a difference soon and bringing this technology market!

Joshua Resnick

We want our technology to be deployed worldwide, at scale, in multiple industries from fire to construction to medical deliveries. We also see our technology enabling critical links in the supply chain and at the ready for future crises such as pandemics. Exit opportunities could include acquisition by large logistics companies, acquisition by aerospace companies, or IPO.