Parallel Flight Technologies, INC.
Parallel hybrid propulsion system for heavy-lift drones combining electric and combustion engines with novel control algorithms
- Sector
- Aerospace
- Headquarters
- La Selva Beach, CA
- Founded
- 2018
- Latest Form D
- $1.5M offered, Jun 2020
- Total capital
- $5.6M
- Federal grants
- $2.1M
- 5 awards · 2019–2025
- Rank in peer group#31 of 38
- Private capital raised
- $1.5M
- 1 Form D · last Jun 2020
- 76 months since last filing
- Federal contracts
- $2M
- 1 award · Defense
- Rank in Aerospace#479 of 1335
- Granted patents
- 5
- 7 pending · first 2021
- Rank in peer group#6 of 38
Capital timeline
Latest events
- Federal grantDefense · Phase II · SBIR Phase II$1M
- Federal contractDefense · SBIR Phase II$2M
- Federal grantAgriculture · Traditionally, Aerial Prescribed Burn Missions Have Been Dangerous To Human Life, Restricted To Limited Flight Conditions And Times, And Expensive To Execute. These Missions Are Performed Using A Manned Helicopter With Two Crew Members Aboard And Equipped With A Plastic Sphere Dispenser (psd) System. What Makes The Psd Controlled Ignition Missions Dangerous Is That They Are Typically Flown In The Dead Man Zone Where The Helicopter Is At A Very Low Altitude With Insufficient Room To Recover From $650K
- Federal grantAgriculture · Reducing Wildfire Risk With Large Scale Prescribed Fire Drones$100K
- Offering registeredForm D · SEC · 1st filing$1.5M
- Federal grantNSF · Phase I · SBIR Phase I: Control Strategy for Parallel Hybrid Multirotor$225K
- Federal grantNASA · Phase I · Parallel Hybrid Multi-Rotor$124K
Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.
Federal first
10months
from Parallel Flight Technologies, INC.’s first federal award to its first private round.
- First federal award · Aug 2019
- NASA · $124K
- First Form D · Jun 2020
- $1.5M · 1st Form D
- Awards before first raise
- 2 awards
An association in public records, not a cause or a prediction.
Standing among 38 peers
Line = medianAerospace · Components · System
- Federal grantsBelow median
- Granted patents#6 · top 16%
Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.
Founders and team
Researcher links verified by same-company patents and grants- Joshua Alan ResnickResearcherExecutive OfficerLinked by 3 patents · $349K in grants as PI
What it has protected
USPTO · 5 granted of 12- PendingPower Module And Clutch Mechanism For Unmanned Aircraft SystemsUSPTOApplication 19043170
- GrantedPower Module And Clutch Mechanism For Unmanned Aircraft SystemsUSPTOUS 12,240,621
- GrantedSystem Defining A Hybrid Power Unit For Thrust Generation In An Aerial Vehicle And Method For Controlling The SameUSPTOUS 12,172,767
Show all 12 patent records
- Power Module And Clutch Mechanism For Unmanned Aircraft SystemsJun 5, 2025 · Application 19043170Pending
- Power Module And Clutch Mechanism For Unmanned Aircraft SystemsMar 4, 2025 · US 12,240,621Granted
- System Defining A Hybrid Power Unit For Thrust Generation In An Aerial Vehicle And Method For Controlling The SameDec 24, 2024 · US 12,172,767Granted
- Method And Apparatus For Lifting A PayloadMay 28, 2024 · US 11,993,375Granted
- System Defining A Hybrid Power Unit For Thrust Generation In An Aerial Vehicle And Method For Controlling The SameJan 2, 2024 · US 11,858,632Granted
- System Defining A Hybrid Power Unit For Thrust Generation In An Aerial Vehicle And Method For Controlling The SameOct 19, 2021 · US 11,148,820Granted
- Method And Apparatus For Lifting A PayloadAug 22, 2019 · Application 16215011Pending
- Power Module And Clutch Mechanism For Unmanned Aircraft SystemsApplication PCTUS2023021941Pending
- System Defining A Hybrid Power Unit For Thrust Generation In An Aerial Vehicle And Method For Controlling The SameApplication PCTUS2021065248Pending
- Parallel Hybrid Multi-rotorApplication 63007291Pending
- System Defining A Hybrid Powertrain For Thrust Generation In An Aerial Vehicle And Method For Controlling SameApplication 62967021Pending
- Method And Apparatus For Lifting A PayloadApplication 62632400Pending
Related companies, and why
- Albido CorporationSimilar federal contract value in Aerospace · $2M in contracts
- CROSS TRAC ENGINEERING, INC.Similar federal contract value in Aerospace · $2M in contracts
- ANZEN UNMANNED, LLCSimilar federal contract value in Aerospace · $2M in contracts
- SICDRONE CORPORATIONSimilar federal contract value in Aerospace · $2M in contracts
- LONGSHOT SPACE TECHNOLOGIES CORPORATIONSimilar federal contract value in Aerospace · $2M in contracts
- AscendArc, Inc.Similar federal contract value in Aerospace · $2M in contracts
Regulatory activity · Aerospace
- Nondiscrimination in Federally Assisted Programs of NASA-Effectuation of Title VI of the Civil Rights Act of 1964National Aeronautics and Space Administration
- Special Conditions: AMAC Aerospace, The Boeing Company Model 747- 8 Airplane; Side-Facing SeatsFederal Aviation Administration
- Standard Instrument Approach Procedures, and Takeoff Minimums and Obstacle Departure Procedures; Miscellaneous AmendmentsFederal Aviation Administration
- Operating Limitations at John F. Kennedy International AirportFederal Aviation Administration
- Operating Limitations at New York LaGuardia AirportFederal Aviation Administration
- Special Conditions: Honeywell Aerospace US LLC, Dassault Aviation Model Falcon 900EX Airplane; Electronic System Security Protection From Unauthorized External AccessFederal Aviation Administration
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.
Sources
Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.
How to read this page
Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.
Data freshness
SEC Form D filings through . SBIR and STTR awards through .