FlyWorks

High-endurance Hybrid Drones

Aerospace, Defense & HLS
Private
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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. In July 2019, FlyWorks secured Seed funding from Incubit Ventures.

Business overview

FlyWorks specializes in developing and patenting a novel approach to powering multi-rotor drones using a gas engine, combining the capabilities of gasoline with the safety and simplicity of a multi-rotor design. Its core technology integrates an internal combustion engine for primary power with a limited electric drive system for maneuvering. This technology is applicable across various drone platform sizes, enabling multi-rotor platforms for diverse applications such as land surveying, utility inspection, and air taxis. The company operates within the Aerospace, Defense & HLS sector, targeting markets in Israel, Europe, Asia, and North America.

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Company Intelligence Q&A

What is FlyWorks' primary technological innovation?
FlyWorks has developed and patented a novel hybrid propulsion system for multi-rotor drones, combining a gas engine for endurance with an electric drive for maneuverability. This technology allows for extended flight times and operational flexibility.
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 was FlyWorks' most recent funding event?
In July 2019, FlyWorks secured Seed funding from Incubit Ventures.
Which organizations have provided grants to FlyWorks?
FlyWorks has received grants from the BIRD Foundation in July 2022, the Israel MOD in May 2018, and the Israel Innovation Authority in January 2017.
What markets does FlyWorks target with its drone technology?
FlyWorks targets geomarkets including Israel, Europe, Asia, and North America, with applications spanning land surveying, utility inspection, and air taxis.
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