Hangar Technologies, Inc.

Hangar Technologies, Inc. is a leading provider of advanced aerospace solutions, delivering innovative unmanned aerial systems and monitoring services for commercial and defense sectors, enhancing operational efficiency and safety. Founded in 2016 and headquartered in Austin, US, Hangar Technologies, Inc. specializes in the development of unmanned aerial systems.

In 2019, they successfully completed their Seed funding round, raising USD 6. 5 mn, led by Lux Capital and included investors such as Fontinalis Partners and Interlock Partners. The company has completed 2 deals to date. Hangar Aerospace specializes in advanced aerospace solutions, focusing on the development and deployment of innovative technologies designed for both commercial and defense applications.

Their core product offerings include unmanned aerial systems (UAS) and aerial monitoring services, utilized extensively in sectors such as agriculture, environmental monitoring, and infrastructure inspection. The products serve a diverse customer base including government agencies, agricultural enterprises, and industrial companies across North America and Europe, reflecting the company’s commitment to ongoing innovation in the aerospace sector. Hangar Aerospace generates revenue through a structured sales model encompassing direct-to-consumer and business-to-business transactions. The primary revenue streams are driven by sales of unmanned aerial systems, complemented by ongoing service agreements for software updates, maintenance, and technical support.

Their pricing structures cater to both individual users and large organizations, ensuring effective service delivery and maintaining robust financial performance through established contracts and repeat business. Hangar Technologies, Inc. plans to introduce new products aimed at enhancing their unmanned aerial systems portfolio and anticipates launching these offerings in the coming year. The company is also targeting expansion into European and Asian markets by 2025, capitalizing on the increasing demand for aerial solutions.

The recent Seed funding round will be utilized to support the development of these new technologies and facilitate market entry strategies. In September 2019, Hangar Technologies was acquired by AirMap, Inc. , a move that aligns with their growth ambitions.