Expecting to deliver fleet of all-electric cargo drones by Q4 2025.
Secure $75M in pre-order sales by Q2 2025 to drive market expansion.
Acquiring a 220-acre regional airport in Colorado to start manufacturing by Q1 2025
A seasoned team with a track record of successful tech exits, now targeting an IPO by Q1 2026.
With remote operations, FAA certification for our drones is expected to be quicker and more streamlined.
We began by creating an onboard power generation system, reducing battery requirements by up to 70%.
Next, we designed custom electric motors that require less power while generating more torque, enhancing flight time.
We then tested propeller blades optimized for electric motors, maximizing efficiency and achieving higher speeds.
We’re excited to share that 90% of our components are now crafted in carbon fiber, and 70% of the assembly is complete. With the final touches underway, we’re gearing up for taxi run tests in the very near future.
The final step is to lease these cargo drones, generating profits for everyone involved.
Over 15 Utah legislators recently visited our facility, expressing strong support and enthusiasm for Panhwar Jet’s cutting-edge innovations. They were impressed by our all-electric cargo drone technology, recognizing its potential to revolutionize logistics and strengthen Utah’s position in aerospace innovation.
Ayisha Panhwar | CEO & Co-Founder
As the CEO of Panhwar Jet, Ayisha leverages her CTO experience to pioneer AI-driven solutions, fostering innovation and industry leadership. Combining software expertise with a passion for aviation, she aims to revolutionize industry, enhance operational efficiency, and deliver innovative advancements. Ayisha, Co-Founder of Panhwar Companies, is a seasoned expert in software development and AI (Artificial Intelligence). With 20+ years of experience in multi-nation cooperation in Dubai and multiple successful exits, she demonstrates leadership in developing innovative solutions. As a dedicated entrepreneur, Ayisha assembles formidable teams, steering Panhwar companies to industry leadership.
Nick Panhwar | Chief Engineer & Co-Founder
Nick Panhwar brings over two decades of expertise in power generation and propulsion systems to his role. A serial entrepreneur with a record of accomplishment of success, Nick has achieved profitable exits in both the United Kingdom and Dubai. His wealth of experience positions him as a seasoned professional in power generation and propulsion, and his entrepreneurial acumen reflects a history of successful ventures in diverse global markets. He plays a pivotal role in Panhwar Group's success, combining technical expertise with his drive for excellence in the aviation & Auto industry.
Ryan Higgins | Chief Strategy Officer
Accomplished Chief Operating Officer highly regarded for applying industry best practices using innovative technology to exponentially cut costs, streamline operations and increase productivity. Adept at identifying areas of strengths and weaknesses to devise solutions profoundly impacting bottom-line profits. Known for surpassing financial and service objectives via a combination of world-class delivery, lean operation methods renewed marketing directives, and creating incentive-driven rewards for team achievement. It derives genuine pleasure from transforming high-potential staff into outstanding leaders demonstrating the creativity critical to financial and operating success.
Instrumental in taking a Billion Dollar renewable energy company public on the NYSE by hitting critical milestones within 2 years, by increasing growth by 760%.
Carlos Said | Board of Advisor
Carlos Said, a seasoned executive, serves as a distinguished Board Member and Chief Executive Officer with extensive experience leading multinational companies and Private Equity Funds across diverse industries. His professional journey spans various sectors, including Industrial Manufacturing, Automation Services, Technology, and Services. Carlos is renowned for his proficiency in identifying and executing M&A opportunities, implementing synergies, orchestrating turnarounds, and managing disinvestments.
Beyond his strategic expertise, Carlos is distinguished by his passion for implementing disruptive strategies and business models that drive innovation and growth. His collaborative approach to decision-making ensures informed choices that contribute to the organization's overall benefit and success.
Jared Esselman | Aviation Advisor/ Test Pilot
Jared, the test pilot and aviation advisor for Panhwar Jet, has a notable background. Serving as a board member of directors at NCSL & NASAO, he played a pivotal role in advancing aviation legislation, successfully influencing laws in 25 states. With prior experience as a Director of Aeronautics, Jared currently holds the position of Vice President of Aerial Innovation in Utah.
We just achieved a significant step forward with our thruster installation. After powering it on for the first time, we’re thrilled with the results – not only did it perform well, but it was remarkably quiet while running at 500 RPM.
After three intense months, we’re thrilled to announce the completion of all components for our **remotely operated all-electric cargo drone prototype**! This milestone includes our custom-built thruster and specially designed blades—both engineered entirely in-house for optimal performance and efficiency.
The month of May was indeed a busy one for us, marked by significant milestones and achievements. From reaching major milestones to hosting a dozen legislators and House Representatives, it was a period of intense activity and fruitful interactions.
Last week, we had a productive meeting with Congressman Burgess Owens discussing how Panhwar Group / Panhwar Jet can support Utah’s mission of developing an inland port and transforming it into a zero-emissions massive logistics hub, alongside backing Utah's Winter Olympics in 2034.
We were honored to welcome Phil Layman, candidate for Governor of the State of Utah, along with his running mate Natalie Clawson, candidate for Lieutenant Governor, to our facilities.
I'm thrilled to announce that we've officially filed for FAA experimental certification for our Panhwar Jet prototype, which is set for its maiden flight in July 2024, expected to last a remarkable six hours. This is a major step toward achieving our mission of revolutionizing aviation.
From the outset, we understood that building an airplane would be anything but easy. Here's yet another testament to our unwavering determination: After finalizing our custom high-torque electric motors, our next challenge was to procure custom propeller blades for optimal efficiency.
I've always believed that where there's a will, there's a way, and unseen forces will guide us. This rings especially true for our latest project.
I am thrilled to share our latest breakthrough in aviation manufacturing! Witness how our team at Panhwar Jet is pushing the boundaries with the second prototype of the Panhwar Jet, leveraging 3D printing to redefine what's possible.
We are grateful for Senator Harper's visit to our hangar today. It was a productive discussion focused on the potential for growth and scaling of Panhwar Jet's manufacturing in the coming months. This expansion is not only expected to create numerous job opportunities but also to contribute significantly to the economy.
Being at Capitol Hill last Friday was a true honor, where we met with distinguished members of the House of Representatives and Senators, including Derrin Owens, Jeff Stenquist, Todd Weiler @Wayne Harper, Daniel Thatcher, Joel Briscoe, Susan Pulsipher, @Jen Plumb, many others.
Delighted to announce our partnership with Ross Group, our esteemed advocate in Utah and beyond. Their unparalleled expertise in technology lobbying is crucial as we bring our cutting-edge propulsion technology to the forefront of the hashtag#CleanEnergy movement.
Panhwar Jet we hosted a remarkable event where we unveiled our groundbreaking proprietary propulsion system with an astounding 78% efficiency rate. This innovation enables us to extend flight times by a whopping 6 times compared to our competitors.
Dear LinkedIn Network,
Our highly anticipated Matt Black plane will arrive at the Hangar at Skypark Airport on Friday.
We are thrilled to announce that our fuselage is nearing completion and soon be ready for paint. As you may know, our branding revolves around the color Black. However, we've received suggestions to consider White as an alternative option.
Steve has 30 years of extensive experience and knowledge in the aviation industry. He led all aviation capability development and sustainment efforts. He will be helping us manufacture our long-range electric aircraft and leading the effort to get FAA certifications.
We are thrilled and honored to have Jared Esselman join Panhwar Jet as Aviation Advisor. He will be taking our first flights as a pilot.
We are truly honored and humbled to reshare this post by UCI about our journey and accomplishments as a startup at Panhwar Jet We thank you for your support over the years and well wishes!
We are honored to share this post, featuring our CEO on the cover page of the most prominent World's Leaders® Magazine as the "World's Influential Women in Aerospace and Aviation Industry, 2023."
Exciting news, we have moved to Hangar at Skypark Airport in Woods Cross, Utah. Our engineering team has started work on our fuselage and propulsion system manufacturing.
The aircraft would be propelled by 2 sets of 3 thrusters. The first pre-production aircraft scheduled to be manufactured in 18 months.
It was a pleasure to host our investors, owners/executives of prominent energy companies, and independent industry experts for a demo of Panhwar Jet’s Wind Powered Energy Generation System.
Hi there! Could you introduce Panhwar Jet and what sets it apart from other projects in the industry?
Hello, Sarah! Panhwar Jet is our groundbreaking initiative to develop the world’s first all-electric long-range cargo aircraft. What makes us unique is our unconventional approach and vertical integration, enabling us to achieve milestones faster and at lower costs compared to others in the field.
That sounds impressive! How does Panhwar Jet manage to fly for six hours while other similar aircraft can only manage 20 minutes?
Great question, James! Our aircraft's ability to fly for six hours is made possible by our custom power generation system and electric motors, which we meticulously designed for superior energy efficiency and power management.
Why do you anticipate getting FAA certification faster for Panhwar Jet?
Well, Emily, our team boasts extensive FAA experience, and with the growing familiarity with electric aircraft, we expect the certification process to go smoothly. Additionally, we're providing ample experimental data and adhering to rigorous safety measures.
What led you to focus on the cargo industry?
We identified a significant need for better, more reliable, and cost-effective transportation within the $210 billion cargo industry. Our electric aircraft offers sustainability and the flexibility to utilize regional airports, addressing critical logistical needs.
How did you decide on Utah for manufacturing Panhwar Jet?
Utah's strategic advantages, including its inland port project and upcoming 2034 Winter Olympics, made it an ideal choice. These factors position Utah as a major logistics hub for the Western U.S., providing excellent opportunities to showcase our eco-friendly transport solutions.
When was the design of the aircraft finalized?
We completed the aircraft design in May 2022.
When was the propulsion system ready for use?
The propulsion system was ready to go in December 2022.
When did you complete the Computational Fluid Dynamics (CFD) for manufacturing?
We finished the CFD for manufacturing in March 2023.
When were the aircraft controls finished?
The aircraft controls were completed in May 2023.
When do you expect to finish manufacturing the aircraft?
We're on track to complete the first prototype manufacturing by June 2024.
When is the first flight scheduled for Panhwar Jet?
Mark your calendars for July 2024 for our first flight.
When do you plan to start FAA certification?
We're planning to start FAA certification in August 2024.
When will you begin accepting pre-orders for Panhwar Jet?
We'll start taking pre-orders in December 2024, aiming for $100 million.
When is the IPO planned for Panhwar Jet?
Our IPO is planned for June 2026.
When do you aim to complete three prototypes?
We aim to complete three prototypes by December 2026.
When do you expect to finish FAA certification?
We expect to complete FAA certification by December 2027.
When will deliveries of Panhwar Jet begin?
We plan to start deliveries in December 2028.
How does Panhwar Jet plan to generate revenue?
We're leasing each aircraft for $6 million, with a $300K upfront deposit and $120K monthly payments over four years, aiming to generate a total revenue of $2.1 billion starting in 2028.
What financial benefits are you offering to investors?
With manufacturing costs under $1 million per aircraft and projected revenue of $2.1 billion, we anticipate an EBITDA of $1.771 billion and a profit margin of about 83.5%.
What recognition has Panhwar Jet received so far?
We've been honored as "The Next Big Thing in Utah" by Utah Business Magazine, and our CEO is recognized as one of the most influential women in aerospace and aviation.