Air Future Ltd

By Air Future

PledgeMe.Investment

Technology,



NZ $262,400 pledged


136 people pledged


Closed


NZ $200,000 minimum target


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NZ$200,000

Max

NZ$1,850,000

100 100% Complete

This campaign was successful and closed on 20/03/2022 at 8:00 PM.

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About

Air Future Ltd

Our mission is to assist consumers, businesses and overall New Zealand to accelerate affordably and enjoyably towards sustainable energy and demonstrate that clean vehicles and energy storage can be readily available for all people.

The pictures herein are photos or digital productions of actual products unless indicated.

 

  

 

ABOUT OUR COMPANY

Air Future Ltd is a New Zealand company seeking to create a revolutionary niche in New Zealand’s shift to a cleaner climate. New Zealand along with the rest of the world is increasingly aware of the need and targets to battle climate change. Air Future Ltd seeks to roll out its clean products across New Zealand, Australasia, and the Pacific Islands; products spanning both clean transport and energy storage in homes and communities with local manufacture and employment.  

A new era of compressed air energy & storage & clean vehicles

We plan to commence with the current range of entry products and aim to expand that via development of further products to meet the anticipated growing demand for a cleaner climate. Our technology and products are the brainchild of our technology partners, MDI in France, who have the brand and the patents whereby they replaced chemical battery storage with cleaner compressed air storage.

 

Products for everyone in a clean climate era

Air Future Ltd seeks to mass commercialise these products, as MDI do not mass commercialise themselves but only do research and development or private client fulfilment. We consider that this is a great opportunity for both partners, and especially for Air Future Ltd having the exclusive licence rights for all the Australasian region. What we seek to do is to create an Australasian showcase for the technology and products, a global first, by rolling out the entry products. Success will have  broader beneficial implications both geographically and for future products.

 

Australasian region includes Australia, New Zealand and Pacific Islands.  Air Future Ltd has purchased entry product licence rights for Australasia.

Air Future team and MDI in France. Chairman Russell Fitts with Cyril Negre in Airpod 2.0.

 

Why Australasian showcase

Australasia combines a huge geography and variation in climate and many different cultures and languages. Generally the climate has sufficient stability and flexibility for sunshine and wind clean climate projects. Australia is a world leader in solar and in energy storage and is advancing srtongly in community energy.

Above is an artist’s impression of our vision for the future showing a household with the pipeline AirOne family car, the AirPod utility vehicle, the Airwall energy storage unit, rooftop solar, and a Veolia MDI AirBom waste collection vehicle.

 

The product technology seeks to create products that are practical and affordable for the masses, focusing on transport  and energy storage, including broad applications for transport and for home or community solar storage. Current chemical batteries or hydrogen have numerous disadvantages creating niche markets for Air Future Ltd.

 

 

 

The technology’s storage unit consists of a uniquely designed compressed air engine, integrated with functions providing compression, storage, expansion, and thereby power to drive a vehicle or generate electricity – the original energy source being solar or wind or the electricity grid. Storage is flexible by varying the engine capacity or the storage tanks. In effect it’s a “compressed air battery”. 

Vehicles are constructed using very strong but lightweight composite materials (similarly to in racing cars) and there will be an option for a hybrid using biofuel to add further to the range. Refill options can be speedy via air stations or alternatively by home plug in. 

Pictures of parts being constructed in Europe for World Expo Dubai (October ‘21)

 

The above relates to a private client project by MDI in Europe but is indicative of the operation intended for Australasia. Components can be outsourced or constructed and assembled in proprietary factory locally. Factories are what is called “turnkey” meaning they are pre-designed and replicated regionally. 

 

 

 

WHAT WE HAVE DONE SO FAR

 

Air Future Ltd has operated with the small executive team below using outsourcing of personnel and functions as needed, plus ably supported by MDI.

 

Executive focus has been on preparation for the following areas: products, organistation structure, markets, manufacture, and operations and sales channels. 

Products have been the primary focus, securing the optimal licensing rights for the following entry level products, with the AirOne in pipeline. Potential future products for which further agreements would be sought  are in the Information Memorandum. Exclusivity spans products below.

Organisational structure has separated the functions needed for Air Future Ltd, those being incubation and investment, regional operations, and the two industries transport and energy. Each company has independence to generate most benefits within their area across Australasia and hence to Air Future Ltd and New Zealand as seen in the following diagram. 

 

Markets are the driving force behind the showcase rollout, and the priority in application of funds. The following give a brief introduction for each entry product.  

A major development being brought by renewable energy is distributed energy, for example in homes, communities, businesses, or remote locations. The modular nature of our technology’s storage is particularly well suited to the developments.

 

                                                                  

Solar, wind, homes, communities, buildings, commerce and industry have the opportunity to become more self sufficient, cleaner, and to lower costs via renewable energy. The hurdle is to counter intemittency – when sun and wind are absent. That needs storage, and AirPower and AirWall technologies have unique benefits over chemical batteries.

 

 

Our Future Plans

The current funding is intended to be applied to the immediately planned funded projects spanning markets & channels, demonstrations & pilots, and factory funding & preparation. In addition though, it’s important to establish the platform future projects. The latter including the funding of manufacture, factories and regional rollout will be separately funded, their foundation will be established by the current projects. 

Manufacture factory/production construction is what is called turnkey, meaning designed and provided by the licensor MDI in replicable form, and Air Future Ltd adapt the process to requirement for products and volumes to be manufactured. There is flexibility in manufacture, and the plan is in four phases: import demonstration product or outsource to local manufacture; smaller entry level factory; and upgrade to full operating mode as sales are expanded across regions.  

The immediate application of current investment sought can be seen in the following schematic under PLANNED FUNDED PROJECTS. This establishes the platform for commercialisation rollout under the PLATFORM FUTURE PROJECTS. 

 

Planned Funded Projects

The current funds sought will be used to implement the following two projects, plus appropriately resource and conduct the company's business.

Planned Future Projects

Whilst to achieve the above milestones is the current use of proceeds, in parallel they will set in place the platform to implement the next projects below and the commercialisation of the business.

 

 

Turnkey (replicable) factory design enables us to show examples of factory equipment in an operating factory. These pictures have been provided by MDI as used in their private client production. Our mass factories are intended to use the same process.

 

 

Sales channels, once markets are established under the immediate investment stage, are intended to focus on known distribution channels. Except for social media and direct marketing, sales are planned to be via wholesale channels and distributors. 

Sales channels already exist, and we just need to tap into them. Examples are solar panel companies, energy retailers, non-tied car distributors, specific industry sales channels such as for agriculture. Product advantages benefit channels.

 

 

WHAT THE FUNDS ARE FOR

This Crowdfunding is for $1,850,000 with minimum to be raised of $200,000. Minimum individual pledge is $1,000. Our focus intentions are on the markets & channels, demonstrations & pilots, and factory funding and preparation. By establishing these milestones the platform is set for subsequent factory building, production and sales, regional rollout, and further products.

Air Future Ltd timeline for the Australasian showcase is via progressive milestones over 1-3-5 years, with parallel increase in valuation sought, along with the aim to establish shareholder liquidity (yet to be progressed). In parallel $1,150,000 is sought from wholesale investors making the total $3,000,000.         

Projected Financials are not provided under this Crowdfunding as this stage being funded establishes the commercialisation platform not the sales operation (the next stage). Air Future Ltd has modelled limited factory operations internally. 

 

WHO IS OUR CROWD?

To date Air Future Ltd has been supported by existing shareholders, directors, and executive, during the incubation stage. Now in entering commercialisation the Company seeks to invite public and sophisticated investors. 

The Company feels that there is growing support for reduction in greenhouse gases and climate change, plus an awareness that the political and commercial world have committed to this direction. But there is limited scope to invest, as many opportunities are either too large, or too progressed and expensive. 

 Air Future Ltd provides an opportunity to partake in the climate journey whilst at the same time doing so early enough that it’s affordable, and to join the journey over the timeline milestones that have been set by the Company. 

The Directors and executive stress that both the climate industry and this Company carry risks and uncertainties, and that you should not invest if doing so will be a stretch financially. There is never a guarantee of success, especially in the entrepreneurial stage. We refer you to the Information Memorandum, and consider carefully the opportunity in line with the risks or seek advice.

 

 

A note from PledgeMe

We have completed Equifax checks on the company, Air Future Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings. 

Updates 9

We've crossed our Minimum for our Offer to Proceed

15/03/2022 at 4:50 PM

It’s great to have crossed our minimum threshold of $200,000. Thank you to all pledgers and a special warm welcome to those who will shortly become new shareholders.

 

With the events of the past weeks pushing fuel prices up in unprecedented fashion this may well be the occasion to say, as one of our shareholders wrote in a Facebook posting following his visit to Dubai Expo 2020 where he was a regular passenger on the MDI “Expo Explorer” train that, “our time has come”. It seems logical that it should have arrived as vehicles and home electricity generation powered by MDI compressed air technology must be the most environmentally friendly alternative energy solution around.

 

With only a few days left until the offer closing date of 20th March we are continuing to work hard to attract further investment. The more we can raise the more we can achieve and that’s better for the Company and all shareholders alike.

 

You may like to tell your friends about us and invite them to pledge also.

 

Thank you again.

 

From Russell, Mick & John. 

General Update

11/03/2022 at 2:37 PM

Thank you to our recent pledgers. We are getting close to achieving our minimum target of $200,000. Our presence in the Social Media is becoming active and we are  pleased that traffic to our Facebook page and comments have increased markedly particularly in the past week. With fuel costs increasing rapidly the energy saving and competitive advantages of the MDI engine and our AFL business model become more emphatic. News travels so please tell your friends and family about our crowd funding.

Our recent shareholder Newsletters can be downloaded at: https://www.airfuture.co.nz/our-business

If you have any questions please ask Mick or myself:

[email protected]

[email protected]

The MDI Technology in a Nutshell

11/03/2022 at 2:11 PM

The core of the MDI technology is a uniquely designed engine that runs on compressed air. The engine is reversible meaning that the engine can also store compressed ambient air for later use. The applications of the engine are extensive for both transport and electricity generation and most significantly energy storage – a compressed air battery.

 

·     The engine does not have internal combustion componentry so does not require cooling. 

·     The engine is lightweight  - the 430cc 7kW engine weighs 20kg - the 1,000cc 60kW engine weighs 35kg.

·     Engines have few moving parts and can be made large or small – with applications from TukTuk and smaller, to busses. 

·     The vehicles can use composite materials in their manufacture, are lightweight and strong, with many functions integrated into the bodywork. 

·     Manufacture can be local in both Australia and New Zealand. Product is designed to be very affordable.

·     The very high technology management of the expansion of the air allows MDI engines to achieve real yields of up to 68 % between the tank and the engine output. https://www.volkswagenag.com/en/news/stories/2019/08/hydrogen-or-battery--that-is-the-question.html

·     The MDI concept makes it possible for MDI engines of today to replace most heat engines and cover many applications.  

The scope of the MDI technology can be applied to an extensive range of transport and electricity generation as well as to community clean energy storage. The markets and marketing channels for rollout are in our opinion, huge, and with an anticipated low cost of production. 

Air Future’s markets extend to New Zealand, Australia the Pacific Islands and Papua New Guinea. A population base of 32 Million 

 

We know of no other technology that can provide the cost savings and environmental advantages of the MDI air engines.

Read about the AirPod 2.0 in New Zealand Engineering Magazine

02/03/2022 at 4:33 PM

Thank you to our recent pledgers. It's great to see us past the half way mark and moving towards our target. There's still a way to go and early pledgers are greatly appreciated.

We are pleased to be included in Engineering New Zealand's quarterly magazine. Their magazine includes a one page piece showcasing an item or a product that epitomises engineering genius. The March 2022 edition features the AirPod 2.0.

Read the article here https://www.airfuture.co.nz/news2

 

Offer Period Extension to 20 March 2022

16/02/2022 at 5:28 PM

We are making inroads into our minimum target.

 

The half way mark to our minimum target of $200,000 is nearly there. 

 

Thank you to our early pledgers. Early pledgers do assist greatly and provide confidence to those waiting in the wings. 

 

There has been pleasing interest to our PledgeMe campaign page from our media advertisements. This is a good demonstration that our Air Powered vehicles and Clean Energy alternatives are very topical.

 

We are fortunate that in addition to its shareholding base Air Future Ltd has 659 followers on its Facebook page https://www.facebook.com/AirFutureNZ) and 589 interested followers who like to receive updates of our activities and progress.

 

As the second part of our campaign we are progressing a social media campaign. This is a first for us and getting our vision of “Promoting the Transition to 100% Sustainable Transport and Energy” to relevant Newsgroup communities and the public is exciting for us.

 

Overall we are confident of meeting our minimum but we would like to achieve more than that.  We are receiving substantial interest. The fact that having vehicles running on compressed air is not only achievable but is a fact is greeted with surprise by many. 

 

To enable us to achieve over and above our minimum of $200,000 we have asked PledgeMe if we can extend our offer campaign to 20 March.

They have approved this request which is great news.

 

This will enable the social media campaign to have more effect and give us a bit more time to get our messages out there. It also provides supporters more time to introduce our investment to other people - all with the intention of increasing the capital raised which is good for all of us.

 

In the wider scheme of things we have had a number of positive enquiries for product - particularly for the GreenAir golf cart and the AirPod as an inner city service vehicle. We are considering enabling shareholders and Pledgers the opportunity to obtain preferential expression of interest in the vehicles should they like to be placed on a purchase waiting list.

 

I heard on the radio earlier this week that James Shaw’s advisors are saying that NZ will not be able to meet its 2030 greenhouse gas emissions targets. This is something that we have been saying and I had drafted in a newsletter to potential investors last week saying that this was a likely outcome unless of course there is access to our technology that bridges the sustainability gap between the expenses of lithium ion based electric vehicles and the inefficiencies of hydrogen/energy conversion - that’s us of course.

 

So I think that what we are doing is very much worth the effort.

 

Kind regards, Russell Fitts

Long live the difference - Vive La Différence!

16/02/2022 at 4:59 PM

In answer to a question from a potential investor I wrote the following:

 

Question: So what is the difference between your MDI vehicles that you say can run on air alone and the cars that we currently drive around in that run on petrol?

Answer: “You must be dreaming”

 

Imagine if we all used vehicles that ran on clean compressed air. Imagine if we used the same technology to provide electricity and energy storage for our homes.

The vehicles could be filled up in two minutes at a locally situated Air Station or overnight at home from electricity generated and saved during the day through the compressed air storage system operating in conjunction with your solar electricity generation system. 

The cost to complete 120 km in the small AirPod 2.0  initial inner city or off road vehicle was approximately $4.00 (electricity recharging cost) on air alone and using the dual fuel mode the cost to travel up to 360km was approximately $10.75.

Imagine that you were approached to invest in a new technology called the “internal combustion engine”. This new engine didn’t require abundant, ambient, free air to operate but required a diminishing resource (fossil fuel) extracted and refined at great cost overseas  and transported to your town. 

The engine relied on burning the highly explosive fuel at temperatures of over 2,000°F in a highly technical and heavy engine placed in front of the driver. The explosive fuel required to run the engine was contained in a tank positioned slightly behind the driver or passenger. 

The engines weren’t particularly efficient varying from 15 -35% efficiency meaning that approximately ¾ of the fuel that you bought was wasted and went out the exhaust pipe to pollute the atmosphere in the form of carbon dioxide or CO2. 

Fuel cost to travel 360km with fuel at $3.00 per litre was predicted at $54.00.

Surely advisors would say “you must be dreaming that sounds like a nightmare”.  Yet that is the current system that we are wedded to.

 

There is an alternative and that is what Air Future Ltd is offering.

Subscribing to Air Future Ltd.’s Crowd Funding Offer provides new investors and existing shareholders an opportunity to sidestep products reliant upon the internal combustion engine and their negative environmental impacts.

Our crowdfunding is raising capital to showcase and demonstrate in New Zealand the initial transport and energy products.

Information highlighting the products and our intentions, including our Information Memorandum, is available on this page.

 

Russell Fitts

 

Air Future Ltd

The simplicity and advantage of the MDI Compressed Air Technology

09/02/2022 at 8:37 PM

Firstly a big thank you to our new Pledgers. Our publicity campaign is attracting interest and we are receiving enquiry for our products.  

Many people, appreciating the ecological and financial advantages of the engine and extensive range of applicable products ask us “why haven’t we heard of this before?” It’s a question that we cannot answer other than to say that “we did”.

 

One of the many advantages of the MDI products are their simplicity and ease of manufacture. 

The engine has few moving parts and is therefore inexpensive to make. It does not have internal combustion componentry so does not require cooling. It is lightweight  - (the 430cc 7kW engine weighs 20kg, the 1,000cc 60kW engine weighs 35kg) - Engines can be made locally – They have multiple applications (transport, electricity generation, energy storage, marine).

 

Our recent February newsletter (along with previous Newsletters) can be read at:  

https://www.airfuture.co.nz/our-business

 

Thank you again for pledging.

Russell Fitts, Chairman, Air Future Ltd.

 

Thank you and welcome to new investors and followers

24/01/2022 at 11:27 AM

A big thank you to our investors so far!  It's people like you who will bring this amazing energy alternative to Australasia. We are encouraged by the amount of interest being shown in this revolutionary technology and excited for the future with the air-powered engine. 

 

It's fantastic to have your backing, feel free to invest again or share the Air Future crowdfunding campaign with friends or family.

https://pledgeme.co.nz/investments/447-air-future-ltd

 

In case any of you have been wondering about the following questions put to us last week we thought we'd share our reply with all of you:

 

Question:"How much is sale price of AirPod 2.0? How is the pricing compared to electrical vehicles? How long can it go with one air tank charge and what is maximum cruising speed?"

 

Answer:MDI provide the following specifications for the AirPod 2.0.

AirPod 2.0 Range:

·     Air Only: 100 – 120 km

·     Dual Energy: 300 – 360 km

·     Max Speed 80 km/h

Dual Energy: The engines have a burner between the compressed air tank and the engine that heats the air outside the engine.

This action multiplies by 3 the air expansion, and therefore the range of the vehicle, with a fuel consumption, bioethanol, or any other fuel hydrocarbon content of 0.5 litre per 100 km.

Air heating is carried out here at 600° with a virtually zero amount of dangerous emissions of oxides of nitrogen (NOX) and unburned hydrocarbons (HC).

Sale Price. Sale price has not been determined for our New Zealand operation. Current estimates are for less than $20,000 for an AirPod 2.0.

Thank you Pledgers and Followers

17/01/2022 at 12:29 PM

Thank you to our new Pledgers and Followers. 

Your early interest and Pledge is most welcome and provides a great boost to the Air Future Team.

 

The Christmas period has provided a much needed short break to stop and re-energise. 

Now that we are back we have already commenced refreshed activity. We have an advertising program on New Zealand Herald and Stuff - you may have seen our adverts with the promotion line “The Future of Fuel? - It’s Air.” This is great line taken from a quote by Guy Nègre the founder of MDI in interview on the Discovery Channel’s “Future Car Series” back in 2007. 

 

We have made a new video – it’s on our landing page.

 https://pledgeme.co.nz/investments/447-air-future-ltd  

The video shows the colourful AirPod 2.0 undergoing street trials at the MDI premises in Castagniers near Nice. This is world first.

The MDI Air Train that MDI built for Expo 2020 for transporting visitors and the Veolia refuse collection vehicle are also included in the video. Altogether it’s a live display of the compressed air technology demonstrating product versatility and yes they all RUN ON AIR alone.

 

We’ve also included some new pictures on the Campaign page. These can be viewed through the link above.

 

We have extended the offer period to 28 February 2022 to make our PledgeMe offer available to as many people as possible. This takes into account the quiet period of Christmas and January where historically little investment activity takes place.

 

I hope you enjoy our new video. Tell your friends about us.

 

As Guy Nègre said, “The Future Of Fuel? - ITS AIR.”

 

Kind regards, The Air Future team.

    Details

    Offer Details

    Current Valuation 21,723,296
    Raise Minimum 200,000
    Raise Maximum 1,850,000
    Share Price 0.08
    Minimum Pledge 1,000.00
    Maximum Shares Offered 23,125,000
    Explanation of valuation:

    Company Valuation – The Directors looked at three approaches to valuation and selected the lower of the three based on the adjusted historic share price. The Board has valued Air Future Ltd at $21.7M pre investment on the basis of historic share price and valuation of previous capital raisings. Currently the most significant raising was the Crowdfunding raise in December 2016 at 7 cents per share, in line with numerous smaller raisings ongoing. That valuation was $16.0M and the Board has elected to raise the value by $5.7M based on the progress over the period of both AFL and the licensor and the industry tailwind. The Board also carried out two other cross checks, the first being a comparable check across other private business capital raisings with sufficient commonality and the second a discounted cash flow of a projected factories earnings model.

    Projected Financials: No projections are being provided for Air Future Limited under this offer. This current funding stage is not revenue generating by itself but lays the all-essential platform for it. If successful that will see an increase in valuation in preparation for the funding for the factories and then production and sales.

    Historic Financials: Air Future Ltd is not yet operational so there has been not operational revenue. Over the last five-year achievements addressed herein the Company has sought to raise minimum capital, relying on shareholders and the executive team.

    Financial Summary

    Prev Year Current Year Est. FY 2024 Est. FY 2025
    Revenue NZ $0 NZ $0 NZ $0 NZ $0
    Operating Expenses -NZ $678 -NZ $535 NZ $0 NZ $0
    EBITDA -NZ $678 -NZ $802 NZ $0 NZ $0
    Net Profit -NZ $720 -NZ $832 NZ $0 NZ $0

    Company Details

    Company Name: Air Future Limited

    Company Number: 899632

    Company Documents

    Documents no longer available to download, as this campaign has closed

    Director Details

    Name Role Profile URL Invested?
    Russell Fitts Director https://www.linkedin.com/in/russell-fitts-ab631816/?originalSubdomain=nz
    Michael Kain Director http://https://www.linkedin.com/in/mick-kain-8306a0147/
    Peter Macaulay Director https://www.linkedin.com/in/peter-macaulay-06421322/

    Questions 8


    Any photos of the fleet Air Trains at Expo 2022?

    Posted on 13-03-2022 by richard macdonald

    We have placed two photos of the AirTrain operating at Dubai Expo on our Facebook page:
    https://www.facebook.com/AirFutureNZ

    Answered on 21-03-2022 by Air Future


    I work at a winery in Marlborough and we use small petrol and electric cars or quads to work along the vines row, there is a significant use of this cars along the year, will the compressed air car have enough power to one day be apply on vineyard fields, where usually we carry a lot of heavy equipment? Will be 4wd?

    Posted on 12-03-2022 by Gonzalo

    One of the exciting aspects of the MDI manufacturing model is the ability to adapt vehicles to suit particular requirements evident by the refuse collection vehicle for Veolia, the people mover train at Dubai (larger vehicles) down to the AirPods, the planned GreenAir golf cart/service vehicles and Tuk Tuk being at the smaller end of the scale. So adaptability and versatility is already demonstrated.
    https://www.airfuture.co.nz/produts
    The AirPod 2.0 has a range of 100 – 120 km on air alone and up to 360 km in dual mode (depending on the terrain and carry loads). It is intended to be available in 3 models, The “Classic”, the “Pickup” and “Cargo”. The initial model is the AirPod 2.0.
    The GreenAir travelling range is intended to be 40 to 60 km depending on terrain and load. It will also include 3 models “Golf” “MiniPickup” “Peoplemover”. The initial version for display and promotion will be “GeenAir Golf”.
    We see the “off road” market as an exciting opportunity for new market development.
    The AirPod 2.0 and GreenAir engine is 7kW (430 cc). The MDI engines have a flat torque curve so will have similar power characteristics as an E.V. in the same range.
    An additional advantage of the MDI engine is to be able to use a variety of fuels to extend the vehicle travelling distance. In industries such as yours where you have the ability to collect methane this provides you the opportunity to be 100 fossil fuel free. Also the ability to install solar and store that energy in the form of compressed air provides an option to be 100% off grid using our compressed air electricity generation.
    I haven’t discussed 4wd with MDI so can’t provide a definite answer. However it would seem a logical extension to me.

    Answered on 12-03-2022 by Air Future


    If the share price is. 08 cents how would my investment grow?

    Posted on 09-03-2022 by Terry Rasmussen

    Shareholder benefit in any company, ours included, may be in the form of earnings benefits such as dividends, or valuation benefits such as increase in share price. Innovative companies tend to focus on increasing the value of the shares. That increase can be driven by what the company is achieving, plus, in a growth industry like climate change solutions, by its potential. In revolutionary industries like clean vehicles and renewable energy, the pace of growth in successful companies’ share value in earlier days has also been driven by potential. So in our case we are eager to start demonstrating the technology’s and products’ potential. For investments not yet traded on a stock market, such as ours, the company will asses an attribution of achievements to increase the share value, and seek both independent confirmation and market justification. In other words every major set of advancements will increase the share price, as it has historically.

    Answered on 09-03-2022 by Air Future


    Thank you for that answer but I have two more please. 1) Given then that the best efficiency the automotive industry can achieve is about 35% using fossil fuel what is the efficiency rating of the MDI motor using only air. ? 2) Can the MDI motor be retro fitted to replace my existing petrol motor. ?

    Posted on 14-02-2022 by David Bull

    1) Given then that the best efficiency the automotive industry can achieve is about 35% using fossil fuel what is the efficiency rating of the MDI motor using only air?

    Answer: MDI state the stored air to application efficiency as 68%. We discourage people comparing component efficiencies when they are actually interested in the application efficiencies, as it can be misleading. For example simple comparison of efficiencies across say Lithium Ion batteries, internal combustion engines, our air engine, hydrogen fuel cells, or pumped hydro will provide comparisons that can be quite misleading in actual applications, and their economics, and carbon footprint. For example a lighter manufactured car can compensate for a less efficient component if it is more affordable and cleaner. Or hydrogen might provide scale for which current chemical batteries are impractical or uneconomical.

    2) Can the MDI motor be retro fitted to replace my existing petrol motor?
    Answer: Technically, most certainly. One has to look at the application. We focus on a complete solution in the design, for example making vehicles lighter using composite materials in manufacture. Hence a very heavy vehicle would need a lot bigger storage capacity. So it becomes a matter of practicality. For a smaller boat for another example it would be relatively straightforward.

    Answered on 15-02-2022 by Air Future


    Great to see this technology is getting closer to production. I have been following MDI for many years and really impressed by it but there is still some answer/evidence I can't find despite being strongly promoted by the campaign.

    1) For electric cars we know the highest carbon footprint is during manufacturing of the car and during recycling of battery and this become advantageous in the long term (compare to petrol). What are the evidence/fact you have for the carbon footprint cost of manufacturing? (I know it could depend on the region but at least some would be useful)

    2) Does the engine need to be oiled (or something like that) to keep it in good working condition? if yes does it need to be changed regularly? (Or is there something else that would contribute to carbon cost)

    3) How noisy is the engine? (electric car does help with noise pollution)

    4) Estimated timeline (years?) for productisation for other upcoming products?

    5) Any plan to install Air Station in NZ? 2-3miin charge sound amazing and definitely an advantage compared to the electric car but crossing the control like this would require significant infrastructure investment. Also, could an electric car charging station be used (which plug are is it using?)

    6) On the MDI website it appears more licenses are available for this region. Which one are they and are you planning to get them?

    Thank you and looking forward to hearing back from you and I wish you all the best in this campagne.

    Posted on 14-02-2022 by guillaume clin

    1) For electric cars we know the highest carbon footprint is during manufacturing of the car and during recycling of battery and this become advantageous in the long term (compare to petrol).
    What are the evidence/fact you have for the carbon footprint cost of manufacturing? (I know it could depend on the region but at least some would be useful)

    Answer: A carbon footprint comparison will depend what one is comparing to, for example comparing electric vehicles to internal combustion engines, where electric are cleaner but you must consider the production supply & delivery chain. If on the other hand we compare the electric vehicles technology to that of the compressed air, and include the supply & delivery chain, footprint difference is far more dramatic. We intend to manufacture regionally near customers. Hence in comparison the electric vehicle, using a chemical battery (e.g. Lithium Ion), has footprint disadvantages including: mining, making of the batteries, making of the heavier vehicles, warehousing, distribution & shipping from central site, & ultimately recycling. In our case by our regional manufacture, plus by using air for energy, many of these factors are eliminated. However focusing only on comparative manufacturing footprint is up to conjecture, so we don’t take that position. Although logically traditional steel and aluminium heavy electric vehicles will require more energy than our lighter locally manufactured composite material air vehicles. MDI have undertaken a comparison supporting this, but we do not use the figures publicly as they are hypothetical.
    To add to that our “batteries” that hold the compressed air include storage tanks that are made of carbon fibre which can also be made of natural and locally grown lignum products.
    Tanks require servicing only every 5 years and with a limitation to 20,000 refill cycles this provides one of our batteries a life of 50 years, which outlives the life of the vehicle.

    2) Does the engine need to be oiled (or something like that) to keep it in good working condition? if yes does it need to be changed regularly? (Or is there something else that would contribute to carbon cost)

    Answer: Our whole process is based on how to use less energy and use cleaner energy. Whereas traditional vehicles tend to use energy intensive or less clean designs or technology (e.g. heavy vehicles or chemical batteries), we tend to use holistic designs with composite materials and incorporate integrated functions, all adding efficiency.
    The engines are piston engines, a well proven concept. They do not require a cooling system like an internal combustion engine, improving reliability and removing potential maintenance costs. The main maintenance activities are changing engine oil and 5 year inspections of storage tanks. There is no pressure in the engine oil circuit with the pump requiring minimal energy. Oil changes can be made every 25,000 to 30,000 km. As there is no internal combustion an oil type can be synthetic or selected plant based.

    3) How noisy is the engine? (electric car does help with noise pollution).

    Answer: Having driven earlier air car versions our view would be less noisy than internal combustion engine and more so than battery E.V.’s which makes no noise. MDI are particularly conscious of providing minimum noise pollution as a customer requirement and intent on providing positive customer experience. For home electicity generation and storage the engine will be expected to be no more noisy than a household appliance such as a refrigerator.

    4) Estimated timeline (years?) for productisation for other upcoming products?

    Answer: Continuing product development is an important contribution utilising compressed air as an industry change agent and we seek to provide access to a full range of zero emission products using the technology.

    5) Any plan to install Air Station in NZ? 2-3miin charge sound amazing and definitely an advantage compared to the electric car but crossing the control like this would require significant infrastructure investment. Also, could an electric car charging station be used (which plug are is it using?)

    Answer: Yes we plan to have the air stations where users of our Air vehicles can recharge in approx 2 minutes. However Air stations are not part of our (AFL’s) immediate market entry as vehicles are designed to be capable of being recharged at home or at a community plug ins using electricity to run the reversible engine. Our understanding is that the plugin adaptor will be universal to local charging stations.
    For fleet vehicles MDI have identified the applicabilty of mobile filling stations where “in street” vehicles can be refueled with compressed air from a mobile “air filling vehicle”.
    This is a very practical solution for say business districts, as per the picture in the documentation.

    6) On the MDI website it appears more licenses are available for this region. Which one are they and are you planning to get them?

    Answer: Air Future Ltd currently has regional exclusivity for vehicles electricity generation, and energy storage plus has first rights of refusal for additional opportunties. There are impracticalities in having multiple licensees for a region such as Australasia or say India due to overlapping of products requiring the same engine, particularly in a market development environment.
    We consider that maintaining a good licensor/licensee relationship is an essential element of a longstanding business relationship. This approach has proven to the benefit to MDI, our company and our shareholders.

    Thank you for your questions. We hope you can be part of the adventure.

    Answered on 15-02-2022 by Air Future


    So what is the difference between your MDI vehicles that you say can run on air alone and the cars that we currently drive around in that run on petrol. ??

    Posted on 11-02-2022 by David Bull

    Thanks David. I've written a simple explanation - I've call ed it “You must be dreaming”

    Imagine if we all used vehicles that ran on clean compressed air. Imagine if we used the same technology to provide electricity and energy storage for our homes.
    The vehicles could be filled up in two minutes at a locally situated Air Station or overnight at home from electricity generated and saved during the day through the compressed air storage system operating in conjunction with your solar electricity generation system.
    The cost to complete 120 km in the small AirPod 2.0 initial inner city vehicle was approximately $4.00 (electricity recharging cost) on air alone and using the dual fuel mode the cost to travel up to 360km was approximately $10.75.
    Imagine that you were approached to invest in a new technology called the “internal combustion engine”. This new engine didn’t require abundant, ambient, free air to operate but required a diminishing resource (fossil fuel) extracted and refined at great cost overseas and transported to your town.
    The engine relied on burning the highly explosive fuel at temperatures of over 2,000°F in a highly technical and heavy engine placed in front of the driver. The explosive fuel required to run the engine was contained in a tank positioned slightly behind the driver or passenger.
    The engines weren’t particularly efficient varying from 15 -35% efficiency meaning that approximately ¾ of the fuel that you bought was wasted and went out the exhaust pipe to pollute the atmosphere in the form of carbon dioxide or CO2.
    Fuel cost to travel 360km with fuel at $3.00 per litre was predicted at $54.00.
    Surely advisors would say “you must be dreaming that sounds like a nightmare”. Yet that is the current system that we are wedded to.
    There is an alternative and that is what Air Future Ltd is offering.
    Subscribing to Air Future Ltd.’s Crowd Funding Offer provides new investors and existing shareholders an opportunity to sidestep products reliant upon the internal combustion engine and their negative environmental impacts.
    Our Crowd Funding is raising capital to showcase and demonstrate in New Zealand the initial transport and energy products.
    Our Information Memorandum highlighting the products and our intentions is available at https://pledgeme.co.nz/investments/447-air-future-ltd

    Answered on 11-02-2022 by Air Future


    How will the Airpod meet the crash safety standards required by New Zealand and other countries? What standard will the Airpod be rated to?

    Posted on 24-01-2022 by David Cohen

    Answer:
    The AirPod is classified as a Quadricycle (class L7e). The quadricycle is a European Union vehicle category for four wheeled microcars which allows these vehicles to be designed to less stringent requirements when compared to regular cars.
    Quadicycles are defined by limitation in terms of weight, engine power and speed. Examples of vehicles within the L7e category are Renault Twizy, golf carts, resort service vehicles and the "Paxter" vehicles currently used by NZ Post for city mail delivery.
    Within Europe, the UK, Pacific Island countries, most North American states and countries in Asia, Africa and South America Class L7e vehicles are certified for use on public roads.
    New Zealand and Australia do not have a L7e category therefore unlike most other countries around the world the vehicles are not road certified.
    We have raised this anomaly with the government. We quote from the reply (May 2018) of the Associate Minister of Transport on behalf of the Minister of Transport.
    “The issue of how New Zealand transport law deals with low powered vehicles, such as four-wheeled mopeds (which European legislation refers to as class L7e, quadricycles), along with e-bikes and novel technologies such as the Segway, is an area where the law has clearly not kept up with the development of new technology.
    The Government has recently agreed to consider whether a new set of rules are needed to manage these low powered vehicles. This work will consider whether we should amend our current laws to enable quadricycles, to legally be used on our roads. This work will consider how, on the one hand, we can enable people and especially those who cannot drive conventional vehicles to remain mobile and active in their communities. On the other hand, the law needs to protect the occupants of the vehicles and other users of the roads and, in some cases, footpaths from unsafe use.”
    Following this capital raising as part of the use of proceeds under our crowdfunding offer Air Future Ltd will recommence introducing the AirPod to The Ministry of Transport (The Te Manatū Waka) and NZTA (Waka Kotahi).
    The game-changing benefit for both of our environment and our people is the relative affordability of these vehicles, making innovative transport technology more accessible to a significantly greater number of New Zealanders.
    In the meantime Air Future has identified numerous off road applications for the AirPod such as service and delivery vehicles within airports, parks and reserves, university campus, tourist resorts, golf courses, retirement villages, closed communities etc.
    For your further information the AirOne range of vehicles are intended to be on-road vehicles which will meet European Certification standards for road vehicles.

    Answered on 25-01-2022 by Air Future


    How much is sale price of Airpod 2.0 ? How is the pricing compared to electrical vehicles? How long can it go with one air tank charge and what is maximum cruising speed ?

    Posted on 20-01-2022 by ali_jaf

    MDI provide the following specifications for the AirPod 2.0.
    Airpod 2.0 Range:
    Air Only: 100 – 120 km
    Dual Energy: 300 – 360 km
    Max Speed 80 km/h

    Dual Energy. The engines have a burner between the compressed air tank and the engine that heats the air outside the engine.
    This action multiplies by 3 the air expansion, and therefore the range of the vehicle, with a fuel consumption, bioethanol, or any other fuel hydrocarbon content, of 0.5 l per 100 km.
    Air heating is carried out here at 600 ° with a virtually zero amount of dangerous emissions of oxides of nitrogen (NOX) and unburned hydrocarbons (HC).
    Sale Price. Sale price has not been determined for our New Zealand operation. Current estimates are for less than $20,000 for an AirPod 2.0.

    Answered on 20-01-2022 by Air Future

    Pledgers 136

    Next Ten Limited
    2022-01-02 13:07:32 +1300
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    henry hope
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    N Konijn
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    Geoffrey Carswell Slack
    2021-12-19 13:20:02 +1300
    Alistair Betts
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    Duncan Loney
    2021-12-18 15:32:33 +1300
    Cameron Power
    2021-12-14 21:11:57 +1300
    Alex Sharp
    2021-12-12 06:29:45 +1300
    Merv and Jutta Williams
    2021-12-08 19:01:26 +1300
    Donna Stubbs
    2021-12-08 15:28:45 +1300
    michal
    2021-12-08 15:21:51 +1300
    Stacey
    2021-12-08 08:09:58 +1300
    Stacey
    2021-12-08 07:14:35 +1300
    John O'Hara
    2021-12-07 15:16:30 +1300
    richard macdonald
    2021-12-04 17:00:39 +1300

    "How easily can I find your people mover in Dubai when I visit in March?"

    Air Future Ltd

    Our mission is to assist consumers, businesses and overall New Zealand to accelerate affordably and enjoyably towards sustainable energy and demonstrate that clean vehicles and energy storage can be readily available for all people.

    The pictures herein are photos or digital productions of actual products unless indicated.

     

      

     

    ABOUT OUR COMPANY

    Air Future Ltd is a New Zealand company seeking to create a revolutionary niche in New Zealand’s shift to a cleaner climate. New Zealand along with the rest of the world is increasingly aware of the need and targets to battle climate change. Air Future Ltd seeks to roll out its clean products across New Zealand, Australasia, and the Pacific Islands; products spanning both clean transport and energy storage in homes and communities with local manufacture and employment.  

    A new era of compressed air energy & storage & clean vehicles

    We plan to commence with the current range of entry products and aim to expand that via development of further products to meet the anticipated growing demand for a cleaner climate. Our technology and products are the brainchild of our technology partners, MDI in France, who have the brand and the patents whereby they replaced chemical battery storage with cleaner compressed air storage.

     

    Products for everyone in a clean climate era

    Air Future Ltd seeks to mass commercialise these products, as MDI do not mass commercialise themselves but only do research and development or private client fulfilment. We consider that this is a great opportunity for both partners, and especially for Air Future Ltd having the exclusive licence rights for all the Australasian region. What we seek to do is to create an Australasian showcase for the technology and products, a global first, by rolling out the entry products. Success will have  broader beneficial implications both geographically and for future products.

     

    Australasian region includes Australia, New Zealand and Pacific Islands.  Air Future Ltd has purchased entry product licence rights for Australasia.

    Air Future team and MDI in France. Chairman Russell Fitts with Cyril Negre in Airpod 2.0.

     

    Why Australasian showcase

    Australasia combines a huge geography and variation in climate and many different cultures and languages. Generally the climate has sufficient stability and flexibility for sunshine and wind clean climate projects. Australia is a world leader in solar and in energy storage and is advancing srtongly in community energy.

    Above is an artist’s impression of our vision for the future showing a household with the pipeline AirOne family car, the AirPod utility vehicle, the Airwall energy storage unit, rooftop solar, and a Veolia MDI AirBom waste collection vehicle.

     

    The product technology seeks to create products that are practical and affordable for the masses, focusing on transport  and energy storage, including broad applications for transport and for home or community solar storage. Current chemical batteries or hydrogen have numerous disadvantages creating niche markets for Air Future Ltd.

     

     

     

    The technology’s storage unit consists of a uniquely designed compressed air engine, integrated with functions providing compression, storage, expansion, and thereby power to drive a vehicle or generate electricity – the original energy source being solar or wind or the electricity grid. Storage is flexible by varying the engine capacity or the storage tanks. In effect it’s a “compressed air battery”. 

    Vehicles are constructed using very strong but lightweight composite materials (similarly to in racing cars) and there will be an option for a hybrid using biofuel to add further to the range. Refill options can be speedy via air stations or alternatively by home plug in. 

    Pictures of parts being constructed in Europe for World Expo Dubai (October ‘21)

     

    The above relates to a private client project by MDI in Europe but is indicative of the operation intended for Australasia. Components can be outsourced or constructed and assembled in proprietary factory locally. Factories are what is called “turnkey” meaning they are pre-designed and replicated regionally. 

     

     

     

    WHAT WE HAVE DONE SO FAR

     

    Air Future Ltd has operated with the small executive team below using outsourcing of personnel and functions as needed, plus ably supported by MDI.

     

    Executive focus has been on preparation for the following areas: products, organistation structure, markets, manufacture, and operations and sales channels. 

    Products have been the primary focus, securing the optimal licensing rights for the following entry level products, with the AirOne in pipeline. Potential future products for which further agreements would be sought  are in the Information Memorandum. Exclusivity spans products below.

    Organisational structure has separated the functions needed for Air Future Ltd, those being incubation and investment, regional operations, and the two industries transport and energy. Each company has independence to generate most benefits within their area across Australasia and hence to Air Future Ltd and New Zealand as seen in the following diagram. 

     

    Markets are the driving force behind the showcase rollout, and the priority in application of funds. The following give a brief introduction for each entry product.  

    A major development being brought by renewable energy is distributed energy, for example in homes, communities, businesses, or remote locations. The modular nature of our technology’s storage is particularly well suited to the developments.

     

                                                                      

    Solar, wind, homes, communities, buildings, commerce and industry have the opportunity to become more self sufficient, cleaner, and to lower costs via renewable energy. The hurdle is to counter intemittency – when sun and wind are absent. That needs storage, and AirPower and AirWall technologies have unique benefits over chemical batteries.

     

     

    Our Future Plans

    The current funding is intended to be applied to the immediately planned funded projects spanning markets & channels, demonstrations & pilots, and factory funding & preparation. In addition though, it’s important to establish the platform future projects. The latter including the funding of manufacture, factories and regional rollout will be separately funded, their foundation will be established by the current projects. 

    Manufacture factory/production construction is what is called turnkey, meaning designed and provided by the licensor MDI in replicable form, and Air Future Ltd adapt the process to requirement for products and volumes to be manufactured. There is flexibility in manufacture, and the plan is in four phases: import demonstration product or outsource to local manufacture; smaller entry level factory; and upgrade to full operating mode as sales are expanded across regions.  

    The immediate application of current investment sought can be seen in the following schematic under PLANNED FUNDED PROJECTS. This establishes the platform for commercialisation rollout under the PLATFORM FUTURE PROJECTS. 

     

    Planned Funded Projects

    The current funds sought will be used to implement the following two projects, plus appropriately resource and conduct the company's business.

    Planned Future Projects

    Whilst to achieve the above milestones is the current use of proceeds, in parallel they will set in place the platform to implement the next projects below and the commercialisation of the business.

     

     

    Turnkey (replicable) factory design enables us to show examples of factory equipment in an operating factory. These pictures have been provided by MDI as used in their private client production. Our mass factories are intended to use the same process.

     

     

    Sales channels, once markets are established under the immediate investment stage, are intended to focus on known distribution channels. Except for social media and direct marketing, sales are planned to be via wholesale channels and distributors. 

    Sales channels already exist, and we just need to tap into them. Examples are solar panel companies, energy retailers, non-tied car distributors, specific industry sales channels such as for agriculture. Product advantages benefit channels.

     

     

    WHAT THE FUNDS ARE FOR

    This Crowdfunding is for $1,850,000 with minimum to be raised of $200,000. Minimum individual pledge is $1,000. Our focus intentions are on the markets & channels, demonstrations & pilots, and factory funding and preparation. By establishing these milestones the platform is set for subsequent factory building, production and sales, regional rollout, and further products.

    Air Future Ltd timeline for the Australasian showcase is via progressive milestones over 1-3-5 years, with parallel increase in valuation sought, along with the aim to establish shareholder liquidity (yet to be progressed). In parallel $1,150,000 is sought from wholesale investors making the total $3,000,000.         

    Projected Financials are not provided under this Crowdfunding as this stage being funded establishes the commercialisation platform not the sales operation (the next stage). Air Future Ltd has modelled limited factory operations internally. 

     

    WHO IS OUR CROWD?

    To date Air Future Ltd has been supported by existing shareholders, directors, and executive, during the incubation stage. Now in entering commercialisation the Company seeks to invite public and sophisticated investors. 

    The Company feels that there is growing support for reduction in greenhouse gases and climate change, plus an awareness that the political and commercial world have committed to this direction. But there is limited scope to invest, as many opportunities are either too large, or too progressed and expensive. 

     Air Future Ltd provides an opportunity to partake in the climate journey whilst at the same time doing so early enough that it’s affordable, and to join the journey over the timeline milestones that have been set by the Company. 

    The Directors and executive stress that both the climate industry and this Company carry risks and uncertainties, and that you should not invest if doing so will be a stretch financially. There is never a guarantee of success, especially in the entrepreneurial stage. We refer you to the Information Memorandum, and consider carefully the opportunity in line with the risks or seek advice.

     

     

    A note from PledgeMe

    We have completed Equifax checks on the company, Air Future Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings. 

    We've crossed our Minimum for our Offer to Proceed

    15/03/2022 at 4:50 PM

    It’s great to have crossed our minimum threshold of $200,000. Thank you to all pledgers and a special warm welcome to those who will shortly become new shareholders.

     

    With the events of the past weeks pushing fuel prices up in unprecedented fashion this may well be the occasion to say, as one of our shareholders wrote in a Facebook posting following his visit to Dubai Expo 2020 where he was a regular passenger on the MDI “Expo Explorer” train that, “our time has come”. It seems logical that it should have arrived as vehicles and home electricity generation powered by MDI compressed air technology must be the most environmentally friendly alternative energy solution around.

     

    With only a few days left until the offer closing date of 20th March we are continuing to work hard to attract further investment. The more we can raise the more we can achieve and that’s better for the Company and all shareholders alike.

     

    You may like to tell your friends about us and invite them to pledge also.

     

    Thank you again.

     

    From Russell, Mick & John. 

    General Update

    11/03/2022 at 2:37 PM

    Thank you to our recent pledgers. We are getting close to achieving our minimum target of $200,000. Our presence in the Social Media is becoming active and we are  pleased that traffic to our Facebook page and comments have increased markedly particularly in the past week. With fuel costs increasing rapidly the energy saving and competitive advantages of the MDI engine and our AFL business model become more emphatic. News travels so please tell your friends and family about our crowd funding.

    Our recent shareholder Newsletters can be downloaded at: https://www.airfuture.co.nz/our-business

    If you have any questions please ask Mick or myself:

    [email protected]

    [email protected]

    The MDI Technology in a Nutshell

    11/03/2022 at 2:11 PM

    The core of the MDI technology is a uniquely designed engine that runs on compressed air. The engine is reversible meaning that the engine can also store compressed ambient air for later use. The applications of the engine are extensive for both transport and electricity generation and most significantly energy storage – a compressed air battery.

     

    ·     The engine does not have internal combustion componentry so does not require cooling. 

    ·     The engine is lightweight  - the 430cc 7kW engine weighs 20kg - the 1,000cc 60kW engine weighs 35kg.

    ·     Engines have few moving parts and can be made large or small – with applications from TukTuk and smaller, to busses. 

    ·     The vehicles can use composite materials in their manufacture, are lightweight and strong, with many functions integrated into the bodywork. 

    ·     Manufacture can be local in both Australia and New Zealand. Product is designed to be very affordable.

    ·     The very high technology management of the expansion of the air allows MDI engines to achieve real yields of up to 68 % between the tank and the engine output. https://www.volkswagenag.com/en/news/stories/2019/08/hydrogen-or-battery--that-is-the-question.html

    ·     The MDI concept makes it possible for MDI engines of today to replace most heat engines and cover many applications.  

    The scope of the MDI technology can be applied to an extensive range of transport and electricity generation as well as to community clean energy storage. The markets and marketing channels for rollout are in our opinion, huge, and with an anticipated low cost of production. 

    Air Future’s markets extend to New Zealand, Australia the Pacific Islands and Papua New Guinea. A population base of 32 Million 

     

    We know of no other technology that can provide the cost savings and environmental advantages of the MDI air engines.

    Read about the AirPod 2.0 in New Zealand Engineering Magazine

    02/03/2022 at 4:33 PM

    Thank you to our recent pledgers. It's great to see us past the half way mark and moving towards our target. There's still a way to go and early pledgers are greatly appreciated.

    We are pleased to be included in Engineering New Zealand's quarterly magazine. Their magazine includes a one page piece showcasing an item or a product that epitomises engineering genius. The March 2022 edition features the AirPod 2.0.

    Read the article here https://www.airfuture.co.nz/news2

     

    Offer Period Extension to 20 March 2022

    16/02/2022 at 5:28 PM

    We are making inroads into our minimum target.

     

    The half way mark to our minimum target of $200,000 is nearly there. 

     

    Thank you to our early pledgers. Early pledgers do assist greatly and provide confidence to those waiting in the wings. 

     

    There has been pleasing interest to our PledgeMe campaign page from our media advertisements. This is a good demonstration that our Air Powered vehicles and Clean Energy alternatives are very topical.

     

    We are fortunate that in addition to its shareholding base Air Future Ltd has 659 followers on its Facebook page https://www.facebook.com/AirFutureNZ) and 589 interested followers who like to receive updates of our activities and progress.

     

    As the second part of our campaign we are progressing a social media campaign. This is a first for us and getting our vision of “Promoting the Transition to 100% Sustainable Transport and Energy” to relevant Newsgroup communities and the public is exciting for us.

     

    Overall we are confident of meeting our minimum but we would like to achieve more than that.  We are receiving substantial interest. The fact that having vehicles running on compressed air is not only achievable but is a fact is greeted with surprise by many. 

     

    To enable us to achieve over and above our minimum of $200,000 we have asked PledgeMe if we can extend our offer campaign to 20 March.

    They have approved this request which is great news.

     

    This will enable the social media campaign to have more effect and give us a bit more time to get our messages out there. It also provides supporters more time to introduce our investment to other people - all with the intention of increasing the capital raised which is good for all of us.

     

    In the wider scheme of things we have had a number of positive enquiries for product - particularly for the GreenAir golf cart and the AirPod as an inner city service vehicle. We are considering enabling shareholders and Pledgers the opportunity to obtain preferential expression of interest in the vehicles should they like to be placed on a purchase waiting list.

     

    I heard on the radio earlier this week that James Shaw’s advisors are saying that NZ will not be able to meet its 2030 greenhouse gas emissions targets. This is something that we have been saying and I had drafted in a newsletter to potential investors last week saying that this was a likely outcome unless of course there is access to our technology that bridges the sustainability gap between the expenses of lithium ion based electric vehicles and the inefficiencies of hydrogen/energy conversion - that’s us of course.

     

    So I think that what we are doing is very much worth the effort.

     

    Kind regards, Russell Fitts

    Long live the difference - Vive La Différence!

    16/02/2022 at 4:59 PM

    In answer to a question from a potential investor I wrote the following:

     

    Question: So what is the difference between your MDI vehicles that you say can run on air alone and the cars that we currently drive around in that run on petrol?

    Answer: “You must be dreaming”

     

    Imagine if we all used vehicles that ran on clean compressed air. Imagine if we used the same technology to provide electricity and energy storage for our homes.

    The vehicles could be filled up in two minutes at a locally situated Air Station or overnight at home from electricity generated and saved during the day through the compressed air storage system operating in conjunction with your solar electricity generation system. 

    The cost to complete 120 km in the small AirPod 2.0  initial inner city or off road vehicle was approximately $4.00 (electricity recharging cost) on air alone and using the dual fuel mode the cost to travel up to 360km was approximately $10.75.

    Imagine that you were approached to invest in a new technology called the “internal combustion engine”. This new engine didn’t require abundant, ambient, free air to operate but required a diminishing resource (fossil fuel) extracted and refined at great cost overseas  and transported to your town. 

    The engine relied on burning the highly explosive fuel at temperatures of over 2,000°F in a highly technical and heavy engine placed in front of the driver. The explosive fuel required to run the engine was contained in a tank positioned slightly behind the driver or passenger. 

    The engines weren’t particularly efficient varying from 15 -35% efficiency meaning that approximately ¾ of the fuel that you bought was wasted and went out the exhaust pipe to pollute the atmosphere in the form of carbon dioxide or CO2. 

    Fuel cost to travel 360km with fuel at $3.00 per litre was predicted at $54.00.

    Surely advisors would say “you must be dreaming that sounds like a nightmare”.  Yet that is the current system that we are wedded to.

     

    There is an alternative and that is what Air Future Ltd is offering.

    Subscribing to Air Future Ltd.’s Crowd Funding Offer provides new investors and existing shareholders an opportunity to sidestep products reliant upon the internal combustion engine and their negative environmental impacts.

    Our crowdfunding is raising capital to showcase and demonstrate in New Zealand the initial transport and energy products.

    Information highlighting the products and our intentions, including our Information Memorandum, is available on this page.

     

    Russell Fitts

     

    Air Future Ltd

    The simplicity and advantage of the MDI Compressed Air Technology

    09/02/2022 at 8:37 PM

    Firstly a big thank you to our new Pledgers. Our publicity campaign is attracting interest and we are receiving enquiry for our products.  

    Many people, appreciating the ecological and financial advantages of the engine and extensive range of applicable products ask us “why haven’t we heard of this before?” It’s a question that we cannot answer other than to say that “we did”.

     

    One of the many advantages of the MDI products are their simplicity and ease of manufacture. 

    The engine has few moving parts and is therefore inexpensive to make. It does not have internal combustion componentry so does not require cooling. It is lightweight  - (the 430cc 7kW engine weighs 20kg, the 1,000cc 60kW engine weighs 35kg) - Engines can be made locally – They have multiple applications (transport, electricity generation, energy storage, marine).

     

    Our recent February newsletter (along with previous Newsletters) can be read at:  

    https://www.airfuture.co.nz/our-business

     

    Thank you again for pledging.

    Russell Fitts, Chairman, Air Future Ltd.

     

    Thank you and welcome to new investors and followers

    24/01/2022 at 11:27 AM

    A big thank you to our investors so far!  It's people like you who will bring this amazing energy alternative to Australasia. We are encouraged by the amount of interest being shown in this revolutionary technology and excited for the future with the air-powered engine. 

     

    It's fantastic to have your backing, feel free to invest again or share the Air Future crowdfunding campaign with friends or family.

    https://pledgeme.co.nz/investments/447-air-future-ltd

     

    In case any of you have been wondering about the following questions put to us last week we thought we'd share our reply with all of you:

     

    Question:"How much is sale price of AirPod 2.0? How is the pricing compared to electrical vehicles? How long can it go with one air tank charge and what is maximum cruising speed?"

     

    Answer:MDI provide the following specifications for the AirPod 2.0.

    AirPod 2.0 Range:

    ·     Air Only: 100 – 120 km

    ·     Dual Energy: 300 – 360 km

    ·     Max Speed 80 km/h

    Dual Energy: The engines have a burner between the compressed air tank and the engine that heats the air outside the engine.

    This action multiplies by 3 the air expansion, and therefore the range of the vehicle, with a fuel consumption, bioethanol, or any other fuel hydrocarbon content of 0.5 litre per 100 km.

    Air heating is carried out here at 600° with a virtually zero amount of dangerous emissions of oxides of nitrogen (NOX) and unburned hydrocarbons (HC).

    Sale Price. Sale price has not been determined for our New Zealand operation. Current estimates are for less than $20,000 for an AirPod 2.0.

    Thank you Pledgers and Followers

    17/01/2022 at 12:29 PM

    Thank you to our new Pledgers and Followers. 

    Your early interest and Pledge is most welcome and provides a great boost to the Air Future Team.

     

    The Christmas period has provided a much needed short break to stop and re-energise. 

    Now that we are back we have already commenced refreshed activity. We have an advertising program on New Zealand Herald and Stuff - you may have seen our adverts with the promotion line “The Future of Fuel? - It’s Air.” This is great line taken from a quote by Guy Nègre the founder of MDI in interview on the Discovery Channel’s “Future Car Series” back in 2007. 

     

    We have made a new video – it’s on our landing page.

     https://pledgeme.co.nz/investments/447-air-future-ltd  

    The video shows the colourful AirPod 2.0 undergoing street trials at the MDI premises in Castagniers near Nice. This is world first.

    The MDI Air Train that MDI built for Expo 2020 for transporting visitors and the Veolia refuse collection vehicle are also included in the video. Altogether it’s a live display of the compressed air technology demonstrating product versatility and yes they all RUN ON AIR alone.

     

    We’ve also included some new pictures on the Campaign page. These can be viewed through the link above.

     

    We have extended the offer period to 28 February 2022 to make our PledgeMe offer available to as many people as possible. This takes into account the quiet period of Christmas and January where historically little investment activity takes place.

     

    I hope you enjoy our new video. Tell your friends about us.

     

    As Guy Nègre said, “The Future Of Fuel? - ITS AIR.”

     

    Kind regards, The Air Future team.

      Offer Details

      Current Valuation 21,723,296
      Raise Minimum 200,000
      Raise Maximum 1,850,000
      Share Price 0.08
      Minimum Pledge 1,000.00
      Maximum Shares Offered 23,125,000
      Explanation of valuation:

      Company Valuation – The Directors looked at three approaches to valuation and selected the lower of the three based on the adjusted historic share price. The Board has valued Air Future Ltd at $21.7M pre investment on the basis of historic share price and valuation of previous capital raisings. Currently the most significant raising was the Crowdfunding raise in December 2016 at 7 cents per share, in line with numerous smaller raisings ongoing. That valuation was $16.0M and the Board has elected to raise the value by $5.7M based on the progress over the period of both AFL and the licensor and the industry tailwind. The Board also carried out two other cross checks, the first being a comparable check across other private business capital raisings with sufficient commonality and the second a discounted cash flow of a projected factories earnings model.

      Projected Financials: No projections are being provided for Air Future Limited under this offer. This current funding stage is not revenue generating by itself but lays the all-essential platform for it. If successful that will see an increase in valuation in preparation for the funding for the factories and then production and sales.

      Historic Financials: Air Future Ltd is not yet operational so there has been not operational revenue. Over the last five-year achievements addressed herein the Company has sought to raise minimum capital, relying on shareholders and the executive team.

      Financial Summary

      Prev Year Current Year Est. FY 2024 Est. FY 2025
      Revenue NZ $0 NZ $0 NZ $0 NZ $0
      Operating Expenses -NZ $678 -NZ $535 NZ $0 NZ $0
      EBITDA -NZ $678 -NZ $802 NZ $0 NZ $0
      Net Profit -NZ $720 -NZ $832 NZ $0 NZ $0

      Company Details

      Company Name: Air Future Limited

      Company Number: 899632

      Company Documents

      Documents no longer available to download, as this campaign has closed

      Director Details

      Name Role Profile URL Invested?
      Russell Fitts Director https://www.linkedin.com/in/russell-fitts-ab631816/?originalSubdomain=nz
      Michael Kain Director http://https://www.linkedin.com/in/mick-kain-8306a0147/
      Peter Macaulay Director https://www.linkedin.com/in/peter-macaulay-06421322/

      Any photos of the fleet Air Trains at Expo 2022?

      Posted on 13-03-2022 by richard macdonald

      We have placed two photos of the AirTrain operating at Dubai Expo on our Facebook page:
      https://www.facebook.com/AirFutureNZ

      Answered on 21-03-2022 by Air Future


      I work at a winery in Marlborough and we use small petrol and electric cars or quads to work along the vines row, there is a significant use of this cars along the year, will the compressed air car have enough power to one day be apply on vineyard fields, where usually we carry a lot of heavy equipment? Will be 4wd?

      Posted on 12-03-2022 by Gonzalo

      One of the exciting aspects of the MDI manufacturing model is the ability to adapt vehicles to suit particular requirements evident by the refuse collection vehicle for Veolia, the people mover train at Dubai (larger vehicles) down to the AirPods, the planned GreenAir golf cart/service vehicles and Tuk Tuk being at the smaller end of the scale. So adaptability and versatility is already demonstrated.
      https://www.airfuture.co.nz/produts
      The AirPod 2.0 has a range of 100 – 120 km on air alone and up to 360 km in dual mode (depending on the terrain and carry loads). It is intended to be available in 3 models, The “Classic”, the “Pickup” and “Cargo”. The initial model is the AirPod 2.0.
      The GreenAir travelling range is intended to be 40 to 60 km depending on terrain and load. It will also include 3 models “Golf” “MiniPickup” “Peoplemover”. The initial version for display and promotion will be “GeenAir Golf”.
      We see the “off road” market as an exciting opportunity for new market development.
      The AirPod 2.0 and GreenAir engine is 7kW (430 cc). The MDI engines have a flat torque curve so will have similar power characteristics as an E.V. in the same range.
      An additional advantage of the MDI engine is to be able to use a variety of fuels to extend the vehicle travelling distance. In industries such as yours where you have the ability to collect methane this provides you the opportunity to be 100 fossil fuel free. Also the ability to install solar and store that energy in the form of compressed air provides an option to be 100% off grid using our compressed air electricity generation.
      I haven’t discussed 4wd with MDI so can’t provide a definite answer. However it would seem a logical extension to me.

      Answered on 12-03-2022 by Air Future


      If the share price is. 08 cents how would my investment grow?

      Posted on 09-03-2022 by Terry Rasmussen

      Shareholder benefit in any company, ours included, may be in the form of earnings benefits such as dividends, or valuation benefits such as increase in share price. Innovative companies tend to focus on increasing the value of the shares. That increase can be driven by what the company is achieving, plus, in a growth industry like climate change solutions, by its potential. In revolutionary industries like clean vehicles and renewable energy, the pace of growth in successful companies’ share value in earlier days has also been driven by potential. So in our case we are eager to start demonstrating the technology’s and products’ potential. For investments not yet traded on a stock market, such as ours, the company will asses an attribution of achievements to increase the share value, and seek both independent confirmation and market justification. In other words every major set of advancements will increase the share price, as it has historically.

      Answered on 09-03-2022 by Air Future


      Thank you for that answer but I have two more please. 1) Given then that the best efficiency the automotive industry can achieve is about 35% using fossil fuel what is the efficiency rating of the MDI motor using only air. ? 2) Can the MDI motor be retro fitted to replace my existing petrol motor. ?

      Posted on 14-02-2022 by David Bull

      1) Given then that the best efficiency the automotive industry can achieve is about 35% using fossil fuel what is the efficiency rating of the MDI motor using only air?

      Answer: MDI state the stored air to application efficiency as 68%. We discourage people comparing component efficiencies when they are actually interested in the application efficiencies, as it can be misleading. For example simple comparison of efficiencies across say Lithium Ion batteries, internal combustion engines, our air engine, hydrogen fuel cells, or pumped hydro will provide comparisons that can be quite misleading in actual applications, and their economics, and carbon footprint. For example a lighter manufactured car can compensate for a less efficient component if it is more affordable and cleaner. Or hydrogen might provide scale for which current chemical batteries are impractical or uneconomical.

      2) Can the MDI motor be retro fitted to replace my existing petrol motor?
      Answer: Technically, most certainly. One has to look at the application. We focus on a complete solution in the design, for example making vehicles lighter using composite materials in manufacture. Hence a very heavy vehicle would need a lot bigger storage capacity. So it becomes a matter of practicality. For a smaller boat for another example it would be relatively straightforward.

      Answered on 15-02-2022 by Air Future


      Great to see this technology is getting closer to production. I have been following MDI for many years and really impressed by it but there is still some answer/evidence I can't find despite being strongly promoted by the campaign.

      1) For electric cars we know the highest carbon footprint is during manufacturing of the car and during recycling of battery and this become advantageous in the long term (compare to petrol). What are the evidence/fact you have for the carbon footprint cost of manufacturing? (I know it could depend on the region but at least some would be useful)

      2) Does the engine need to be oiled (or something like that) to keep it in good working condition? if yes does it need to be changed regularly? (Or is there something else that would contribute to carbon cost)

      3) How noisy is the engine? (electric car does help with noise pollution)

      4) Estimated timeline (years?) for productisation for other upcoming products?

      5) Any plan to install Air Station in NZ? 2-3miin charge sound amazing and definitely an advantage compared to the electric car but crossing the control like this would require significant infrastructure investment. Also, could an electric car charging station be used (which plug are is it using?)

      6) On the MDI website it appears more licenses are available for this region. Which one are they and are you planning to get them?

      Thank you and looking forward to hearing back from you and I wish you all the best in this campagne.

      Posted on 14-02-2022 by guillaume clin

      1) For electric cars we know the highest carbon footprint is during manufacturing of the car and during recycling of battery and this become advantageous in the long term (compare to petrol).
      What are the evidence/fact you have for the carbon footprint cost of manufacturing? (I know it could depend on the region but at least some would be useful)

      Answer: A carbon footprint comparison will depend what one is comparing to, for example comparing electric vehicles to internal combustion engines, where electric are cleaner but you must consider the production supply & delivery chain. If on the other hand we compare the electric vehicles technology to that of the compressed air, and include the supply & delivery chain, footprint difference is far more dramatic. We intend to manufacture regionally near customers. Hence in comparison the electric vehicle, using a chemical battery (e.g. Lithium Ion), has footprint disadvantages including: mining, making of the batteries, making of the heavier vehicles, warehousing, distribution & shipping from central site, & ultimately recycling. In our case by our regional manufacture, plus by using air for energy, many of these factors are eliminated. However focusing only on comparative manufacturing footprint is up to conjecture, so we don’t take that position. Although logically traditional steel and aluminium heavy electric vehicles will require more energy than our lighter locally manufactured composite material air vehicles. MDI have undertaken a comparison supporting this, but we do not use the figures publicly as they are hypothetical.
      To add to that our “batteries” that hold the compressed air include storage tanks that are made of carbon fibre which can also be made of natural and locally grown lignum products.
      Tanks require servicing only every 5 years and with a limitation to 20,000 refill cycles this provides one of our batteries a life of 50 years, which outlives the life of the vehicle.

      2) Does the engine need to be oiled (or something like that) to keep it in good working condition? if yes does it need to be changed regularly? (Or is there something else that would contribute to carbon cost)

      Answer: Our whole process is based on how to use less energy and use cleaner energy. Whereas traditional vehicles tend to use energy intensive or less clean designs or technology (e.g. heavy vehicles or chemical batteries), we tend to use holistic designs with composite materials and incorporate integrated functions, all adding efficiency.
      The engines are piston engines, a well proven concept. They do not require a cooling system like an internal combustion engine, improving reliability and removing potential maintenance costs. The main maintenance activities are changing engine oil and 5 year inspections of storage tanks. There is no pressure in the engine oil circuit with the pump requiring minimal energy. Oil changes can be made every 25,000 to 30,000 km. As there is no internal combustion an oil type can be synthetic or selected plant based.

      3) How noisy is the engine? (electric car does help with noise pollution).

      Answer: Having driven earlier air car versions our view would be less noisy than internal combustion engine and more so than battery E.V.’s which makes no noise. MDI are particularly conscious of providing minimum noise pollution as a customer requirement and intent on providing positive customer experience. For home electicity generation and storage the engine will be expected to be no more noisy than a household appliance such as a refrigerator.

      4) Estimated timeline (years?) for productisation for other upcoming products?

      Answer: Continuing product development is an important contribution utilising compressed air as an industry change agent and we seek to provide access to a full range of zero emission products using the technology.

      5) Any plan to install Air Station in NZ? 2-3miin charge sound amazing and definitely an advantage compared to the electric car but crossing the control like this would require significant infrastructure investment. Also, could an electric car charging station be used (which plug are is it using?)

      Answer: Yes we plan to have the air stations where users of our Air vehicles can recharge in approx 2 minutes. However Air stations are not part of our (AFL’s) immediate market entry as vehicles are designed to be capable of being recharged at home or at a community plug ins using electricity to run the reversible engine. Our understanding is that the plugin adaptor will be universal to local charging stations.
      For fleet vehicles MDI have identified the applicabilty of mobile filling stations where “in street” vehicles can be refueled with compressed air from a mobile “air filling vehicle”.
      This is a very practical solution for say business districts, as per the picture in the documentation.

      6) On the MDI website it appears more licenses are available for this region. Which one are they and are you planning to get them?

      Answer: Air Future Ltd currently has regional exclusivity for vehicles electricity generation, and energy storage plus has first rights of refusal for additional opportunties. There are impracticalities in having multiple licensees for a region such as Australasia or say India due to overlapping of products requiring the same engine, particularly in a market development environment.
      We consider that maintaining a good licensor/licensee relationship is an essential element of a longstanding business relationship. This approach has proven to the benefit to MDI, our company and our shareholders.

      Thank you for your questions. We hope you can be part of the adventure.

      Answered on 15-02-2022 by Air Future


      So what is the difference between your MDI vehicles that you say can run on air alone and the cars that we currently drive around in that run on petrol. ??

      Posted on 11-02-2022 by David Bull

      Thanks David. I've written a simple explanation - I've call ed it “You must be dreaming”

      Imagine if we all used vehicles that ran on clean compressed air. Imagine if we used the same technology to provide electricity and energy storage for our homes.
      The vehicles could be filled up in two minutes at a locally situated Air Station or overnight at home from electricity generated and saved during the day through the compressed air storage system operating in conjunction with your solar electricity generation system.
      The cost to complete 120 km in the small AirPod 2.0 initial inner city vehicle was approximately $4.00 (electricity recharging cost) on air alone and using the dual fuel mode the cost to travel up to 360km was approximately $10.75.
      Imagine that you were approached to invest in a new technology called the “internal combustion engine”. This new engine didn’t require abundant, ambient, free air to operate but required a diminishing resource (fossil fuel) extracted and refined at great cost overseas and transported to your town.
      The engine relied on burning the highly explosive fuel at temperatures of over 2,000°F in a highly technical and heavy engine placed in front of the driver. The explosive fuel required to run the engine was contained in a tank positioned slightly behind the driver or passenger.
      The engines weren’t particularly efficient varying from 15 -35% efficiency meaning that approximately ¾ of the fuel that you bought was wasted and went out the exhaust pipe to pollute the atmosphere in the form of carbon dioxide or CO2.
      Fuel cost to travel 360km with fuel at $3.00 per litre was predicted at $54.00.
      Surely advisors would say “you must be dreaming that sounds like a nightmare”. Yet that is the current system that we are wedded to.
      There is an alternative and that is what Air Future Ltd is offering.
      Subscribing to Air Future Ltd.’s Crowd Funding Offer provides new investors and existing shareholders an opportunity to sidestep products reliant upon the internal combustion engine and their negative environmental impacts.
      Our Crowd Funding is raising capital to showcase and demonstrate in New Zealand the initial transport and energy products.
      Our Information Memorandum highlighting the products and our intentions is available at https://pledgeme.co.nz/investments/447-air-future-ltd

      Answered on 11-02-2022 by Air Future


      How will the Airpod meet the crash safety standards required by New Zealand and other countries? What standard will the Airpod be rated to?

      Posted on 24-01-2022 by David Cohen

      Answer:
      The AirPod is classified as a Quadricycle (class L7e). The quadricycle is a European Union vehicle category for four wheeled microcars which allows these vehicles to be designed to less stringent requirements when compared to regular cars.
      Quadicycles are defined by limitation in terms of weight, engine power and speed. Examples of vehicles within the L7e category are Renault Twizy, golf carts, resort service vehicles and the "Paxter" vehicles currently used by NZ Post for city mail delivery.
      Within Europe, the UK, Pacific Island countries, most North American states and countries in Asia, Africa and South America Class L7e vehicles are certified for use on public roads.
      New Zealand and Australia do not have a L7e category therefore unlike most other countries around the world the vehicles are not road certified.
      We have raised this anomaly with the government. We quote from the reply (May 2018) of the Associate Minister of Transport on behalf of the Minister of Transport.
      “The issue of how New Zealand transport law deals with low powered vehicles, such as four-wheeled mopeds (which European legislation refers to as class L7e, quadricycles), along with e-bikes and novel technologies such as the Segway, is an area where the law has clearly not kept up with the development of new technology.
      The Government has recently agreed to consider whether a new set of rules are needed to manage these low powered vehicles. This work will consider whether we should amend our current laws to enable quadricycles, to legally be used on our roads. This work will consider how, on the one hand, we can enable people and especially those who cannot drive conventional vehicles to remain mobile and active in their communities. On the other hand, the law needs to protect the occupants of the vehicles and other users of the roads and, in some cases, footpaths from unsafe use.”
      Following this capital raising as part of the use of proceeds under our crowdfunding offer Air Future Ltd will recommence introducing the AirPod to The Ministry of Transport (The Te Manatū Waka) and NZTA (Waka Kotahi).
      The game-changing benefit for both of our environment and our people is the relative affordability of these vehicles, making innovative transport technology more accessible to a significantly greater number of New Zealanders.
      In the meantime Air Future has identified numerous off road applications for the AirPod such as service and delivery vehicles within airports, parks and reserves, university campus, tourist resorts, golf courses, retirement villages, closed communities etc.
      For your further information the AirOne range of vehicles are intended to be on-road vehicles which will meet European Certification standards for road vehicles.

      Answered on 25-01-2022 by Air Future


      How much is sale price of Airpod 2.0 ? How is the pricing compared to electrical vehicles? How long can it go with one air tank charge and what is maximum cruising speed ?

      Posted on 20-01-2022 by ali_jaf

      MDI provide the following specifications for the AirPod 2.0.
      Airpod 2.0 Range:
      Air Only: 100 – 120 km
      Dual Energy: 300 – 360 km
      Max Speed 80 km/h

      Dual Energy. The engines have a burner between the compressed air tank and the engine that heats the air outside the engine.
      This action multiplies by 3 the air expansion, and therefore the range of the vehicle, with a fuel consumption, bioethanol, or any other fuel hydrocarbon content, of 0.5 l per 100 km.
      Air heating is carried out here at 600 ° with a virtually zero amount of dangerous emissions of oxides of nitrogen (NOX) and unburned hydrocarbons (HC).
      Sale Price. Sale price has not been determined for our New Zealand operation. Current estimates are for less than $20,000 for an AirPod 2.0.

      Answered on 20-01-2022 by Air Future

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      "How easily can I find your people mover in Dubai when I visit in March?"

      This campaign was successful and got its funding on 20/03/2022 at 8:00 PM.

      This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in Air Future Ltd, you can sign up to be notified when a new equity campaign from this company is published.

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      Investor Perks

      Shares In Air Future Limited

      NZ $1,000.00+

      Ordinary shares in Air Future Limited. Minimum investment of $1,000 for 12,500 shares. Shares are $0.08 each.

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.