Inflight VR is a startup that provides a Virtual Reality based entertainment system boosting revenues and customer experience for airlines.
Post-Covid, a vast majority of airlines worldwide will be in an existential crisis. In 2020, more than 40 airlines went out of business. In a post-Covid world, airlines are forced to find new revenue streams while at the same time ensure a high passenger satisfaction.The Inflight VR entertainment system allows airlines to monetize their passengers & offers them an immersive state-of-the-art experience. The Inflight VR technology:(i) Generates revenue through pay-per-view, advertising & eCommerce.(ii) Captures the undivided attention of the passenger.(iii) Levels up the guest experience through immersiveness.The Inflight VR entertainment system is proven on the market with landmark clients such as Qatar Airways, Singapore Airlines or FlixBus(>10k users) and taps into a tremendous demand from the travel industry. Passenger engagement & feedback is excellent across the board (average usage time of > 80 minutes & satisfaction rate of >90%). With Inflight VR, every passenger generates a revenue potential of more than €7.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Jun 1, 2021 | Non-Equity Assistant | — | 1 | Google for Startups | — | Detail |
Jan 1, 2021 | Convertable Note | — | 1 | Bayern Kapital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Google for Startups | Yes | Non-Equity Assistant |
Bayern Kapital | Yes | Convertable Note |