Volato is a small aviation technology company that has exited most of its direct aviation operations and now focuses primarily on two software platforms. The core product is Vaunt, a mobile app that aggregates empty leg flights — repositioning flights that would otherwise fly empty — from Part 135 charter operators and offers them to members for an annual subscription fee with no per-flight charge. Members book entire aircraft and receive waitlist positions via a proprietary algorithm. Vaunt targets spontaneous travelers seeking affordable private aviation access and has surpassed 190,000 app downloads and over $1.5M in ARR. Vaunt monetizes both sides of the market: members pay for access, and operators share revenue with Vaunt in exchange for exposure to a new customer segment. Volato also developed Mission Control, an internal flight management system now being licensed as a SaaS product to third-party Part 135 operators, with flyExclusive as its first external customer. A third platform, Parslee, is an early-stage enterprise AI product built for Microsoft 365 environments that automates workflows and processes complex documents; it entered its first paying pilot programs in Q3 2025 and has no meaningful revenue yet. Volato transferred its aircraft fleet management to flyExclusive and sold its FAA Part 135 certificate in March 2025, effectively winding down its aviation operations. The company has 13 full-time employees and is pursuing a proposed merger with M2i Global, a critical minerals company, in which M2i shareholders would own approximately 85% of the combined entity.
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