AIR Raises $23M to Scale U.S. Operations and Expand eVTOL Production

AIR Raises $23M to Scale U.S. Operations and Expand eVTOL Production

Funding supports delivery of uncrewed cargo aircraft and personal flight vehicles as U.S. pushes advanced air mobility AIR, an aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft, has secured $23 million in Series A funding to support U.S. expansion, production scaling, and continued delivery of its uncrewed cargo aircraft. The round was led […] The post AIR Raises $23M to Scale U.S. Operations and Expand eVTOL Pr…

AIR Secures “USD23 Million in Series A Funding” to Accelerate U.S Expansion, “Deliver Multi-Domain eVTOLs at Scale”

On the back of the MOSAIC announcement last week, start-up AIR is a good example of an eVTOL company that will greatly benefit from this ruling. Therefore, it is of no surprise to learn that the company, who develops and manufactures autonomous cargo and personal flying aircraft, has recently raised USD23 million in a Series A Funding Round, reports a press release.  The release explains, “The round was led by Entrée Capital, with participation …