AIR Lands $23M to Bring its eVTOLs to the US
AIR, an Israeli-based eVTOL (electric vertical takeoff and landing) developer, recently secured $23 million in funding. This investment aims to facilitate the company’s expansion into the United States, bringing its personal eVTOLs closer to the American market.
Funding Details
The funding round saw participation from several investors, underscoring confidence in AIR’s vision and technology. This financial boost enables AIR to accelerate its production timeline and navigate the complexities of entering a new market.
Expansion Plans
With this new capital, AIR plans to:
- Establish a stronger presence in the U.S.
- Enhance its manufacturing capabilities.
- Obtain necessary certifications and approvals.
About AIR’s eVTOLs
AIR focuses on developing personal eVTOLs, aiming to make individual air mobility a reality. Their aircraft are designed for ease of use, safety, and accessibility, catering to a broad spectrum of potential users.
