July 2020 Test Flights - Autonomous 2,700 Lbs. Technology Demonstrator.
Development process, 2018
- SectorAviation & Aerospace
The revolution of future urban air mobility
- FoundersRafi Yoeli, PhD.
- Notable Shareholders
- Round size
Urban Aeronautics is a leading aerospace company revolutionizing the future of Urban Air Mobility by designing and developing 'car-sized' aircrafts that will provide safe and rapid transport via seamless city integration. Helicopters are too noisy and have too big of a rotor strike safety area to easily land in big cities. The UrbanAero VTOL (Vertical Take Off & Landing) patented design is propelled by two quiet ducted fans allowing for compact landing space without the rotor strike risk. With over 300 test flights and strong aerospace partners, Urban Aero is scaling up towards real life urban flight services. Urban Air Mobility is the biggest aviation revolution of the last 100 years with over $1 Billion invested in 2020 alone. Get in on this once in a lifetime opportunity today.
This $3.8M funding round will be followed by $50M A round that will be based off of a substantially higher valuation of the company that is being prepared by financial advisors. This money will allow the company to scale up and begin preparations for development of full-scale prototypes which is the first step for manufacturing. In addition, approaching aircraft certification will dramatically increase the company’s value and allow it to become publicly traded.
COVID-19 strongly increases the need for intercity urban air mobility. This concept of aviation represents personalized mobility as a service and social distancing which is a trend as a result of the COVID-19 pandemic. The investment market has strongly picked up on the trend with over $1 billion invested in urban air mobility technologies in 2020 alone.