Funding of $23 Million in Series A secured for the growth of multi-domain electric Vertical Takeoff and Landing vehicles (eVTOLs) on a large scale.

Israeli eVTOL Startup AIR Secures $23 Million Series A Funding

AIR, an innovative Israeli company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has successfully raised $23 million in Series A funding. The investment round was led by Entrée Capital and Dr. Shmuel Harlap, with the aim of accelerating the company's expansion and production to meet the growing demand for air mobility solutions in the United States.

The funding comes at a crucial time, as the U.S. government is increasingly supporting the development of Advanced Air Mobility (AAM) through recent Executive Orders and updates to the Federal Aviation Administration's (FAA) MOSAIC rule. These changes facilitate certification pathways for eVTOL aircraft, such as AIR's piloted AIR ONE, under the Light Sport Aircraft (LSA) category.

AIR's progress reflects a broader U.S. government push to boost domestic drone and eVTOL development, accelerating the emergence of AAM solutions for logistics, personal transport, and defense applications.

Key details about AIR's progress and plans:

Series A Funding and Expansion: The $23 million will expand production capacity and scale delivery of both uncrewed cargo eVTOLs and piloted personal flight vehicles, accelerating U.S. market entry and operations. AIR is actively establishing a U.S. operations center and exploring locations for its American production plant, with initial personnel and aircraft already in Florida.
Certification Status: AIR's uncrewed cargo eVTOLs currently operate under Experimental Airworthiness Certificates (EAC), allowing limited flights during certification development. The piloted AIR ONE aims to gain LSA certification under the FAA’s revised MOSAIC rule, potentially making AIR one of the first eVTOLs to achieve this.
Commercial Operations and Orders: Since 2023, AIR has conducted commercial flights with its first logistics customer. The company plans to deliver 15 uncrewed eVTOL aircraft next year and currently holds over 2,500 pre-orders for the AIR ONE piloted aircraft, positioning itself as a leading player in the AAM industry.
Aircraft Capabilities: The uncrewed cargo model offers a 100-mile range, speeds up to 120 knots, and a 550-pound payload capacity. The piloted AIR ONE focuses on safety and performance suitable for personal flight.
Industry Context: AIR’s progress aligns with a broader U.S. government push to boost domestic drone and eVTOL development, thus accelerating the emergence of AAM solutions for logistics, personal transport, and defense applications.

In sum, AIR is advancing rapidly with substantial funding backing, operational certifications underway, growing deliveries, and a strong pre-order backlog, reflecting significant momentum in their contributions to the Advanced Air Mobility sector.

The influx of $23 million in Series A funding for AIR will be allocated towards expanding production capacity, allowing for increased delivery of both uncrewed cargo eVTOLs and piloted personal flight vehicles in the United States, further integrating them into the growing aerospace industry.
To capitalize on the expanding finance landscape within the technology sector, AIR is aiming to invest heavily in research and development for future eVTOL aircraft models, positioning itself as a significant player in the finance-backed innovation of the aerospace industry.

Funding of $23 Million in Series A secured for the growth of multi-domain electric Vertical Takeoff and Landing vehicles (eVTOLs) on a large scale.