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Bloomberg
Urban-Air Port, a UK startup that’s developing hubs for flying taxis, is closing in on 20 million pounds ($25.4 million) in funding after attracting two new equity investors.
Canadian services firm Dymond Group will invest in the infrastructure business while a European real-estate operator is also planning to back the company, founder and Executive Chairman Ricky Sandhu said. Minority shareholder Hyundai bought a stake earlier this year.
A model of a Supernal Electric Air Vehicle (eVtol) on
display inside the Air-One vertiport, developed by Urban-Air Port, for the vertical take-off and landing of flying taxis and autonomous delivery drones, in Coventry, UK.
Urban-Air Port has doubled its Series A fundraising goal from an initial 10 million pounds amid burgeoning interest in the sector. Manufacturers of electric vertical takeoff and landing craft, or flying taxis, are looking to enter service in the next few years.