Skyfly Technologies raises $10 million seed round for Axe eVTOL certification work
Skyfly Technologies has raised $10 million in seed funding to support FAA certification of its two-seat Axe eVTOL. The company says the aircraft is being pursued for light-sport approval, which would be an important step toward market entry.
UK-based Skyfly Technologies has raised $10 million in seed funding, led by HICO Investment Group with participation from Archangel.
The company said the money will fund FAA certification of its two-seat Axe eVTOL.
Skyfly is pursuing light-sport approval for the aircraft, according to the source.
Skyfly TechnologiesHICO Investment GroupArchangelAxeeVTOLcertificationseed fundingFAAlight-sport aircraftGB