BREAKING NEWS: Skyports raises £5.35 million in Series A funding

Skyports. Visual 1

Skyports has raised £5.35 million in Series A funding, jointly led by Deutsche Bahn Digital Ventures (DBDV) and Groupe ADP.

The round also includes significant new investment from Levitate Capital following their seed investment in the company in January 2018.

Skyports said the capital allows Skyports to continue its programme of acquiring sites for passenger and cargo vertiports in cities around the world, including Singapore and Los Angeles.

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Following the Singapore showcase of the world’s first passenger vertiport in October – the VoloPort – in partnership with air taxi manufacturer Volocopter, Skyports has received substantial interest from landlords in the city state and other cities around the world.

Skyports also confirmed its plans to further develop its drone delivery business.

Building on its acquisition of multiple drone platforms to suit operations in urban and rural environments, Skyports will expand the team for full commercialisation of its delivery services.

Duncan Walker, CEO of Skyports, said: “We are delighted to welcome strategic investors with a long-term vision for the company.”

Adding: “Our investors bring expertise in mobility, infrastructure and airport operations. Their significant balance sheets and strong leadership in their respective markets allow Skyports to consolidate its leading position in the industry in these early stages and through to permanent commercial operations in multiple markets.”

The urban aviation market is anticipated to be worth c. $1.5 trillion by 2040, $850 billion of which will be taken up by passenger vehicles and $400 billion by the transportation of goods by drone.

DBDV and Groupe ADP will take seats on the Skyports board and the company has the option for a second close in the Series A round in the near future.

Last year, CDP sat down with Duncan Walker for an exclusive insight into his plans for the business.

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Tags : financialFundingSkyports
Alex Douglas

The author Alex Douglas

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