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Mon, Sep 20, 2021

Urban Aeronautics Secures $10 Million Advance for CityHawk

World's First Wingless, Hydrogen-Fueled Compact eVTOL 

Israel-based aerospace company Urban Aeronautics has revealed the first $10 million towards their next round of funding. After the latest test flights in July ran smoothly, the company has demonstrated the capabilities of their eVTOL called the CityHawk. According to the company, investors in the US, Brazil and Israel participated in the round.

The CityHawk is a car-sized eVTOL designed for multiple trips within a city per day with zero emissions and minimal noise. The CityHawk is intended for commercial air charters and emergency medical services and will be fueled by hydrogen.

The company was founded in 2006 and is in a Series A round of at least $100. October 2020 marked the arrival of new leadership, as Nimrod Golan-Yanay became the CEO. 

Since then, several milestones have been reached, including:

  • The new exterior of the CityHawk features a compact, wingless shape.
  • A partnership with California-based Hypoint to adapt hydrogen-fuel-cell technology for aviation
  • A pre-order from Hatzolah Air for four CityHawk eVTOLs for ambulance use

Impact study agreements with Skyports to study the infrastructure for vertiports in urban hubs in the Middle East, and in addition how vertiports can be designed to better support a hydrogen-fueled air fleet.

"The Urban Aeronautics team has formidable experience in aerospace engineering, aviation development, and bringing emerging technology products to market," says Urban Aeronautics CEO Nimrod Golan-Yanay.

"While we know that the vigorous testing and regulatory compliance that comes with any new aviation technology is still in development across the globe, we are extremely excited and bolstered by the milestones we've achieved in recent months that show how ideally suited CityHawk is for practical applications right within the city itself."

FMI: https://www.urbanaero.com

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