SkyDrive Secures Additional Funding for eVTOL Development

The funding was secured through a third-party allotment of new shares, purchased by Suzuki Motor Corporation, and will accelerate the development and manufacturing of the company's eVTOL aircraft By Joe Macey / 10 Jan 2024
SkyDrive Secures Additional Funding from Suzuki
Toshihiro Suzuki (left), Representative Director and President of Suzuki alongside Tomohiro Fukuzawa (right), CEO of SkyDrive in front of 20% scaled SKYDRIVE (SD-05) exhibition.
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Japanese eVTOL aircraft manufacturer SkyDrive has secured additional Series C funding from Suzuki Motor Corporation. 

The additional funding will accelerate the development and manufacturing of the company’s eVTOL aircraft.

SkyDrive and Suzuki are also jointly participating and exhibiting at the Global Trade Show, held during the Vibrant Gujarat Global Summit 2024 from January 9th to 13th in the State of Gujarat, India. SkyDrive is exhibiting its 1/5 scaled SKYDRIVE (SD-05) at Maruti-Suzuki India Limited’s booth under the support of Suzuki.

With the agreement on business and technology collaboration with Suzuki, SkyDrive will explore and strengthen the business development of eVTOL in the Indian Market.

Posted by Joe Macey Joseph Macey is a Content Specialist at Advanced Air Mobility International, focusing on emerging aviation technologies since joining in 2022. He has particular expertise in eVTOLs, vertiports, and propulsion systems. A graduate of Falmouth University in Journalism, Joseph began his career in 2019 as a local reporter. His journalism experience sharpens both his reporting and interview skills, enabling him to deliver well-informed, authoritative insights on the latest trends in the aviation sector. Connect

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