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.
Follow AAMi

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 Edited by Joseph Macey, Editor and Copywriter and experienced journalist with an active interest in advanced air mobility. Connect & Contact

Latest Articles

Joby Achieves Piloted Transition Flight Milestone with Electric Air Taxi

Joby Aviation has achieved a major testing milestone, completing piloted transition flights that validate its electric air taxi's unique vertical and wingborne flight capabilities

Apr 30, 2025
New Investment to Boost Skyports’ Vertiport Network

Skyports has revealed a significant investment from ACS Group, expanding its vertiport and drone service capabilities, and further advancing its global infrastructure and transportation solutions

Apr 29, 2025
Pivotal Personal eVTOL Recognized with Edison Gold Award

Pivotal’s Helix personal eVTOL has earned the 2025 Edison Gold Award, marking a major milestone in personal electric flight innovation and design

Apr 28, 2025
Archer Advances Abu Dhabi Hybrid Heliport Project

Archer is transforming Abu Dhabi's Cruise Terminal helipad into a hybrid heliport for helicopters and eVTOLs, marking a significant step toward commercial air taxi operations in the UAE

Apr 25, 2025
Electra Secures Funding to Advance EL9 Ultra Short Aircraft into Pre-Production

Electra has secured $115 million in a Series B funding round led by Prysm Capital to advance its EL9 Ultra Short aircraft, bringing the hybrid-electric platform closer to the pre-production and certification phase

Apr 24, 2025
Ventura County Secures $550k Grant to Launch Advanced Air Mobility Innovation Center

Ventura County is making a major move toward becoming a regional leader in AAM with the launch of a new Innovation Center, backed by a $550,000 grant from Uplift Central Coast

Apr 24, 2025