Vertiport developer Skyports has raised over $110 million in a Series C funding round.
Infrastructure and construction company ACS Group has made a substantial investment in Skyports to become the largest investor in the company.
ACS Group, which in 2023 generated revenue of $39 billion, has invested via its wholly owned infrastructure development/concessions business Iridium Concesiones de Infraestructuras S.A., (IRIDIUM).
The capital will support key developments on both sides of Skyports’ business. Skyports Infrastructure will use the funding to build out its vertiports ahead of the launch of air taxi services in Dubai by 2026 and continue to progress in other markets. Skyports Drone Services will continue to build on its existing services, including recently launched offshore energy asset deliveries, medical deliveries, linear asset inspections and water quality monitoring services.
ACS INFRA, known for its innovative large-scale transport projects and focus on sustainable, inter-modal developments, aligns with Skyports’ vision for the future of passenger and cargo transport. The two companies will also explore how drone delivery and inspection services can be incorporated into ACS Group’s substantial portfolio of infrastructure assets and construction and mining projects.
In addition to the new capital invested by ACS, existing shareholder, Paris-based airport operator, Groupe ADP will invest additional capital in Skyports’ Series C funding round.
The investment will see IRIDIUM CEO, Nuria Haltiwanger, join the Skyports Board of Directors as Chairperson. Ramon Villaamil and Vicente Maraña will also join the Board.
Duncan Walker, CEO and Co-founder of Skyports, said; “With ACS backing, we are in the best possible position to advance commercial air taxi and electric drone services around the world.
“Investment from a world-class transport infrastructure leader serves as an endorsement of Skyports’ initiatives and underscores the immense potential of the market. Having ACS INFRA as a substantial shareholder in the company, together with their significant cash investment, puts Skyports in a market leading position, which will allow us to continue growing and enabling new aviation services.”
Nuria Haltiwanger, CEO of IRIDIUM, added; “We are proud of our new partnership with Skyports, the leader in vertiport development, and the role we will be able to now play in the new and growing Advanced Air Mobility market.
“We are eager to bring our knowledge of large-scale infrastructure development and construction to help grow Skyports and the overall AAM market. We are looking at how Skyports Drone Services’ expertise will help us to bring further efficiencies to our existing asset management, construction and mining businesses in the Group. This investment in Skyports is a critical step in our strategy of further expansion in new generation infrastructure, particularly in sustainable mobility.”
