Alpine Vertical has launched a $20 million equity raise to accelerate the development and commercialization of its hybrid Vertical Take-Off and Landing (hVTOL) aircraft, the Argon.
This funding round marks a significant milestone in the company’s mission to deliver safe, sustainable, and accessible vertical flight solutions, positioning it as a key player in the evolving advanced air mobility market.
By leveraging a proven airframe with proprietary vertical lift modifications, Alpine Vertical minimizes regulatory challenges and development risks, setting itself apart from industry peers. Its streamlined certification strategy enables a rapid go-to-market timeline of just 24 to 30 months—significantly faster than competitors facing certification windows of up to 16 years. The Argon is designed to be a cost-effective, highly adaptable solution for emergency services, flight training, and personal use, redefining efficiency and accessibility in vertical aviation.
Stephen Tibbitts, CEO and Chairman of Alpine Vertical, said, “The market for eVTOL aircraft is expanding rapidly, projected to grow from $1.2 billion in 2023 to $17.7 billion by 2030. Our strategy of integrating proven aviation technologies with our proprietary hybrid VTOL modifications uniquely positions us to capture an underserved segment of the market—providing an accessible and lower-cost alternative to traditional helicopters and larger eVTOL designs.”
