SkyDrive Inc. has raised ¥8.3 billion in Pre-Series D funding through a third-party allotment, led by MUFG Bank, Ltd. with investments from Suzuki Motor Corporation, East Japan Railway Company (JR East), Kyushu Railway Company (JR Kyushu), and seven other companies.
The new funding will be used to strengthen the company’s development team, enhance testing infrastructure, improve operational readiness, and accelerate activities related to the certification and development of the SKYDRIVE SD-05 eVTOL aircraft.
Fundraising Background
SkyDrive has been actively working to obtain type certification, a critical step toward the commercialization of eVTOL. In February 2025, Japan’s Civil Aviation Bureau (JCAB) issued a G-1 certification basis for the SKYDRIVE SD-05, SkyDrive’s lightweight, 3-seater eVTOL aircraft.
Currently, the company is advancing its certification plans and coordinating with JCAB on the specifics of upcoming tests and their timelines. Following an agreement on the certification plan, SkyDrive will conduct extensive ground and flight tests in line with the agreed plans.
Strategic Alliances with Railway Companies
Following on from partnerships with Osaka Metro Co., Ltd. and Kintetsu Group Holdings Co., Ltd., SkyDrive collaborating with JR East and JR Kyushu as strategic equity partners in this new funding round. SkyDrive now maintains capital and business alliances with a total of four railway companies.
Integrating SkyDrive’s eVTOL capabilities into existing networks operated by these partner companies will reportedly create seamless mobility solutions that effectively combine overland and air travel. These collaborations will also focus on the establishment of air routes and the development of vertiports, as well as public relations efforts designed to boost public support for widespread eVTOL use of eVTOL.
Mr. Yoichi Kise, President and CEO of East Japan Railway Company, commented, “The history of rail travel in Japan dates back more than 150 years. Since their introduction, railways have continually evolved alongside societal progress, adapting to changing lifestyles and technologies. Our recent partnership with SkyDrive represents an important milestone in our journey to create seamless mobility services that connect ground and air transportation.
“We believe this collaboration has the potential to address regional transportation challenges and unlock innovative solutions. By integrating railway services with eVTOL technology, we aim to help build a more comfortable and sustainable society. Building on our long-standing commitment to safety and passenger peace-of-mind, the East Japan Railway Company looks to create new value through the next-generation mobility solutions that will shape the future of transport.”
With this latest round, SkyDrive’s cumulative funding now exceeds ¥43 billion. New investors include Kyushu Railway Company (JR Kyushu), East Japan Railway Company (JR East), and UNIVANCE CORPORATION.
Returning investors include ITOCHU Technology Ventures, Inc., Obayashi Corporation, The Kansai Electric Power Company, Incorporated, SUZUKI MOTOR CORPORATION, SuMi TRUST Innovation Investment LPS, TOYODA IRON WORKS CO., LTD., NHK SPRING CO., LTD., and MUFG Bank, Ltd.
Mr. Yoji Furumiya, Representative Director, President and Corporate Officer of Kyushu Railway Company, explained, “eVTOL will not only provide tourists with exciting, memorable air travel experiences, it will also make significant contributions to community development by providing a new daily transportation option for local community residents.
“This initiative aligns with key strategies outlined in the JR Kyushu Group Medium-Term Business Plan, which outlines our deep involvement in realizing sustainable mobility services, city building through enhanced collaboration among businesses, and planting seeds for the future. Through the introduction of innovations in air mobility, we aim to make the Kyushu region more attractive, and we are committed to working together with the local community to advance this exciting project.”
Mr. Norihiko Takao, President of Univance Corporation, stated, “We are thrilled to announce our investment in SkyDrive, a company driving the move towards next-generation mobility services as an innovator at the forefront of eVTOL aircraft development.
“At Univance, we have spent decades developing and manufacturing advanced drive systems for the automotive industry, and we are confident that, by applying our expertise, we can play a key role in building the infrastructure needed for a new era of transportation. Through our partnership with SkyDrive, we look forward to creating sustainable and innovative mobility solutions, while working together to address critical societal challenges and shape a better future.”
Tomohiro Fukuzawa, CEO of SkyDrive Inc., added, “Since our additional Series C funding in August 2024, SkyDrive has made steady progress in the development of our eVTOL aircraft. With substantial support from our partner Suzuki, prototypes of our eVTOL have successfully completed numerous flight tests without incident, also achieving a successful demonstration flight at the Osaka-Kansai Expo site in April 2025. We are also pleased with the progress of our certification plans with the issuance by JCAB of the standards that will apply to our application for type certification.
“On the global business front, we have received over 380 pre-orders across seven countries, further expanding the international reach of our vision. Additionally, in this Pre-Series D round, we are honored to welcome JR East and JR Kyushu as new partners. We are confident that integrating SkyDrive’s next-generation mobility solutions into Japan’s railway networks will enable us to deliver seamless mobility services that link ground and air transport, providing a fast and convenient customer experience.
“As we welcome this new investment, we would also like to express our deepest gratitude to all of the investors who have been with us from the earlier stages of our journey. These valuable partners include Suzuki, MUFG Bank, Itochu Technology Ventures, Obayashi Corporation, Kansai Electric Power, Toyoda Iron Works, NHK Spring, and SuMi Trust Innovation Investment.
“Through their early involvement, these shareholders have shared SkyDrive’s vision, significantly contributing to the refinement of our technology and the expansion of our business possibilities. Their unwavering support enables us to push the boundaries of innovation and work toward the wider public acceptance and adoption of eVTOL. We remain committed to advancing our development efforts as a united team, striving to bring the future of air mobility to life as quickly as possible.”
