Business
AIR Secures $23M in Series A Funding to Accelerate U.S. Expansion and Deliver Multi-Domain eVTOLs at Scale
AIR, a pioneering startup offering eVTOL aircraft for uncrewed commercial and contested logistics, piloted personal flight, and defense use, today announced that it has raised $23 million in Series A funding. The round was led by Entrée Capital, with participation from Dr. Shmuel Harlap, renowned businessman and an initial backer of Mobileye, who has also been an investor in AIR since its inception. The funding will enable AIR to further scale its eVTOL (electric vertical takeoff and landing) ai
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[{"type":"text","content":"The new funding will drive the expansion of AIR's U.S. operations, support continued team growth, and expedite purchase order deliveries of AIR's uncrewed cargo aircraft, in line with the recent U.S. Executive Order on advancing air mobility","length":254,"tagName":"p"},{"type":"text","content":"TEL AVIV, Israel , July 30, 2025 /PRNewswire/ -- AIR, a pioneering startup offering eVTOL aircraft for uncrewed commercial and contested logistics, piloted personal flight, and defense use, today announced that it has raised $23 million in Series A funding. The round was led by Entrée Capital, with participation from Dr. Shmuel Harlap, renowned businessman and an initial backer of Mobileye, who has also been an investor in AIR since its inception. The funding will enable AIR to further scale its eVTOL (electric vertical takeoff and landing) aircraft production in support of a growing number of purchase orders and accelerate its U.S. expansion efforts.","length":669,"tagName":"p"},{"type":"text","content":"This momentum reflects a growing global demand for next-generation air mobility, further underscored by the U.S. government's recent Executive Order promoting eVTOL production and integration and the recent FAA MOSAIC ruling updating the light sport aircraft (LSA) certification qualifications to include eVTOL type aircraft such as the AIR ONE. AIR is uniquely positioned to meet these rigorous standards, making it one of the first eVTOL aircraft expected to receive LSA certification.","length":501,"tagName":"p"},{"type":"text","content":"AIR has already fulfilled initial aircraft deliveries to its first logistics customer in 2023, marking the start of commercial deployment of its aircraft. The company is building upon its presence and certification efforts in the United States and, in parallel, is expanding its global team to meet increased operational demands, delivering on a growing number of purchase orders for both its crewed and uncrewed models.","length":420,"tagName":"p"},{"type":"text","content":"AIR's uncrewed cargo eVTOL is designed to meet the growing demand for efficient, adaptable, and scalable air transportation solutions in industries such as cargo delivery, disaster response, contested logistics, and remote access operations. Its unique aerodynamics allow it to reach 100-mile range...