Urban Air Port wins financing deal “to develop 200 vertiports worldwide”

UK start-up, Urban-Air Port Ltd (UAP) has announced it has secured investment from Supernal, previously the Urban Air Mobility Division of Hyundai Motor Group, to deliver on the companies’ shared vision of integrating advanced air mobility (AAM) into existing transit networks and creating a seamless passenger journey. The funding will help support UAP’s plans to develop 200 vertiport sites across the world in the next five years.

According to a company press release:

“UAP’s vertiport sites will provide essential infrastructure to help enable mass adoption of eVTOL aircraft – such as cargo drones and air taxis – as public acceptance grows and will transform the way goods and people are transported around urban areas. The world’s first fully operational hub for eVTOLs, Air-One, will open for public visitation in Coventry City Centre in April. The demonstration will show how AAM can help unlock the potential of sustainable mobility and how the industry will work to help reduce congestion, cut air pollution and decarbonise transport.

“The landmark investment is the first time a major eVTOL company has invested in an AAM ground infrastructure developer. Urban-Air Port has also named Adam Slepian, Global Head of Partnerships & Business Development at Supernal, to its board of directors, effective immediately. Matthew Sattler, Head of Infrastructure and Ecosystems Partnerships at Supernal, joins UAP’s board of advisors. The close collaboration between the two companies will ensure knowledge and expertise are shared across two crucial components of the industry.

“Supernal is both convening public and private stakeholders to responsibly shape the AAM industry and developing its own eVTOL and plans to launch its first commercial flight in 2028. The company’s investment in the start-up will help support the development of UAP’s new “vertiport” models including the CityBox delivery drone hub [pictured here], and expansion into new markets.”

For more information

https://www.urbanairport.com/

(Image: Urban Air Port)

 

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