Air mobility software provider Aerovy completes $800,000 pre-seed funding round

Aerovy, a Pur­due Uni­ver­si­ty start­up devel­op­ing cloud-based soft­ware for advanced air mobil­i­ty (AAM) has closed its round of pre-seed fund­ing, rais­ing $800,000 from Pur­due Inno­vates, M25 and the Fly­wheel Fund.Aerovy has also recent­ly launched addi­tion­al new part­ner­ships with Apri­cus Ener­gy Part­ners and Vola­tus Infra­struc­ture & Ener­gy Solu­tions.

Aerovy CEO Nick Gunady said: “The clos­ing of the pre-seed round for AAM and air­port elec­tri­fi­ca­tion will allow us to deploy to our cus­tomers and part­ners world­wide.”

Pur­due Inno­vates ven­tures direc­tor Tyler Man­tel added: “Invest­ing $200,000 into Aerovy’s fundrais­ing round was not just a vote of con­fi­dence in its vision, but a tes­ta­ment to our belief in their poten­tial to rev­o­lu­tionise ener­gy demand man­age­ment.”

M25 found­ing part­ner Mike Asem con­tin­ued: “It is clear that Aerovy has unique tech­nol­o­gy with full poten­tial to be a core com­po­nent of the next wave of trans­porta­tion infra­struc­ture.

“As a Pur­due alum­nus myself, in addi­tion to M25’s focus on star­tups in the Mid­west, we couldn’t be hap­pi­er about invest­ing in this game-chang­ing tech­nol­o­gy out of West Lafayette.”

Fly­wheel Fund ven­ture part­ner Bri­an Hat­ton com­ment­ed: “We are observ­ing dra­mat­ic changes in the ener­gy indus­try and in the pos­si­bil­i­ties for elec­tric air trav­el, with Aerovy at the nexus of the two. Our focus on sup­port­ing entre­pre­neurs in Indi­ana and the Mid­west is real­ly shin­ing through with the invest­ment in this game-chang­ing tech­nol­o­gy.”

Gunady also announced an expand­ed part­ner­ship between Aerovy and Elec­tro Base, a lead­ing provider of bat­tery con­tain­er tech­nol­o­gy. Elec­tro Base is a sub­sidiary of Electro.Aero, an elec­tric avi­a­tion charg­ing tech­nol­o­gy com­pa­ny based in Perth, Aus­tralia. Aerovy and Electro.Aero had estab­lished a part­ner­ship in ear­ly 2023.

Aerovy had pre­vi­ous­ly estab­lished world­wide part­ner­ships with Alta­port, an automa­tion soft­ware com­pa­ny based in Salt Lake City, and Sky­Scape, a devel­op­er of ver­ti­port infra­struc­ture based in Osa­ka, Japan.

Gunady con­clud­ed: “Through this part­ner­ship with Sky­Scape, Aerovy will deploy cloud soft­ware solu­tions to the Inte­grat­ed Avi­a­tion Cen­ter in Hokkai­do, Japan. Aerovy has addi­tion­al plans to deploy around the world, includ­ing to sites in Paris, Sin­ga­pore, Dubai and Cal­i­for­nia.”

Aerovy has devel­oped AATLAS and VEMS, two soft­ware suites that address obsta­cles to advanced air mobil­i­ty like pow­er grid lim­i­ta­tions and oper­a­tions.

The AATLAS plan­ning soft­ware iden­ti­fies loca­tions that would attract the most demand, and assess­es expect­ed usage over time, sim­u­lat­ing charg­ing events minute by minute through­out the day. It can size pow­er gen­er­a­tion and stor­age assets, which enables end users to reduce depen­dence on the grid.

VEMS oper­a­tional soft­ware auto­mat­i­cal­ly con­nects users with all their assets at infra­struc­ture sites, includ­ing charg­ers and off-grid ener­gy sys­tems. Automa­tion tools remote­ly con­nect with air­craft, charge vehi­cles, min­imise grid cost and dynam­i­cal­ly price with­out any user input.