CycloTech raises EUR20 Million for “Innovative Aviation Propulsion System”

Aus­tri­an-based, CycloTech, a pio­neer in the devel­op­ment of “inno­v­a­tive flight propul­sion tech­nol­o­gy,” has raised a fur­ther EUR20 mil­lion invest­ment via its lat­est fund­ing round, reports a press release. The recent invest­ment which has come from Breeze Invest and Konos will enable fur­ther devel­op­ment of the first full scale pro­to­type of the CycloRo­tor propul­sion sys­tem. 

CycloTech has a fund­ing tar­get of EUR53 mil­lion for this year. Present­ly, the com­pa­ny is in dia­logue with oth­er poten­tial investors. This cap­i­tal will be used to pre­pare the CycloRo­tor for cer­ti­fi­ca­tion by EASA. 

Hans-Georg Kin­sky, CEO of CycloTech, com­ment­ed, “This cap­i­tal injec­tion is key to launch­ing our com­mer­cial activ­i­ties and the start of rev­enue gen­er­a­tion. The poten­tial appli­ca­tions of our propul­sion sys­tem are diverse.” He con­tin­ued, “We are already in talks for its use in the logis­tics sec­tor, con­struc­tion indus­try, as a fly­ing crane, but also high-pre­ci­sion drones for the defence indus­try are con­ceiv­able as well.”

Hans-Georg Kin­sky

Max­i­m­il­ian Schön­feldt, MD of Breeze Invest, added, “Our com­mit­ment to CycloTech reflects a strong con­fi­dence in the poten­tial of Urban Air Mobil­i­ty. We are cer­tain the company’s unique tech­nol­o­gy will rev­o­lu­tionise how we move from A to B in the long term.”

The release explains, “The elec­tri­cal­ly dri­ven CycloRo­tors make it pos­si­ble to vary the thrust force and direc­tion in a ful­ly cir­cu­lar path. This 360° thrust vec­tor con­trol dif­fers fun­da­men­tal­ly from con­ven­tion­al air­craft propul­sion sys­tems (jets, pro­pellers, rotors), which can only gen­er­ate thrust in one direc­tion.”

Markus Steinke, CDO at CycloTech, remarked, ”CycloRo­tors open the door to a new mass mar­ket in sus­tain­able avi­a­tion, with the poten­tial for mil­lions of vehi­cle propul­sion units to be pro­duced per year. The long-term goal with our CycloRo­tors is to turn the vision of the fly­ing car into real­i­ty.” 

This tech­nol­o­gy “enables the devel­op­ment of small­er, more com­fort­able, and high­ly manoeu­vrable eVTOL air­craft that stand out from cur­rent mar­ket solu­tions,” con­tin­ues the release. “The tech­nol­o­gy allows a seam­less tran­si­tion from ver­ti­cal to hor­i­zon­tal flight phas­es with­out the air­craft hav­ing to change its atti­tude or acti­vate addi­tion­al propul­sion sys­tems.”

Back­ground

Found­ed in 2004 as IAT 21, the com­pa­ny has spent over 15 years research­ing rotor tech­nol­o­gy. Its core busi­ness is the devel­op­ment and opti­mi­sa­tion of Cyclo­gy­ro rotors for either gaso­line, hybrid-elec­tric or eVTOL air­craft. From 2016 to 2023, six gen­er­a­tions have been devel­oped. The cur­rent ver­sion has been under­go­ing flight test oper­a­tions since 2021.

Con­cept Design

The com­pact design and unique 360° thrust vec­tor­ing of the CycloRo­tors enable an easy tran­si­tion from hov­er to for­ward flight pro­files with gust con­trol and pre­ci­sion land­ing. This is ide­al for safe oper­a­tions in crowd­ed air­space and con­fined areas.

For more infor­ma­tion

www.cyclotech.at

(Images: CycloTech)

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