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“Airbility Raises KRW2.5 Billion For Pre-Series A Funding Round”

South Kore­an-based Air­bil­i­ty, an Advanced Air Mobil­i­ty (AAM) com­pa­ny, recent­ly announced it has secured KRW 2.5 bil­lion in a Pre-Series A Fund­ing Round, bring­ing its cumu­la­tive invest­ment to KRW 3.7 bil­lion, reports a press release. 1,451 Kore­an Won (KRW) is equiv­a­lent to 1 USD.

The fund­ing round includ­ed new financ­ing from Samho Green Invest­ment and fol­low-on stakes from Base, Stone­bridge and Mashup Ven­tures. With this lat­est invest­ment, “Air­bil­i­ty has strength­ened its foun­da­tion for eVTOL air­craft com­mer­cial­i­sa­tion and glob­al mar­ket entry,” says the release. “Par­tic­u­lar­ly notable is the active fol­low-on par­tic­i­pa­tion by ini­tial seed investors, demon­strat­ing strong trust in Air­bil­i­ty’s advanced tech­no­log­i­cal capa­bil­i­ties and mar­ket poten­tial.”

Jin­mo Lee, Co-CEO of Air­bil­i­ty, com­ment­ed, “This fund­ing marks a piv­otal step in lay­ing the ground­work for tech­nol­o­gy com­mer­cial­i­sa­tion and glob­al mar­ket expan­sion. We aim to cre­ate new val­ue in the glob­al avi­a­tion mar­ket through sus­tain­able mobil­i­ty solu­tions.”

Please Watch Videos

https://www.youtube.com/@AIRBILITYinc

Air­bil­i­ty plans to use the invest­ment to com­mer­cialise its first unmanned eVTOL air­craft, the AB‑0, for wide-area sur­veil­lance and recon­nais­sance. This 10 ft wingspan eVTOL air­craft flies at 125mph and has more than 2 hours of endurance. Air­bil­i­ty fin­ished pro­to­typ­ing AB‑0 and had its first flight tri­al last year.

With the company’s HQ at Seong­nam-si, Gyeong­gi-do, its web­site states, “We have devel­oped opti­mal con­fig­u­ra­tions and flight sys­tems opti­mised for high-speed flight with elec­tric ver­ti­cal take-off and land­ing (eVTOL). We have also pio­neered inno­v­a­tive dis­trib­uted elec­tric fan­jet sys­tems and mod­u­lar hybrid pow­er sys­tems. These advances enable us to offer an unmanned aer­i­al mobil­i­ty solu­tion that over­comes the con­straints of loca­tion and dis­tance, enabling safe and qui­et medi­um and long-range trav­el.”

Jin­mo Lee

Back­ground

Air­bil­i­ty is devel­op­ing two types of eVTOL deploy­ing vec­tored thrust propul­sion sys­tems. The AB‑2 is Air­bil­i­ty’s flag­ship prod­uct, a two-seat manned air­craft being devel­oped to meet the MOSAIC rule intro­duced by the FAA in 2023. This is a high-per­for­mance, light sports air­craft capa­ble of fly­ing 250 miles at 250mph and is tar­get­ed for com­mer­cial­i­sa­tion in 2028. The com­pa­ny was found­ed in 2023 by a group from the Agency for Defense Devel­op­ment, Hyundai Motor Com­pa­ny and LG Elec­tron­ics.

The AB‑2

For more infor­ma­tion

https://airbility.co.kr/en/?ckattempt=1

(Images: Air­bil­i­ty)

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AB‑0

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