FlyNow Arabia has secured strategic investments from Den VC, in addition to from the Al Mohaidab, Reslan, and Mehchi household workplaces from Saudi Arabia and throughout the MENA area.
The funding will permit the corporate to fast-track the localisation of its electrical air mobility operations in Saudi Arabia.
Over the approaching 12 months, FlyNow Arabia will set up a regulatory sandbox for testing and start organising native manufacturing infrastructure for the FlyNow eCopter — a next-generation modular eVTOL designed for each air taxi and cargo logistics.
FlyNow Arabia eCopters in Saudi Arabia
Yvonne Winter, CEO of FlyNow Arabia, mentioned: “It is a main milestone for us that marks the start of an thrilling new chapter. We’re really honoured by how warmly the Kingdom of Saudi Arabia welcomes our firm and helps our mission to create the sustainable mobility of the longer term.
“This partnership shouldn’t be solely a validation of our imaginative and prescient, but in addition a transparent alignment with the ambitions of Saudi Imaginative and prescient 2030. Collectively, with the help of our buyers and the Saudi authorities, we’re proud to construct a brand new period of unpolluted, quiet, and reasonably priced 3D mobility — made within the Kingdom.”
The FlyNow eCopter, which incorporates each cargo and passenger variants, is totally electrical, ultra-lightweight, and gives working prices corresponding to a taxi journey.
Flying under 55 dB(A), quieter than a family dishwasher, the plane is designed for automated flight utilizing confirmed autopilot know-how, enabling quicker certification and smoother regulatory adoption.
Alongside its core passenger and cargo fashions, FlyNow can be growing specialised configurations for firefighting and medevac purposes, extending the attain of 3D mobility into essential public service roles the place velocity, security, and precision are very important.
The funding straight helps key pillars of Imaginative and prescient 2030, together with logistics innovation, sustainable industrialisation, good mobility, and regional job creation. Manufacturing will probably be totally localised in Saudi Arabia, supported by strategic industrial partnerships.
FlyNow Arabia additionally acknowledged the Nationwide Industrial Improvement Heart (NIDC) and the Ministry of Funding (MISA) for his or her continued help and steering.
Waleed Khalil, Managing Accomplice at Den VC: “FlyNow represents the way forward for aviation and mobility. It’s an formidable platform constructed to fulfill tomorrow’s challenges, totally aligned with regulation and the aspirations of Imaginative and prescient 2030, and we’re pleased to be a part of this journey”.
