investment
Aerodyne Group raised $30 million in a Series B funding round. However, it is not clear whether this capital will be deployed to support the Vector program.
Announced in 2019, the Vector marks Aerodyne’s entry into the eVTOL manufacturing businesses. The quad-fan aircraft, which is based on the company’s existing drone technology, is being designed for cargo delivery, emergency response, and possibly passenger transportation. The company says that it is developing the prototype in collaboration with an undisclosed Japanese company. Aerodyne says the Vector is a "drone" designed as a “point-to-point air transportation system.”
Aerodyne had a two-passenger mock-up of the Vector on display at the 2019 Langkawi International Maritime and Aerospace Exhibition in Malaysia. At the time the company said it was working on a prototype, which it intended to fly in June 2019. However, there is no word on whether or not that milestone has been met.
On October 16, 2019, the company completed a $30 million Series B investment round but did not specify whether on not this money might be directed to the Vector program. Investors included InterVest/Kejora Ventures, VentureTECH, Gobi Partners and the Axiata Digital Innovation Fund.
Aerodyne Group raised $30 million in a Series B funding round. However, it is not clear whether this capital will be deployed to support the Vector program.
The first flight of the Vector prototype was suppose to happen by the end of June 2019. However, as of May 2020, the Aerodyne had not confirmed this event.
At the March 2019, LIMA exhibition in Langkawi, Malaysia, Aerodyne Group unveiled a mockup of its planned Vector eVTOL aircraft.
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Since unveiling a non-flying mockup of the Vector aircraft at the Langkawi International Maritime and Aerospace Exhibition in March 2019, there has been no update on plans to make a first flight with a prototype. Aerodyne also has not published a timeline for certifying the aircraft.
Vector is an all-electric eVTOL aircraft under development by Malaysia's Aerodyne Group. The aircraft has four electric motors, but the company has released no other details about the design and only a few technical specifications.
On October 16, 2019, the company completed a $30 million Series B investment round but did not specify whether on not this money might be directed to the Vector program. Investors included InterVest/Kejora Ventures, VentureTECH, Gobi Partners and the Axiata Digital Innovation Fund.