+VIDEO Flying car company AeroMobil is looking for investment cash to further develop its 4.0 STOL flying vehicle.
The Slovakian company has appointed Rothschild & Co. to advise and lead its Series A fund raising activities. AeroMobilis the first flying car company to successfully submit an application to EASA for a Type Certificate of its upcoming AeroMobil 4.0 STOL flying vehicle.
The funding raised through Rothschild will be used for the next phase in the development and testing of the AeroMobil 4.0 (STOL) and evolve eVTOL technologies – the AeroMobil 5.0.
“AeroMobil is truly delighted to work with one the financial industry’s most respected advisors, given their proven track record in closing significant investment across the automotive and aviation sectors,” said Juraj Vaculik, co-founder and CEO of AeroMobil.
“As we advance closer to the testing and manufacturing phase of our vehicles, AeroMobil is looking for ‘smart money’, strategic investors who see the opportunity to invest and partner with a leading start-up such as AeroMobil so we can accelerate our efforts and together deliver on the promise of flying cars and urban air mobility.”
AeroMobil has made significant progress from its inception in 2010, culminating in the successful development of its first flying vehicle, the AeroMobil 4.0, unveiled in 2017..
Since then AeroMobil has actively progressed the development of both its STOL and VTOL capabilities and is actively building the next experimental prototype of the AeroMobil 4.0 which is due to start flight testing later in 2019.