The combined forces of escalating geopolitical tensions and rising defense budgets are spurring many electric vertical takeoff and landing (eVTOL) makers to take a two-pronged approach to building their aircraft: crewed vehicles for personal or commercial taxi use, and uncrewed vehicles meant for logistics and defense purposes.
AIR, an Israel-based startup developing eVTOLs, thought it prudent to adopt a similar approach from the get-go, designing both its uncrewed and piloted aircraft with the same airframe and core systems so it could develop for both use cases at once.
The company currently offers a piloted eVTOL craft, dubbed AIR ONE, for personal use, and an uncrewed eVTOL designed for cargo transport, contested logistics, and defense applications. Since its first cargo eVTOL delivery in late 2023, the company has secured over 2,500 pre-orders for its piloted personal aircraft, AIR ONE, and plans to ship 15 cargo eVTOLs this year.
To build on that momentum, AIR recently raised $23 million in a Series A funding round led by Entree Capital, with participation from existing backer Dr. Shmuel Harlap, an early investor in Mobileye. The new capital will be used to scale its production facility in Israel, hire additional employees, and support the company’s expansion to the U.S., CEO and co-founder Rani Plaut told TechCrunch in an interview.
The Series A funding comes in the wake of a recent U.S. Executive Order promoting domestic drone and eVTOL development, as well as an update to the FAA’s MOSAIC rule that expands certification pathways.
The company’s cargo aircraft currently in operation do not require full Type Certification and are flown under Experimental Airworthiness Certificates (EAC) for logistics and dual-use missions, according to Plaut. EACs are issued to aircraft that are in development, testing, or for research purposes. They allow the aircraft to fly under strict conditions and limitations.
“Our launch customer is flying under an Experimental Airworthiness Certificate, which will convert to a “Type” certificate once the uncrewed eVTOL completes the certification process,” he said.
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Type certification means an aircraft meets all applicable safety and regulatory standards, and can be produced and operated commercially. EACs don’t “convert” automatically to Type certificates; AIR likely will use its EAC to test its prototype while working through the Type certification process.
Meanwhile, AIR expects the two-seated, piloted AIR ONE to qualify for Light Sport Aircraft (LSA) certification under the new MOSAIC rules. Aircraft certified as LSA are limited to flying outside densely populated areas and away from controlled airspace.
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