By Dean Murray via SWNS
A European company is celebrating securing a $10 million investment for this space-age flying car.
Tomasz Patan, co-founder and Jetson ONE inventor, took a flight in the $92,000 vehicle at their new headquarters to mark the news.
The research and development hub in Arezzo, Tuscany, features a 2,6oo-feet long airstrip for flight testing.
In an announcement Thursday (September 8), Jetson said they are set to close a $10m seed round, with +$8m secured and the remainder to be finalized within the month.
Jetson claims to be the only electric vertical take-off and landing (eVTOL) company on the market that can provide a commercially available personal electric aviation vehicle.
The Jetson ONE is powered by eight electric motors, has a flight time of 20 minutes, and can reach a top speed of 102kph (63mph).
It is constructed of racecar-inspired lightweight aluminum and carbon-kevlar.
Running on a high discharge lithium-ion battery, the vehicle can carry a pilot’s weight of 210 pounds (100kg).
The firm explains: "The demand for the Jetson ONE has been phenomenal, supporting the company's dream to ‘make everyone a pilot’."
Jetson has sold over 400 units, with thousands of purchase requests during the same period.
Jetson says they will continue to invest in R&D, recruitment and mass production and will be opening operations in the US in 2023.
Their first external investor, Swedish Silicon Valley entrepreneur Rikard Steiber, will drive the US expansion plans.
Peter Ternström, Jetson co-founder and President commented: “Our mission at Jetson is to democratize flight and make the skies available to everyone. We achieved fantastic results during our first investment round. We will now go full speed ahead with mass production, R&D and hiring top talent to bring our vision to reality.”
The lead investors in the $10M seed round have been named as global tech operators Luca Spada, Nik Robinson and Rikard Steiber. They all share a passion for flight and are pioneers in their respective fields.
Jetson will be inviting clients with an assigned chassis number to test fly the Jetson ONE in the Spring of 2023.
The first 200 chassis are due for delivery between October and December 2023. Jetson says they are currently on target for 2023 delivery and working on the next steps towards mass production.
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