AeroMobil Announces Investment from Leading Venture Capitalist Martin S. Hauge

Flying car company building momentum and market credibility as interest from investors grows

Wednesday, June 7, 2017 — AeroMobil, the leading flying car designer, has today announced the further private investment from Martin S. Hauge, a well-known European venture capitalist. Hauge’s investment for an undisclosed sum comes as AeroMobil sees growing interest from investors and prospects following the recent launch of the next generation AeroMobil flying car.  In April, the company confirmed investment from Patrick Hessel, founder and CEO of c2i, a manufacturer of composite parts of the aerospace and automotive industries (now part of LG Group).

Martin S. Hauge has a long track record both as a successful entrepreneur and venture capitalist as former General Partner in Creandum for 11 years, investing in several respected start-ups including iZettle and Spotify.  Martin is currently Non-Executive Chairman at London based Frog Capital Ltd and No Isolation AS and still serves on the Board of Creandum GP.  Previously he has worked with start-ups in the automotive sector building and selling Autobutler to the PSA Group, the carmaker behind the brands Peugeot, Citroën and DS.  Martin was until recently the Chairman of Automile, a leading platform for fleet management, having raised $ 12,85 MUSD from investors including Jason M. Lemkin, Niklas Zennström and Salesforce.

“I have been following the AeroMobil story for some time and having seen the launch of AeroMobil it is now the right time to invest in the company’s vision and strategy,” said Martin S Hauge.  “I have worked with numerous inspiring entrepreneurs over the years and meeting the AeroMobil team it is clear they have the passion, expertise and commitment needed to disrupt the personal transportation sector. I look forward to help and support the team going forward.”

The AeroMobil is the established leader in its field having already revealed the production-ready design for its vehicle. While others in the sector are in the early planning and design stages AeroMobil is now taking pre-orders for a limited edition of the AeroMobil flying car and expects customers to take delivery of the vehicle by 2020.

“We are delighted to welcome Martin S. Hauge as a new investor in the AeroMobil, it shows seasoned, knowledgeable investors see the true potential of our proposition,” said Juraj Vaculik, CEO, AeroMobil.  “We have now reached the point where the overall engineering and technology design is complete and we are focused in earnest on moving forward with our go-to-market plan. It is a truly exciting time in this sector with so many companies recognising the long-time opportunity.  However, we are very confident we have an unique competitive advantage.  We have spent significant time building out a strong leadership team, expertise in the technology and understanding the market opportunity, which we are now able to capitalise on.”

The AeroMobil flying car will be demonstrated at prestigious 52nd International Paris Air Show 2017, one of the largest air shows in the world, between 19th and 25th June.  AeroMobil has been invited to exhibit by Starbust.Aero at the Paris Air Lab, a new exhibition space dedicated to innovation, aeronautics, aerospace and digital technology.

Key Facts about the AeroMobil Flying Car

  • Full transformation into flight mode in less than 3 minutes.
  • Automotive Range -700km (estimated using NEDC cycle)
  • Aerospace Max Cruise Range ~750 km @ 75 % (1 200 m, ISA)
  • Fuel Capacity 90 ltr (95 RON Gasoline)
  • Direct Drive variable pitch propeller (speed 2 400 rpm)
  • Automotive – Top speed 160 kph
  • Aerospace – Vs / Vc / VD – 112 / 259 / 360 km/h
  • MTOW Take Off Distance ground roll / 50 ft – 397 / 595 m
  • Max Take Off Weight – 960 kg (useable load 240 kg)