IPM Invests in AeroMobil

Funding Part of On-Going Investment Round to Support Asian Expansion

AeroMobil, the leading flying car designer, today announced that InfraPartners Management (IPM), a global fund management and advisory firm, agreed to a second investment round in AeroMobil under its IPM Growth Division.  The funds support the next stage in the development of the flying car and IPM is leading an investment roadshow in Asia to capitalise on growing investor interest in the region.  IPM, with its strategic partners and strong investor base in China and Korea, will help AeroMobil attract investors, who recognise the potential of multi-modal personal air transport at a time of significant expansion in aero-infrastructure across Asia. 

IPM is a global multi-strategy fund management and advisory firm headquartered in London and Bratislava with a regional presence in China, Korea, Guernsey and Turkey investing in the infrastructure, technology and commodities sectors. The combination of this expertise and its global presence make IPM an attractive investment partner for AeroMobil.  The financial support of IPM and its clients will enable the company to focus on finalising the production of the vehicle including its testing and certification, while its global reach enables it to identify suitable investors.

“We are delighted to have received not just this significant investment, but further validation from a prominent fund and advisory company,” said Juraj Vaculik, CEO and Co-Founder, AeroMobil.  “Now that we have launched the next generation of the AeroMobil flying car we are 100% focused on getting the vehicle ready for testing this year and delivery to our first customers by 2020. We are confident the engineering and technology approach we have taken will ensure this vehicle will meet growing demand for personal air transport.”

“Aeromobil is one of Slovakia’s greatest success stories and one of its most recognised brands shaping the future of mobility.  We are happy to support AeroMobil, as IPM Growth aims to become one of the leading go-to-scale-up investment platforms for investors interested in Central and Eastern Europe technology companies with global ambitions,” said Marian Bocek, Managing Partner, IPM.  “We have looked at the competing strategies under development and it is clear that AeroMobil is much further along in its plans. We will continue to support AeroMobil in the fastest growing markets, especially in Asia.”

Adrian Vycital, Managing partner, IPM added - “We were convinced the company’s leadership team is very focused on delivering a real solution to the problems of over-congestion and struggling infrastructure based on a sound grasp of the engineering and regulatory requirements for flying cars.”

At a time of mass urbanisation and growing congestion on transport networks around the world, AeroMobil believes there is a huge opportunity to address these challenges with next generation personal air transport.  For example, in Asia markets such as China are undertaking significant investment in airport infrastructure creating opportunities for transport innovation.  AeroMobil’s goal is to build a flying car that is ready for customers to use without requiring significant re-working of existing infrastructure and regulatory environments.  Having undertaken detailed analysis of the technical, safety and regulatory framework AeroMobil believes that at this time vertical take-off and landing (VTOL) vehicles will necessitate completely new rules in busy urban environments. In the future technology, infrastructure and regulatory changes may make this approach possible, but AeroMobil has built a model to enable customers to use local airfields and airports close to their destinations, before travelling “the last mile” by road.  Furthermore, while electric vehicles will no doubt have a place in the sector in the future AeroMobil has chosen a fuel-based engine, because it offers greater endurance when battery life is critical to safety. 

In July AeroMobil’s CEO Juraj Vaculik will speak at the Future of Transportation Summit in Beijing between July 26 and 27, 2017, where he will reveal further details about the project and its vision for future personal air travel.

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)
About AeroMobil

AeroMobil is a leader in mobility in three dimensions with a vision to liberate personal mobility from the ground and into the skies. AeroMobil develops the most flexible, capable and efficient range of personal aerial vehicles (PAVs) designed for door to door travel in intra and inter-urban environments, reducing congestion and emissions while increasing proximity and convenience for citizens, cities and society. 

AeroMobil is pioneering the development and commercialisation of flying cars, developing cutting edge technology to produce a range of vehicles for short take-off and landing (STOL) and vertical take-off and landing (VTOL). This includes electric propulsion systems, battery technology and control systems for piloted and autonomous flight for transportation on the ground and in the air to support short and longe range personal air travel with eVTOLs. 

AeroMobil adopts an iterative approach to the development of personal air transportation in line with technology readiness, legislation and market acceptance. We believe the future offers unbounded opportunity for air mobility at scale but requires a pragmatic and considered approach to ensure technology and solutions implemented are safe, reliable and effective through partnership and collaboration with regulators, governments and cities to realise the benefits of all. 

The first flying car from AeroMobil provides increased flexibility and versatility for the customer as it combines the best of automotive and aerospace technology into one vehicle while respecting the limits of current technology and the regulatory environment. It is the first step in our journey towards air Mobility-as-a-service (aMaaS) which will make personal transportation vastly more efficient and environmentally friendly by allowing significantly faster door-to-door travel over short and medium distances, and in areas with limited road or public transport infrastructure.

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