Vertiports Owner Skyports Raises $110 Million In Series C Funding

Since its founding in 2018, Skyports has been the leading infrastructure provider for the Advanced Air Mobility Industry. The company operates vertiport infrastructure and is known for electric vertical takeoff and landing aircraft (eVTOL).

From the ACS group and other investors, Vertiports Owner Skyports Raises $110 Million. Their journey to becoming the leader in the urban air mobility genre is a must-watch.

Funding Fuels Future

Dubai Vertiport Network: A chunk of funds will be used to build Skyport’s first four vertiports in Dubai, which is perfect since Dubai has been trying to get air taxis in 2026. Just like Skyports, German Cozero also raised decent capital in Series A funding.

Vertiports Owner Skyports Raises $110 Million. Image Credit: Social Media.

Global Expansion: Skyports also plans to develop and expand these in other countries; however, this might be an issue in the future since many cities are not compatible with this tech.

It might work in Dubai, but expanding it globally will bring challenges; Skyports must overcome many challenges.

ALSO READ:UAE AI Firm G42 Receives Microsoft Fund Of $1.5 Billion

Vertiports Owner Skyports Raises $110 Million: ACS Takes the Lead

The investment by ACS group has made them one of the biggest shareholders and has given them important positions in Skyports.

Skyports will profit from having them as their investors since they have a lot of experience in infrastructure development worldwide.

Vertiports Owner Skyports Raises $110 Million. Image Credit: Social Media.

This strategic collaboration will benefit both companies, and we will soon get to see new techs from Skyports.

Similarly, you should read about French Startup Mistral AI Seeking Funds At $5 Billion Valuation.

A Promise of Early Takeoff

Skyports CEO Duncan Walker said the main funding was due to a contract with Dubai, and the project will develop rapidly from this point onward.

Ducan stated, “We don’t think we could have secured this quantum of capital without that contract with Dubai’s Roads and Transport Authority.”

Vertiports Owner Skyports Raises $110 Million. Image Credit: Social Media.

Dubai’s dream of bringing urban air mobility will hopefully become a reality with Skyport.

With a ton of investment, Skyports is in a very good position to develop and shape the future of urban air mobility.

As eVTOL technology matures, Skyports’ network of vertiports could become the essential landing pads for a new era of urban transportation.