Assembly Line

✈️ PteroDynamics Raises $7.5 Million Seed Round to Expand Transwing Aircraft Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PteroDynamics

PteroDynamics, an aircraft design and manufacturing company that develops innovative vertical takeoff and landing (VTOL) aircraft, today announced the close of a $7.5 million Seed round. The round was co-led by existing investor Kairos Ventures and new investors Lavrock Ventures and CS Venture Opportunities Fund. The capital raised will support PteroDynamics’ plans to develop larger Transwing aircraft variants, attract world-class engineering talent, and execute on additional contracts. Further, the company is looking to adapt their aircraft for additional mission types and enter the commercial sector.

Read more at Business Wire