Finance, Taxes, Insurance
AAMG Backs Zuri’s Plans for Hybrid-electric VTOL Aircraft
European investment group invests in Czech start-up and promises orders
Zuri's hybrid-electric VTOL aircraft
Czech company Zuri now has additional capital from the Advanced Air Mobility Group to support efforts to build a new technology demonstrator for its planned hybrid-electric VTOL aircraft.

The European investors who recently lost out to Archer Aviation in efforts to acquire the assets of Lilium have turned their attention to another VTOL aircraft start-up. On November 11, the Ambitious Air Mobility Group (AAMG) announced that it has agreed to invest in Zuri’s plans to bring a multi-role hybrid-electric aircraft to market.

Amsterdam-based AAMG has not specified how much fresh capital it is providing for Czech company Zuri, which was formed in 2017. In October, it confirmed that it had been willing to spend €30 million (about $35 million) to acquire the assets and intellectual property for Lilium’s defunct eVTOL aircraft program before the German company’s bankruptcy administrator accepted a lower bid from Archer.

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