FutureFlight
Venture Capitalist Sees Biden and Buttigieg as Advanced Air Mobility Backers
Up.Partners has invested in the sector and feels that it is set to attract plenty more capital, especially with more support from the U.S. government.
Beta Technologies UPS
Venture capital group Up.Partners has made several investments in advanced air mobility start-ups, including Beta Technologies, which is developing the Alia 250 eVTOL aircraft. (Image: Beta Technologies)

Venture capital group Up.Partners still sees plenty to attract new investors to the advanced air mobility (AAM) market. Its enthusiasm is partially based on its hope that the Biden administration in the U.S. will cultivate this new mode of transportation as part of its wider $2 trillion infrastructure investment package.

While acknowledging that the details of what Transportation Secretary and Green New Deal advocate Pete Buttigieg will deliver for AAM remain unclear for now, Up.Partners cofounder and managing partner Ben Marcus told FutureFlight that engagement with the industry has been been “very promising” so far.