FutureFlight
Jaunt To Merge with Airo and Go Public with Wall Street Listing
The eVTOL aircraft developer is to join the Airo Group's growing portfolio of advanced air mobility companies, leading to an initial public offering in 2022.
Jaunt Air Mobility's Journey aircraft.
Jaunt Air Mobility's five-seat eVTOL aircraft uses its patented slowed rotor compound technology, which slows the rotor tip speed to reduce drag and vibration. (Image: Jaunt)

Jaunt Air Mobility is to merge its eVTOL aircraft business with the Airo Group in a move that's expected to lead to an initial public offering (IPO) in 2022. U.S.-based Airo has been building a portfolio of advanced air mobility (AAM) companies in recent years, and this also includes several drone manufacturing and operations ventures, avionics, and robotics capability, and the NeoXcraft eVTOL vehicle being developed by British company VRCO.

The companies today announced a definitive agreement to merge with the intention of raising an unspecified amount of capital to support the development of the all-electric, five-seat eVTOL that Jaunt aims to bring into commercial service by 2026. The company is also working with VerdeGo Aero on a hybrid-electric version of the aircraft that would offer a range greater than the 80-mile limit of the initial model.