Seeking to enable future methods of mobility both in the air and on the ground, UP.Partners has closed its venture capital fund after raising $230 million. Investors include Alaska Air Group, Toyota Motor subsidiary Woven Planet Group’s Woven Capital, Standard Industries, Hillwood, OSM Maritime, and others.
While UP.Partners is looking for additional investment opportunities, it has already helped to fund such businesses as eVTOL developer Beta Technologies, drone autonomy company Skydio, and UnitX, a manufacturing quality assurance provider.
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