Odys Aviation this week reported that it has raised $12.4 million in seed funding to help it bring a nine-passenger hybrid-electric eVTOL aircraft to market in 2026. The California-based start-up, which has raised $13.7 million in total after graduating from the Y Combinator S 21 seed funding program, received support from Giant Ventures, Soma Capital, 11.2 Capital, Countdown Capital, Uber Elevate co-founder Nikhil Goel, and Cruise Automation founder Kyle Vogt.
The Odys engineering team expects to demonstrate a single-seat scaled technology demonstrator of the planned nine-passenger aircraft later this year. The aircraft will use what the company says is patented “flap-based lifting technology” that extends flaps up to an 85-degree angle from the wing to generate vectored thrust from 16 wing-mounted propellers for both vertical and cruise flight. The company says it has trialed this system with a three-foot wing and is building a larger demonstrator unit for the blown-wing concept.
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