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FutureFlight Weekly News Roundup
FutureFlight.aero's Weekly Advanced Air Mobility News Roundup
Suzuki president Toshihiro Suzuki (left) and SkyDrive CEO Tomohiro Fukuzawa with a scale-model of the SD-05 eVTOL aircraft.
Suzuki president Toshihiro Suzuki (left) and SkyDrive CEO Tomohiro Fukuzawa with a scale model of the SD-05 eVTOL aircraft. (Image: SkyDrive)

SkyDrive Raises Further Capital Through Series C Funding Round

Japanese eVTOL aircraft developer SkyDrive has secured additional capital through a Series C funding round involving a third-party allotment of new shares to its existing backer, Suzuki Motor Corporation. Announcing the agreement on January 10, the company did not disclose how much has been raised but said the amount will accelerate the development of its three-seat aircraft.

SkyDrive and Suzuki are jointly exhibiting at the Global Trade Show, which is part of the Gujarat Global Summit 2024 event that opened on January 9 and runs through January 13. At the booth of its partner, Maruti-Suzuki India Limited, the company is displaying the SD-05 one-fifth-scale model. The partners said they are exploring opportunities to develop eVTOL air services in the Indian market.