Advanced Air Mobility News

Skyportz Welcomes Australian Government Funding on AAM

Skyportz Welcomes Australian Government Funding on AAM

Skyportz welcomed the Australian government’s decision to fund advanced air mobility (AAM), days before the closing of Skyportz’s second seed fundraise to develop prototype vertiports.

The Australian government awarded US$11.6 million to 12 eVTOL, drone and technology companies under the first round of its Emerging Aviation Technology Partnerships (EATP) program.

In the second seed fundraise to be closed on November 10, Skyportz has seen over 180 new investors, which will bring the total to over 600 investors.

“We are really pleased about this announcement as it is putting resources into drones and air taxi developments that will one day need our network of vertiports to fulfill their potential”, said Clem Newton-Brown, CEO, Skyportz.

Skyportz, the only vertiport infrastructure company in Australia, has been encouraging the development of AAM policy at all levels of government, particularly in the space of essential vertiport infrastructure. The company has identified 400 sites as potential vertiport locations once AAM launches in the country.

“The key to this industry is breaking the nexus between aviation and existing airports. We need to develop a network of new vertiport sites if the industry is to reach its potential and Skyportz is readying the landscape to partner with infrastructure investors”, said Newton-Brown.