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MARKET UPDATE - 20/10/2021 - ⚡️ ELECTRIC ✈️ AVIATION
eVTOL / ADVANCED / URBAN AIR MOBILITY (UAM / AAM)
Californian venture capital fund UP.Partners (run by keen aviators and successful entrepreneurs Cyrus Sigari and Ben Marcus) announced the close of their inaugural $230m USD fund to invest in the future of mobility. The team have attracted big name investors including Toyota subsidiary Woven Capital, ETF investment luminary and ARK Invest founder & CEO Cathie Wood, Alaska Air Group, Standard Industries, real estate developers Hillwood and Norwegian ship managers OSM Maritime. The fund's focus areas include a range of emerging technologies such as drone delivery, eVTOL, SAF, hydrogen powered airliners, charging infrastructure and LIDAR sensors. Existing portfolio companies include Beta Technologies, Skydio and Zipline (via Automotive World, Flying Mag):
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