AIR lands $23M to bring its eVTOLs to the US

AIR, an eVTOL (electric vertical takeoff and landing) manufacturer, recently raised $23 million in a Series A funding round led by Entree Capital to support scaling production in Israel, hiring staff, and expanding into the U.S. market. The company offers two main aircraft: the piloted AIR ONE for personal or commercial taxi use, and an uncrewed cargo eVTOL designed for logistics and defense applications. Since delivering its first cargo eVTOL in late 2023, AIR has secured over 2,500 pre-orders for AIR ONE and plans to ship 15 cargo eVTOLs this year. The funding round aligns with recent U.S. regulatory developments, including an Executive Order promoting domestic drone and eVTOL development and updates to the FAA’s MOSAIC rule, which expands certification pathways for light sport aircraft (LSA). AIR’s cargo eVTOLs currently operate under Experimental Airworthiness Certificates (EAC), allowing limited flights during development and testing,