Airbility, a South Korea-based future air mobility solutions development company, has secured KRW 2.5 billion(USD 2.1 Million) in pre-Series A funding, bringing the total investment secured to KRW 3.7 billion(USD 3.1 Million).
The investment round included participation from new investor Samho Green Investment, with follow-on investments from Bass Ventures, Stonebridge Ventures, and Mashup Ventures, demonstrating strong confidence in Airbility’s advanced technology and market potential.
Airbility plans to use this investment to solidify its foundation for full-scale commercialization of its technology and global market entry. The company also intends to expand its business and enhance its capabilities by hiring additional personnel for the development of fixed-wing-based electric vertical take-off and landing (eVTOL) technology and distributed electric fanjet propulsion system technology.
Jinmo Lee, CEO of Airbility, stated, “This investment has provided a crucial foundation for the commercialization of our technology and entry into the global market. We will create new value in the global air mobility market through sustainable future mobility solutions.”
Meanwhile, Airbility has unveiled its future vision through the ‘Above and Boundless’ video, which highlights the company’s two core values: humanitarian mission and freedom of movement.
Airbility will participate in the Drone Show Korea to be held in Busan in February, where it will showcase its 3-meter unmanned aerial vehicle AB-0, among other R&D achievements.
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- airbility
- Bass Ventures
- funding
- Korea
- Korean startup
- mashup ventures
- Mobility
- pre-SeriesA
- Samho Green Investment
- Stonebridge Ventures
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