Australian electric aviation company FlyOnE Limited reports it has engaged Texas-based investment firm Post Oak Group to lead its current investment round, supporting the next phase of the company’s expansion across Australia and international markets.
“The capital raise will support FlyOnE’s continued development as an integrated operating platform for the emerging low-altitude aviation economy, with investment directed across three key areas: air taxi network expansion, electric aviation infrastructure rollout, and the production, supply and delivery of next-generation electric aircraft,” said the company in a press release.
FlyOnE reports it has spent the past several years moving electric and next-generation aviation from demonstration into commercial operations. The company operates certified passenger air services, flight training and aerial work operations while developing the infrastructure, aircraft supply chain and continued-airworthiness capabilities required to support a new generation of aircraft.
“Importantly, the expansion is being built on an air taxi model that has already demonstrated strong commercial economics,” said the company. “Across established operations, FlyOnE has achieved gross returns of approximately 120% above direct operating costs on air taxi services, providing a commercially validated foundation from which to scale the network into new markets. The engagement of Post Oak Group represents the next stage in FlyOnE’s capital strategy as the company moves from proving the model to accelerating its deployment.”
To date, FlyOnE reports it has completed over 1300 hours of commercialised passenger electric flight across 3 capital cities in Australia, with over 45000 total air taxi passenger movements on its growing Lilypad Elevate Air Taxi network.
For more information
https://www.einpresswire.com/article/937474898/texas-investment-firm-post-oak-group-to-lead-flyone-investment-round
(Image: FlyOneE)