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SkyDrive selected for Innovation Grant worth up to USD83 million by Japanese Government

SkyDrive, a Japanese eVTOL aircraft manufacturer, has announced it has been chosen by the Ministry of Economy, Trade and Industry (METI) for the “Next-generation Air Mobility Field” of the Small and Medium Enterprise Innovation Promotion Project (SBIR Phase3).

SkyDrive reports it has been granted approximately USD83 million which will support the development of innovative technologies aimed at enhancing future social implementation, including reducing traffic congestion and lower emissions.

“The SBIR program is a Japanese government initiative to grant startup companies working on advanced technologies that address societal challenges” according to the press release. “The program supports research and development projects that have high potential for growth and positive impact on society.

“The SBIR program enables SkyDrive to accelerate its research and development efforts, focusing on improving the performance, safety, and efficiency of its eVTOL aircraft. It will also support the development of new technologies and systems necessary for the successful deployment of eVTOLs in Japan and beyond.”

For more information

(Image: SkyDrive)

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