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Skyports raises USD110 million plus in new investment led by ACS

Skyports today announced that infrastructure company ACS Group “has made a substantial equity investment in Skyports, to become the largest investor in the company”.

“ACS Group, which in 2023 generated revenue of USD39 billion, has invested via its wholly owned infrastructure development/concessions business Iridium Concesiones de Infraestructuras S.A., focused on sustainable and innovative transportation solutions” according to the press release.

“The capital will support key developments on both sides of Skyports’ business. Skyports Infrastructure, which earlier this year announced the signing of a tripartite agreement with the Roads and Transport Authority of Dubai (RTA) and Joby Aviation, will use the funding to build out its vertiports ahead of the launch of air taxi services in Dubai by 2026 and continue to progress other markets. Skyports Drone Services will continue to build on its existing services, including recently launched offshore energy asset deliveries, medical deliveries, linear asset inspections and water quality monitoring services.

“ACS INFRA, known for its innovative large-scale transport projects and focus on sustainable, inter-modal developments, aligns with Skyports’ vision for the future of passenger and cargo transport. Notable projects in ACS INFRA’s portfolio include the Automated People Mover train at Los Angeles International Airport and an extension to the metropolitan railway in Lima, Peru. The two companies will also explore how drone delivery and inspection services can be incorporated into ACS Group’s substantial portfolio of infrastructure assets and construction and mining projects.

“In addition to the new capital invested by ACS, existing shareholder, Paris-based airport operator, Groupe ADP will invest additional capital in Skyports’ Series C funding round. Groupe ADP and Skyports first partnered during Skyports’ Series A funding round in 2019. Since then, the two companies have collaborated on notable infrastructure projects with the aim of advancing the development of vertiport technology and operations, including the first European vertiport testbed in Paris, which was inaugurated in November 2022.

“The investment will see IRIDIUM CEO, Nuria Haltiwanger, join the Skyports Board of Directors as Chairperson. Ramon Villaamil and Vicente Maraña will also join the Board.”

For more information


(Image: Skyports)

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