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AIR lands $23M to bring its eVTOLs to the US
Israel-based eVTOL startup AIR has raised $23 million to scale production of both its piloted and uncrewed cargo aircraft, and enter the U.S.
To build on that momentum, AIR recently raised $23 million in a Series A funding round led by Entree Capital, with participation from existing backer Dr. Shmuel Harlap, an early investor in Mobileye. The new capital will be used to scale its production facility in Israel, hire additional employees, and support the company’s expansion to the U.S., CEO and co-founder Rani Plaut told TechCrunch in an interview. The U.S. is a great market for eVTOL companies today, given the opportunity to land enterprise and government contracts, especially as the Trump administration adopts an increasingly hawkish defense stance.
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