Urban-Air Port lands Supernal investment

Urban-Air Port (UAP) has secured investment from Supernal, formerly the Urban Air Mobility Division of Hyundai Motor Group, to support its global expansion plans.

The funding is aimed at realizing the companies’ shared vision of integrating advanced air mobility (AAM) into existing transit networks and creating a seamless passenger journey. It will support UAP’s plans to develop 200 vertiport sites worldwide over the next five years.

Urban-Air Port plans to provide essential infrastructure through its vertiports to enable mass adoption of eVTOL aircraft – cargo drones and air taxis – and Air-One, the world’s first fully operational hub for eVTOLs, will be opened to the public. opened at Coventry City Center in April.

The demonstration aims to show how AAM can unlock the potential of sustainable mobility and how the industry will work to reduce congestion and air pollution and decarbonise transportation.

This landmark investment marks the first time a major eVTOL company has invested in an AAM ground infrastructure developer. Urban Air-Port has also appointed Adam Slepian, global head of partnerships & business development at Supernal, to its board of directors. Matthew Sattler, head of infrastructure and ecosystem partnerships at Supernal, joins UAP’s board of advisors.

Urban-Air Port and Hyundai develop 65 UAM airports

Lack of land infrastructure remains one of the biggest barriers to the growth of the AAM industry projected to reach $12.7 billion by 2027.

Supernal said it is meeting public and private stakeholders to “responsibly shape the AAM industry,” and is developing its own eVTOL with plans to launch its first commercial flight in 2028.

“Despite the unparalleled potential of eVTOL aircraft to revolutionize mobility, the importance of the ground infrastructure that enables them is too often overlooked,” said Ricky Sandhu, founder and executive chairman of Urban-Air Port.

“With Supernal’s investment and expertise and connection to Hyundai Motor Group, we can accelerate the deployment of sustainable, intermodal and scalable ground infrastructure that will unleash the future of advanced air mobility worldwide.”

Abhishek Maheswari
We will be happy to hear your thoughts

Leave a reply

The Bihar Engineering