HomeUSAOdys Aviation Secures $12.4M in Seed Funding

Odys Aviation Secures $12.4M in Seed Funding

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Odys Aviation (formally Craft Aerospace), a Long Beach, CA-based aircraft startup making hybrid-electric vertical takeoff and landing (VTOL) aircraft for regional mobility, raised $12.4M in seed funding.

Backers included:

  • Giant Ventures,
  • Soma Capital,
  • 11.2 Capital,
  • Countdown Capital,
  • Uber Elevate co-founder Nikhil Goel,
  • Cruise Automation founder Kyle Vogt,
  • Y Combinator,
  • Brogan BamBrogan, and
  • Pedram Keyani.

The company intends to use the funds to expand its presence with a new development facility, accelerate prototype aircraft development, as well as grow the executive leadership and engineering teams.

Led by James Dorris, Co-founder & CEO, and Axel Radermacher, Co-founder & Head of Product, Odys Aviation is advancing a hybrid-electric VTOL aircraft which will carry nine passengers and will have a maximum speed of 345 mph (555 km/h), a range of 1,000 miles (1,609 km), and a cruise altitude of 30,000 ft (9,144 meters).

Odys Aviation is a Y Combinator (YC) S21 company with $13.7M in total funding.

FinSMEs

09/02/2022 

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