Guardian Agriculture, the first and only eVTOL with FAA approval to operate commercially, announces $20 million in Series A funding
Summary
Funding will enable Guardian to accelerate production and expand commercial operations to farms nationwideWOBURN, Mass., June 20, 2023 /PRNewswire/ -- Guardian Agriculture, the leading developer of electric Vertical Take-Off and Landing (eVTOL) systems for commercial-scale sustainable farming and the first and only eVTOL company with FAA approval to operate commercially nationwide today announced a Series A fundraise of $20 million. Led by Fall Line Capital, this round will support expansion of commercial operations across farms nationwide and accelerate the ramp-up of large-scale manufacturing of its SC1 aircraft. "Customers, investors, and regulators recognize that theres no better application of electric, fully-autonomous aircraft than in commercial farming," Guardian Agriculture Founder and CEO Adam Bercu said. "Any farmer buying new machinery today can tell you about reliability problems as complexity has far outpaced quality control," Fall Line Capital Managing Director Clay Mitchell said. "Founded in 2017, and with offices in Massachusetts and California, Guardian Agriculture has assembled a world-class team of engineering, autonomy, and manufacturing leaders that previously held executive-level positions at Apple, BAE, Sikorsky, Adobe, Tesla, and Uber.