Drone start-up Autonomous Flight secures £5m as part of £25m in Series A
Summary
Electrical vertical takeoff and landing (eVTOL) startup, Autonomous Flight, has successfully raised £5M ($7M) as part of a £25M Series A round of funding. Founded by serial tech entrepreneur Martin Warner, Autonomous Flight is building the Y6S Plus– a battery-powered flying aircraft to facilitate short-range transportation in urban areas. The Y6S Plus is one of the world’s only full size concept / prototypes and is part of Autonomous Flight’s drive to become a global leader in the rising Urban Air Mobility movement. Martin Warner said, “We are developing an almost noiseless, clean technology that will help solve the problem of urban congestion, exploiting virgin airspace between 300ft and 2,000ft above sea-level and revolutionising travel in the world’s busiest cities. The electronic and autonomous VTOL market will be worth $1.5 trillion by 2040, according to Morgan Stanley, and we are one of only a handful of companies in the world to have developed a full size viable concept / prototype that has led to category-defining innovation for the Y6S Plus.”
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