When we started Aerovy, our mission was clear: to pioneer the future of clean advanced aviation by focusing on critical energy infrastructure. We've always believed in the disruptive potential of electrified aviation, envisioning a world where communities are seamlessly connected by efficient and sustainable air mobility.
Our journey began through research at Purdue University in collaboration with NASA Langley Research Center. During this research, it became evident that energy would stand as one of the biggest barriers to the scalability of Advanced Air Mobility. In response, we developed new technologies to overcome these potential operational constraints, ultimately winning the grand prize at the 2022 FAA Challenge. With support from our partners at the Purdue Office of Technology and Commercialization, we spun out Aerovy to commercialize the technologies developed during the research.
Today, we are thrilled to announce the successful closure of our pre-seed round, securing $800k in investments. This round was led by M25, with Purdue Innovates, the John Martinson Entrepreneurship Fund, and FlyWheel Fund. We are honored by the major vote of confidence in our vision of the future of mobility and excited for this next phase of Aerovy.
In the coming year, we are set to roll out our software products to partners and customers across the globe. Our deployments are planned at strategic locations, including Perth in Western Australia and Hokkaido, Japan, with additional sites to be announced in APAC, Europe, North America, and the Middle East.
As we move forward, we extend our heartfelt gratitude to the visionary customers who entrust us to play a pivotal role in the mobility revolution. We also acknowledge the invaluable contributions of our software partners, who are instrumental in driving innovation and shaping the future of aviation.
As we look ahead, we're grateful to our forward-thinking customers and software partners for their support in shaping aviation's future!
Aerovy Media Relations