Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.
Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.
In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market