Skyfly Technologies, the British developer of electric and hybrid-electric vertically capable aircraft, has closed a $10 million seed round led by specialist growth equity investor, HICO Investment Group, with participation from Archangel, Europe’s only dedicated next-generation defence technology fund.
The investment takes the Axe, Skyfly’s two-seat electric aircraft that takes off like a helicopter and flies like an aeroplane, from flying prototype to certified production aircraft in customers’ hands.
The timing is deliberate. In July 2026 the United States Federal Aviation Administration’s (FAA) MOSAIC reforms rewrote the Light Sport Aircraft rules, admitting electric propulsion, multi-motor designs and vertical take-off aircraft into a category built for private owners rather than airlines. The Axe was designed for that rulebook before it existed. [Read more…] about eVTOL company Skyfly lands $10 million to bring personal vertical flight to market