What is Overair?
Overair is poised to become a global leader in the advanced air mobility sector. Headquartered in Santa Ana, California, the company is leveraging decades of military aircraft innovation to develop and manufacture all-electric vertical takeoff and landing (eVTOL) aircraft. With a clear path toward FAA certification by 2025, Overair's flagship aircraft, Butterfly, is designed for robustness, efficiency, and quiet operation, aiming to revolutionize personal and commercial transportation by making the world more accessible and sustainable.
How much funding has Overair raised?
Overair has raised a total of $290M across 2 funding rounds:
Other Financing Round
$145M
Other Financing Round
$145M
Other Financing Round (2022): $145M with participation from SK Telecom, KOREA AIRPORTS, Hanwha Systems, and Hanwha Aerospace
Other Financing Round (2022): $145M led by SK Telecom, Hanwha Aerospace, KOREA AIRPORTS, and Hanwha Systems
Key Investors in Overair
SK Telecom
SK Telecom is a leading South Korean telecommunications company focused on cutting-edge information and communication technologies, including 5G networks and AI solutions, with a global presence.
KOREA AIRPORTS
KAC 한국공항공사 manages 14 domestic airports in South Korea, focusing on enhancing customer experience and ensuring safe, efficient airport operations.
Hanwha Systems
Hanwha Systems Co Ltd operates in the Test & Measurement Equipment industry, providing technological solutions and services.
What's next for Overair?
The recent major strategic investment indicates Overair is entering a critical scaling phase, likely focusing on accelerating production, expanding its operational footprint, and finalizing regulatory approvals for its eVTOL aircraft. This capital infusion will be instrumental in bringing the Butterfly aircraft to market and establishing Overair as a key player in the burgeoning advanced air mobility industry, potentially transforming urban and regional transit.
See full Overair company page
