JavaScript Required

Jumpseat Aerospace News requires JavaScript to function. Please enable JavaScript in your browser settings to continue.

Skyfly Secures $10M for eVTOL Production

October 21, 2026

2 min read

Key Takeaways

Skyfly lands $10 million in seed funding.
Funding will certify Axe eVTOL under FAA MOSAIC rules.
Production to scale in UK and US, with deliveries planned for 2027.
Hybrid propulsion system development accelerated.

Silver membership required Upgrade to Silver to access Key Takeaways.

Upgrade

Strategic Implications

This investment may indicate growing confidence in eVTOL technology for personal vertical flight. The Axe's certification under MOSAIC rules suggests a significant step towards market readiness, which could accelerate the adoption of eVTOLs in the private aviation sector and may set a precedent for future electric aircraft development.

Silver membership required Upgrade to Silver to access Strategic Implications.

Upgrade

What Happened

British Developer Advances Personal Vertical Flight With New Funding

Skyfly Technologies, a British developer of electric and hybrid-electric vertically capable aircraft, has closed a $10 million seed round to bring its two-seat Axe eVTOL to market. The funding, led by HICO Investment Group and Archangel, will complete the aircraft’s certification under the FAA’s updated Light Sport Aircraft rules and scale production in the UK and US. With over 100 piloted prototype flights and experimental permits in both the UK and US, Skyfly aims to deliver the Axe to customers in 2027. This development was first reported by sUAS News.

Source | Originally Published: October 1, 2026

Companies Mentioned