AMSL Aero raises $23 million in Series B

Electric vertical take-off and landing aircraft manufacturer AMSL Aero has announced closure of a $23 million Series B round as it progresses commercialisation of its Vertiia vehicle.

The Australian Financial Review reported on Tuesday that the round involved the St Baker Energy Innovation Fund, IP Group Australia (which invested $3 million in AMSL’s Series A), TelstraSuper and Hostplus.

AMSL was founded in 2017 by husband-and-wife team Andrew Moore and Siobhan Lyndon, a senior aeronautical engineer at various defence and aerospace companies and a former Google executive, respectively. 

The Vertiia is heading to flight tests this year, according to the article, and has a range of 250 kilometres with battery power. This would increase using hydrogen power, according to the company.

“We are honored to have your support to produce the Vertiia air ambulance and air taxi,” AMSL said this morning in an announcement on Linkedin.

“Vertiia’s unique design provides the highest levels of safety, the longest range (1000km using hydrogen) and importantly, it will be affordable.”

A year ago the company was awarded a $3 million CRC Program grant, leading a consortium involving University of Sydney and private companies to develop its power train.”

Picture: evtol.news/vertiia

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