Aerovel Raises $2.5 Million to Continue Development of its Flexrotor UAS

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Aerovel, manufacturer of Flexrotor, the most advanced Group 2 vertical take-off and landing (VTOL) unmanned aircraft, today announced that it has raised $2.5 million in Series B capital. The investment is from undisclosed leaders in aviation.

Aerovel is using the funds to accelerate growth, increase production capacity and hire additional engineers.

(Source: https://www.suasnews.com/2021/03/aerovel-raises-2-5-million-to-continue-development-of-its-flexrotor-uas/)

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