Aircraft
Skyfly Secures $10 million To Commercialize eVTOL Aircraft
Hybrid-electric uncrewed defense variant also revealed
Skyfly Axe aircraft on runway
Skyfly made Europe’s first airfield-to-airfield eVTOL flight in 2025 using its Axe prototype, flying from the UK’s Turweston aerodrome to Bicester airfield.

British eVTOL aircraft developer Skyfly has closed a $10 million seed funding round which it says will enable it to bring its Axe model to market. As well as the two-seat civil version the company wants commercialize under FAA MOSAIC certification rules, the investment announced this week could also accelerate development of a hybrid-electric defense-specific variant.

On October 20, Skyfly announced the funding – led by Hico Investment Group – would enable it to move beyond its existing flying prototype through to certification and production. Skyfly is pursuing FAA Part 22 Modernization of Special Airworthiness Certification (MOSIAC) light sport aircraft rules, a category first unveiled in 2025 and which took effect in June of this year: expanding the capabilities and the types of aircraft that can be manufactured in the category.

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