Bombardier is targeting $9 billion in revenues by 2025 and 150 aircraft delivered annually as it continues to pay down debt and meet its financial goals.
The European start-up has unveiled plans for a 40-passenger, tandem tilt-wing design that could also be offered as a freight-carrying variant called the SkyTruck.
The funding is the defense group's latest foray into advanced air mobility following its backing for start-ups including Electra, Elroy Air, H3X, and Hidden Level.