Urban Aeronautics has raised $10 million to advance development of its CityHawk VTOL aircraft, the company announced this week.
According to a press release, the funding was contributed by unidentified private investors from the U.S., Brazil, and Israel, where Urban Aeronautics is based. The company said it hopes to secure at least $100 million in its Series A funding round.
Urban Aeronautics began developing its wingless “Fancraft” technology in 2006 and flew its first prototype in 2015. Since then, the company said, it has logged more than 300 test flights with its 2,400-pound (1,090-kilogram) technology demonstrator, including its latest round of test flights in July.
The demonstrator incorporates a gas turboshaft engine from Safran Helicopter Engines, and Urban Aeronautics expects to initially certify its aircraft in 2026 using conventional propulsion technology. However, the company said it is committed to using hydrogen power for its future product line, and last year announced an agreement with HyPoint to develop a version of the CityHawk powered by hydrogen fuel cells. Certification of the hydrogen variant is anticipated in 2030.
The latest evolution of the CityHawk design seats four passengers plus a pilot. It has a target range of 93 miles (150 kilometers) and cruise speed of 130 knots (240 km/h). Maximum take-off weight is estimated at 4,250 lb. (1,930 kg) with a compact footprint of just 2.5 by 7.7 meters (around 8 by 22 feet). Noise is projected to be 70 dBA at 700 feet.
Urban Aeronautics has pre-orders for four CityHawks in air ambulance configuration from air medical operator Hatzolah Air, and has partnered with Singapore-based Ascent to commercialize the aircraft for urban air mobility. Urban Aeronautics said it is also working with Skyports on infrastructure design considerations for the CityHawk’s vertiports.
Meanwhile, the company has partnered with Universal Avionics for pilot displays; with Cert Center Canada to develop the aircraft’s Part 27 certification plan; and with Boeing to address potential applications for the U.S. Department of Defense.
“The Urban Aeronautics team has formidable experience in aerospace engineering, aviation development, and bringing emerging technology products to market,” stated Nimrod Golan-Yanay, who has led the company as CEO since October of last year.
“While we know that the vigorous testing and regulatory compliance that comes with any new aviation technology is still in development across the globe, we are extremely excited and bolstered by the milestones we’ve achieved in recent months that show how ideally suited CityHawk is for practical applications right within the city itself.”