Doroni is looking to localize manufacturing for the H1-X personal electric vertical takeoff and landing (eVTOL) aircraft—its “go-to-market” vehicle—in Saudi Arabia. [Courtesy: Doroni Aerospace]
Key Takeaways:
Doroni Aerospace has secured significant funding, with an initial $30 million agreement finalized and an additional MOU for up to $150 million from Saudi Arabian firm Kingdom Aero Industries, totaling up to $180 million.
This investment aims to establish manufacturing facilities for the H1-X personal eVTOL aircraft in both the U.S. and Saudi Arabia, targeting markets across the Middle East, North Africa, U.S., and Europe.
The H1-X is designed as an intuitive, personal electric aircraft for recreational use, differentiating itself from roadable "flying cars" and pursuing certification as a light-sport aircraft under the FAA's proposed MOSAIC rule, with approximately 500 preorders.
Updated March 14, 9:10 a.m. EST: Doroni’s initial agreement with Kingdom Aero, worth up to $30 million, has been signed and is no longer an MOU.
The developer of an aircraft that it describes as “so intuitive that a 4-year-old could fly it” is close to securing a major investment that could jumpstart production.
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Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.
