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Electric Aircraft Developer Doroni Signs Agreements Worth Up to $180M

Agreements with Saudi Arabia’s Kingdom Aero and National Industrial Development Center aim to localize production of Doroni’s H1-X in the Middle East.

Doroni Aerospace H1-X eVTOL aircraft
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]
Gemini Sparkle

Key Takeaways:

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.

Jack Daleo

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.

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