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 up to $180 million in funding, including a finalized $30 million agreement and a memorandum of understanding for an additional $150 million, from Saudi Arabian firm Kingdom Aero to support H1-X eVTOL aircraft manufacturing.
The company plans a dual-factory strategy with core production in the U.S. and a new site in Saudi Arabia, aiming to serve customers in the Middle East and North Africa.
Doroni's H1-X is a personal, intuitive eVTOL designed for individual recreational use, which the company intends to certify as a light-sport aircraft under the FAA's proposed MOSAIC rule.
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.
