AMSL Aero

The company's flagship product is the 'Vertiia', an eVTOL aircraft designed to take off and land vertically like a helicopter and fly efficiently like a plane. The design, inspired by Lawrence Hargrave's box kite, features a unique V-tail and eight propellers on tilting wings. Vertiia is being developed with two power sources: a battery-electric version with a range of 250 km and a hydrogen-electric version with a projected range of up to 1,000 km. This dual-propulsion strategy allows the aircraft to target a variety of missions. The aircraft is designed to carry a pilot and four passengers or a payload of 500 kg, cruising at a speed of 300 km/h. A key safety feature is its Distributed Electric Propulsion (DEP), which ensures the aircraft can land safely even if one or more of its eight motors fail.

AMSL Aero's business model targets multiple sectors, including aeromedical services, emergency response, cargo and logistics, and regional air mobility. The company has secured a partnership with aeromedical operator Careflight and has received its first civil order from Aviation Logistics for up to 20 Vertiia aircraft, with deliveries anticipated to begin in 2027. The company has also received contracts from the Australian Department of Defence. Significant milestones include receiving an experimental airworthiness certificate, completing the first tethered hover flights in February 2023, and achieving the first untethered 'free' flights in November 2024. The company has raised over A$50 million from private investors like IP Group Australia, St Baker Energy Innovation Fund, TelstraSuper, and Hostplus, as well as from government grants, including A$5.4 million from the Australian Renewable Energy Agency (ARENA) for its hydrogen-powered model.