O
Overair
Designs, develops, and manufactures electric vertical takeoff and landing (eVTOL) aircraft for air taxi and aerial mobility operations
About Overair
Overair is a startup that operates in the emerging electric vertical take-off and landing (eVTOL) market. The company is focused on developing a tiltrotor eVTOL, named Butterfly, which is designed to provide safe, quiet, fast, and affordable on-demand transportation. The Butterfly is built to carry a pilot, five passengers, and their luggage, making it a viable option for both personal and business travel.
Read full description
Overair's business model is centered around the on-demand transportation market. The company aims to revolutionize the way people travel by offering a more efficient and environmentally friendly alternative to traditional modes of transportation. The Butterfly is powered by a fully electric powertrain, which means it produces zero emissions. This aligns with the growing trend towards sustainable and green transportation solutions.
The company's patented technology, developed over 15 years, has the potential to disrupt the traditional aviation industry. The Butterfly's unique features include 20+ ft propellers that are twice as large as any other eVTOLs, 200% excess power margins, and the ability to hover with only two of four propellers. These features, combined with the quad-redundant architecture on key systems, make the Butterfly a highly efficient and safe mode of transportation.
Overair's revenue model is likely to be based on a pay-per-ride basis, similar to other on-demand transportation services. However, the company has not yet disclosed specific details about its pricing strategy.
In summary, Overair is a promising startup that is poised to transform the on-demand transportation market with its innovative eVTOL technology.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Santa Ana, United States
- Employees
- 30
- Open positions
- None listed
- Dealroom signal
- 31.7/100
- Industry
- Transportation
- Sub-industry
- Mobility, Vehicle Production
- Sector
- Transportation, Sustainable Development Goals, Vertical Takeoff and Landing, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Jun 2022 | $145M | $580M | Hanwha Aerospace · Hanwha Systems | ↗ |
| SERIES AOther financing | Dec 2019 | $25M | $100M | Hanwha Systems | — |
Growth signals
Latest recorded traffic for Overair is 1.4K monthly website visits, down 12.5% over the last three months. Overair's team declined 9.1% over the past year.
Similar companies
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| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
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 ZuriHybrid VTOL aircraft for regional air mobility |
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 VoltaeroA unique aircraft with parallel electric-hybrid propulsion |
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 AutoFlightDeveloping electric autonomous aircraft |
Augsburg, Germany | Operational | |||
 Jaunt Air MobilityDeveloping the most advanced, versatile, and eco-friendly eVTOL, electric Vertical Take-off and Landing, aircraft |
Glassboro, United States | Operational | |||
 Autonomous FlightElectric vertical takeoff and landing (eVTOL) aircraft |
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 LYTE AviationHybrid-electric VTOL aircraft for mass passenger transit |
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Hanwha Systems
Hanwha Aerospace
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Overair on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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