U
Urban Aeronautics
Developing a family of revolutionary manned and unmanned (drone) VTOL aircraft with no external rotors (Fancraft™)
About Urban Aeronautics
Urban Aeronautics, an Israeli aerospace company established in 2000, is developing compact vertical take-off and landing (VTOL) aircraft designed for urban environments. The company was founded by Dr. Rafi Yoeli, a pilot and inventor with a background at Israel Aerospace Industries and Boeing. Yoeli's experience in military aviation and his realization that urban flight required aircraft without external wings or rotors led to the creation of the company's core Fancraft™ technology. This proprietary system utilizes internal, ducted fans for lift and propulsion, a concept supported by numerous patents. This design allows for a vehicle with a footprint comparable to a large SUV, enabling it to operate in confined spaces where traditional helicopters cannot.
The company's business is structured through two main subsidiaries: Tactical Robotics and Metro Skyways. Tactical Robotics focuses on the unmanned military and national security markets with its Cormorant aircraft (formerly known as AirMule). The Cormorant is an autonomous VTOL designed for missions like cargo transport, medical evacuation, and troop supply in hazardous or inaccessible areas, and has undergone extensive flight testing since 2009. Metro Skyways is developing the civilian version, the CityHawk, which targets the commercial air taxi, private transport, and emergency medical services (EMS) markets. A pre-order for four CityHawk aircraft in an air ambulance configuration has been placed by Hatzolah Air, a New York-based EMS operator.
The CityHawk is designed to seat a pilot and up to five passengers. A key feature of the company's strategy is the planned transition to hydrogen power. While initial versions may use conventional propulsion to achieve certification, anticipated around 2026, Urban Aeronautics is collaborating with partners like HyPoint to develop a hydrogen fuel cell-powered version, targeting certification by 2030. This approach aims for zero emissions, with water as the only byproduct, and minimal noise disruption, projected to be around 70 dBA. The aircraft is being designed to meet existing FAA/EASA certification standards for manned rotorcraft. In September 2021, the company announced it had secured an initial $10 million in a Series A funding round to advance the CityHawk's development.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2000
- Headquarters
- Yavne, Israel
- Employees
- 6
- Open positions
- None listed
- Dealroom signal
- 66.3/100
- Sector
- Aerospace, Defence, Intellectual Property, Homeland Security, Security, Military, Security Solutions, Airplanes, Aviation and Aerospace, Vertical Takeoff and Landing, Dual-Use Tech
- 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 |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Sep 2021 | $10M | $40M | Undisclosed | — |
| SERIES AEquity / VC | May 2019 | $5.3M | $21M | Bseed Investments · RiverPark Ventures · Nettuno Capital | — |
Growth signals
Latest recorded traffic for Urban Aeronautics is 1.1K monthly website visits, up 144.4% over the last three months. Urban Aeronautics's team grew 0% over the past year.
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Investments and acquisitions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Bseed Investments
RiverPark Ventures
Nettuno Capital
Other known investors1 additional known investor
Newchip
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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