Vista Global Holding, a leading global private aviation group, and two investors have invested in Dufour’s series B financing round to support its expansion. During the past months, the startup has been winning customers for its unmanned Aero2 and flagship manned Aero3 aircraft, which foster sustainable aviation.
Besides the investment from Vista, Dufour Aerospace will also benefit from the company’s deep industry experience and technology to grow the considerable potential of Dufour’s innovative tilt-wing technologies and aerospace products. The latter’s technology will be applied in Dufour’s unmanned Aero2 aircraft built for high-load and long-distance operations, and its flagship manned Aero3 aircraft, which is currently under development and will carry passengers and healthcare patients.
The two products use a tilt-wing principle: they take off and land vertically in the smallest space like a helicopter but fly as fast and economically as an aeroplane. While the propellers are electrically driven, hybrid elements such as conventional turbines or fuel cells ensure a sufficiently long-range (hybrid propulsion).
Thomas Pfammatter, CEO of Dufour said: “We are delighted to have this financing round led by Vista, an esteemed global leader in private aviation. Their investment is an important milestone in our journey. They recognise the importance of developing successful products and solutions to support the future of hybrid-electric tilt-wing aircraft.”
Thomas Flohr, Founder and Chairman of Vista, said: “We are looking forward to supporting the team at Dufour in advancing their sustainable aviation solutions with huge potential to supplement Vista’s global service network in the future. It is an exciting time for Dufour, and this investment is in line with our strategy of supporting environmental air mobility solutions, further reiterating our commitment to ensuring a greener future for our industry.”
Based in Dubai, Vista integrates a unique portfolio of companies offering asset-light services to cover all key aspects of business aviation: guaranteed and on-demand global flight coverage; subscription and Membership solutions; and cutting-edge mobility technology. Vista’s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients, through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights. The company has 4,000+ aviation and technology experts from 60+ nationalities.
Two further undisclosed investors also participated in the series B financing round.
(Press release/RAN)
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