Los Angeles-area developer of hybrid-electric vertical takeoff and landing (VTOL) aircraft Odys Aviation has launched a $12.4 million seed funding round to accelerate work on its innovative longer-haul advanced air mobility (AAM) aircraft and its anticipated type certification in 2026.
A Y Combinator S21 company with $13.7M in total funding, Odys Aviation is looking to nearly double the finances it’s been using to bring the plane to prototype demonstration stage – a goal it expects to achieve later this year. In contrast to firms seeking to launch services in the increasingly crowded air taxi sector, Odys Aviation is looking to produce VTOL craft that fly longer AAM hauls between cities – permitting operators to cover well over half of all US domestic routes.
The nine-passenger vehicle is intended to make regional travel simpler, faster, cheaper, and far less polluting than current aerial or ground options.
“Traveling shouldn’t be a…