Skyports raises $26 million for drone, AAM business expansion
Leading drone services and advanced air mobility (AAM) vertiport developer Skyports says it has received over $3 million in additional capital from Singapore-based ST Engineering, lifting the total of its now-closed Series B funding round to $26.13 million.
London-based Skyports initially opened the financing drive in March. The objective, said company officials, was to generate sufficient funding to fuel Skyports’ rapid ascension as a leading drone services provider, aerial consultancy, and builder of vertiports that will be used in AAM services like air taxis, which are expected to begin operation as early as 2024.
Participation by aviation group ST Engineering in the over-subscribed capital push was a welcome but not novel link-up between the two companies. Their relationship began in 2021, when Skyports and ST Engineering began operating joint drone reservoir monitoring and inspection services for Singapore’s Public Utilities Board, using