Mayman Aerospace investment

Air Speeder Utility Vehicle

UAE’s Strategic Development Fund Invests $3M in Mayman Aerospace

by DRONELIFE Staff Writer Ian M. Crosby

Tawazun’s investment arm, Strategic Development Fund, is investing $3 million in Mayman Aerospace through its venture capital program.

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A JetPack Aviation Corp. brand, Mayman Aerospace is the US-based manufacturer of the Speeder Air Utility Vehicle (AUV). As part of its investment strategy in dual-use technologies applicable to defense and civilian sectors, SDF recognizes Speeder’s status as a unique new class of high-performance VTOL aircraft.

Speeder offers a groundbreaking mix of portability, speed, payload, and range performance owing to the vectored thrust of its gimbaled turbine engines. The aircraft’s high performance is enabled by the energy density of jet fuels like sustainable aviation fuel. The funding will be allocated to advance the Speeder flight test program and further the…