- 30 Apr 2022 12:52 AM
Odys Aviation Closes Seed Round
Odys Aviation, a California-based developer of hybrid-electric deflected thrust VTOL aircraft, announced on Feb. 10 that it had raised $12.4M in a seed funding round. Founded in 2019, Odys (formerly Craft Aerospace), has raised a total of $13.7M. The funding will support a new state-of-the-art facility, as well as an expansion of its executive leadership and engineering teams. Odys is developing a nine-passenger, 16-propeller eVTOL that it expects will have a maximum speed of 345 mph (555 km/h) and range of 1,000 miles (1,609 km). The company counts Y Combinator, Brogan BamBrogan and Pedram Keyani among its current investors.
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