Britain’s Skyfly raises €8.91 million to bring its two-seat Axe eVTOL to market and develop Longbow for defence
Skyfly Technologies closed an €8.91 million Seed funding round with participation from HICO Investment Group and Archangel, a defence-focused venture fund. Founded in 2019, the UK-based company develops manned and unmanned electric and hybrid-electric aircraft for civilian and defence markets. The flagship Axe is a fully electric, two-seat vertical take-off aircraft with over 100 miles range and 100 mph cruise speed, while the Longbow is its unmanned hybrid-electric variant for government customers. The funding will support bringing the Axe to market and advancing the Longbow programme.
Key points
- British eVTOL developer Skyfly closed €8.91 million Seed round led by HICO and Archangel
- Axe aircraft is fully electric, two-seat, with 100+ mile range and no runway requirement
- Longbow is hybrid-electric unmanned variant targeting defence and government markets
- Founded in 2019; CTO has 30+ years in light aircraft development
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