British flying taxi startup Autonomous Flight is looking to raise $100m (£75m) in an upcoming Series C funding round, UKTN can exclusively reveal.
The funding round comes as the startup opens pre-orders for its flying taxis designed to transport passengers from Charing Cross to Heathrow in 12 minutes.
The upcoming Autonomous Flight funding round follows a $7m (£5m) Series A round in April this year and a $25m (£19m) Series B round that is nearing completion.
The Series C round will open in January 2022, along with pre-orders for its electric aircraft.
The news was confirmed to UKTN by Autonomous Flight founder and chairman Martin Warner. Speaking to UKTN via video call from New Jersey, US, Warner said he was “already in conversations” with prospective investors for the Series C round.
Warner, a serial entrepreneur, founded Autonomous Flight in 2017. It is one of a dozen or so companies aiming to make electric vertical take-off and landing (eVTOL) aircraft commercially…
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