Airvolve, UAB
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Airvolve, UAB - overview
Established
2024
Location
Kaunas, -, Lithuania
Primary Industry
Aerospace
About
Based in Kaunas, Lithuania, and founded in 2024 by co-founders Donatas Gendvilas (CEO) and Antanas Ivancius, Airvolve, UAB operates as a provider of heavy-lift autonomous aircraft intended for cargo delivery, search and rescue operations, and casualty evacuation for commercial and governmental entities. In September 2024, Airvolve, UAB raised EUR 0. 825 million in venture funding from Coinvest Capital, Baltic Sandbox Ventures, and individual investors. The company provides a wide range of aerospace solutions, including autonomous heavy-lift aircraft with horizontal-axis propulsion systems capable of transporting large payloads up to 60 km.
Moreover, these aircraft are built for freight delivery, emergency response missions, and medical evacuations. Additionally, the firm also provides services such as pre-orders for its aircraft and consultation for civil and military sectors. The company plans to use its proceeds from September 2024 funding to create a tactical transport aircraft with autonomous cargo delivery and casualty evacuation capabilities for use in both commercial and defense applications.
Current Investors
Coinvest Capital, Baltic Sandbox Ventures
Primary Industry
Aerospace
Sub Industries
Aerospace
Website
www.airvolve.aero/
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
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