Skyfly Technologies Ltd

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Skyfly Technologies Ltd - overview

Established

2019

Location

Banbury, England, UK

Primary Industry

Aerospace

About

Based in Wardington, UK, and founded in 2019 by CEO Michael Thompson, Skyfly Technologies Ltd operates as an aviation manufacturing company that focuses on providing electric vehicles, particularly the Axe 2-seat model. In January 2025, Skyfly Technologies Ltd raised venture funding. Skyfly Technologies specializes in the manufacturing and provision of innovative personal vertical take-off and landing electric vehicles (EVs), notably the Axe 2-seat model. This advanced aircraft is designed to address the growing demand for sustainable, efficient, and user-friendly transportation solutions, particularly in urban environments.


Targeted at private pilots, training organizations, and aviation enthusiasts, the company caters to a diverse clientele that values transportation technology.   Skyfly Technologies generates revenue primarily through direct sales of its flagship Axe EV and related services. The company employs a B2C sales model, allowing individual customers to purchase their vehicles directly. Additional revenue streams may include pilot training programs and maintenance services for the aircraft, ensuring optimal performance and compliance with aviation standards.


  The company plans to use its proceeds from January 2025 funding to enhance its workforce and technology. Future initiatives include the development of new products.


Primary Industry

Aerospace

Sub Industries

Aerospace

Website

www.skyflytech.com

Verticals

Electric & Hybrid Vehicles, Manufacturing

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Skyfly Technologies Ltd - financials

Fiscal Year EndedOct 31, 2023
Revenue (USD)-
% Revenue Growth (YoY)-
EBITDA (USD)-
Operating Income (USD)-
Operating Margin-
% EBITDA Margin-
NET Income (USD)-
% Net Margin-

Skyfly Technologies Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedSkyfly Technologies Ltd-

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