23 Hrs
Source:
الاقتصادية
Fly Now raises funds for Saudi factory
Fly Now Company is developing autonomous, electric helicopters designed to fly along predefined routes for services such as medical evacuation, cargo transportation, firefighting, and air taxi services. Currently based in Saudi Arabia, it is investing in systems engineering, digital infrastructure, and air traffic management, with plans to establish a factory to manufacture and develop the aircraft locally. Electric helicopters, like the eCopter, can carry up to two passengers or 200 kilograms, covering distances of up to 50 kilometers at speeds of 130 km/h. They operate efficiently and emission-free, supporting emergency missions and transportation in remote areas. The company has secured additional funding from well-known investors and is planning for an upcoming financing round. It is also moving its headquarters to Riyadh and acquiring a Austrian company to strengthen its global operations.
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