AIR just raised $23M to ramp up production of its dual-use eVTOLs.
The Israel-based startup builds both piloted personal air taxis and uncrewed cargo craft on the same frame. Their piloted model, AIR ONE, has over 2,500 pre-orders, while 15 cargo eVTOLs are set to ship this year.
The Series A round was led by Entree Capital, with support from Mobileye’s early backer Dr. Shmuel Harlap. CEO Rani Plaut says the funds will boost their Israeli production hub and fuel a U.S. expansion push. 
AIR’s cargo eVTOLs currently fly under FAA Experimental Airworthiness Certificates (EACs). They’ll switch to full Type Certification once testing ends—a process that proves the aircraft meets all commercial safety standards.
“Our launch customer is flying under an Experimental Airworthiness Certificate, which will convert to
a ‘Type’ certificate once the uncrewed eVTOL completes the certification process,”
Plaut told TechCrunch.
Meanwhile, AIR ONE aims for Light Sport Aircraft certification under new FAA MOSAIC rules, likely making it the first piloted eVTOL to reach private customers when deliveries start in 2026.
The company’s edge: shared design DNA between piloted and uncrewed models, folding wings for easy parking, and streamlined manufacturing using automotive-grade processes. No airports or fancy infrastructure needed—just flat ground and a garage or driveway.
AIR faces stiff competition in the U.S. from Joby, Archer, and Beta Aviation, who already have military and airline ties. Manufacturing stateside will be key to winning contracts. AIR plans a U.S. production hub to close that gap.
“What sets AIR apart is the shared design DNA between both aircraft variants,”
Plaut added.“They don’t require airports or complex handling — just a flat surface — and can park in most garages or driveways.”
AIR’s eVTOL push is backed by shifting U.S. rules and funding for drone and flying car development, especially with the defense sector ramping up drone logistics. They’re ready to ride that wave with a fast, flexible platform for people and cargo.
