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Asia-Pacific AAM Report 1H 2023

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OEM OVERVIEW<br />

MILESTONES<br />

Jul<br />

Founded<br />

Apr<br />

Vertiia: Debuted the<br />

full-scale prototype<br />

Estimated<br />

Vertiia: Entry into service<br />

2017 2018 2019 2020 ... <strong>2023</strong> ... 2026<br />

Vertiia: Conducted subscale prototype test flights<br />

Apr<br />

Vertiia: Conducted full-scale tethered test flight<br />

Feb<br />

CERTIFICATION PROGRESS<br />

DATE AGENCY STAGE<br />

Estimated: 2026 Australian Civil Aviation Safety Authority Target to obtain the type certification<br />

FUNDING<br />

DATE ROUND AMOUNT (USD) INVESTORS<br />

Feb, 2018 - Present Seed through to Series B $35,000,000<br />

Investors include IP Group, St Baker Energy Innovation Fund,<br />

Telstra Super and Host Plus, in addition to support from<br />

Australian Government<br />

ORDERS<br />

Order information undisclosed<br />

GLOBAL PARTNERSHIPS<br />

Oct 12, 2018<br />

Nov 25, 2020<br />

Feb 28, <strong>2023</strong><br />

Mar 1, <strong>2023</strong><br />

Announced a Memorandum of Understanding with Qantas to explore commercial prospects for regional passenger<br />

connections following participation in the Qantas Avro program.<br />

Announced partnership with and CareFlight to develop Vertiia for patient transfers as a light air ambulance<br />

Announced the signature of a Memorandum of Understanding with Babcock Australasia<br />

Announced continued partnership with CareFlight at the Avalon Air Show and exhibited aeromedical cabin<br />

Information was provided by AMSL Aero and modified by Global Sky Media with an information cut off date of March 31, <strong>2023</strong>.<br />

<strong>1H</strong> <strong>2023</strong> ASIA-PACIFIC <strong>AAM</strong> REPORT | 13

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