New Investor Partners with AeroMobil

https://press.aeromobil.com/new-investor-partners-with-aeromobil#

Wednesday, April 5, 2017 — At the forefront of the global development of innovative flying cars, AeroMobil has recently concluded negotiations on a financial investment from private investor Patrick Hessel, founder and CEO of c2i, a manufacturer of composite parts of the aerospace and automotive industries. This development is part of AeroMobil's ongoing initiative to strengthen the capital of the company and further prepare the unique flying vehicle for sales and production. 

AeroMobil's newest investor, Patrick Hessel last week sold 50.1% of c2i to LG Hausys, the company providing automotive light-weight components within LG Group. c2i is one of the key technology partners and component suppliers for AeroMobil. Both companies have been working together for several years.

"The development of this vehicle has enough significance to be considered as one of the today's most innovative and ambitious projects in automotive and aerospace businesses. However, its transition to the industrial phase depends on additional investments. It is a welcome platform for the inclusion of investors, who understand this breakthrough innovation our unique business model and strategy. Until today, AeroMobil has financed the development of the genuine mathematical and geometric data of the new flying car model, but the new investment will enable the company to develop and showcase a physical model. It will be very close to the final product that will be used in series production. As a result of this extensive engineering and analysis effort, we have a very clear picture as to how our product will function and are very confident that the vehicle we are showing is deliverable without any more significant changes." – said co-founder and CEO Juraj Vaculík.

"I am impressed by the advanced degree of engineering design and simulation at AeroMobil. For the past two years, AeroMobil 3.0 has demonstrated that it already had the capability to fly and drive.  My investment enables the company to move into production on the latest model and prototypes. The team, which has come together at AeroMobil, is absolutely unique and has enormous potential to achieve global change in passenger transport. "- said Patrick Hessel.

An international team of more than sixty experts from the automotive and aerospace sectors representing over eight countries across the world will in a few days present the results of their work - a new model of the AeroMobil show car. This vehicle is designed to comply with all existing regulations for road and air transport and will represent a significant milestone in the worldwide development of a unique vehicle intended for road and air travel.

About AeroMobil

AeroMobil is an advanced engineering company that is commercializing a sophisticated flying car, combining a luxury sports car and a light aircraft in a single vehicle. AeroMobil aims to make personal transportation vastly more efficient and environmentally friendly by helping to overcome traffic jams in large areas and by allowing significantly faster door-to-door travel for medium distances or in areas with limited road infrastructure.