air speeder utility vehicle
UAE Strategic Development Fund invests $3 million in Mayman Aerospace
DRONELIFE Staff Writer Ian M. Crosby
It’s been a whileinvestment arm of Strategic Development Fundhas invested $3 million in Maiman Aerospace Through venture capital programs.
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a Jetpack Aviation Corporation Mayman Aerospace is a US-based manufacturer of Speeder Air Utility Vehicles (AUVs). SDF recognizes his Speeder’s status as a unique new class of high-performance VTOL aircraft as part of its strategy to invest in dual-use technology applicable to the defense and civilian sectors.
The Speeder offers a breakthrough combination of portability, speed, payload and range performance thanks to the vectored thrust of its gimbal turbine engine. The high performance of aircraft is made possible by the energy density of jet fuel, like sustainable aviation fuel. Funds will be allocated to advance the Speeder flight test program and advance the vehicle certification process.
“Meiman Aerospace recognizes that it has demonstrated unique capabilities in this highly complex engineering effort. ,” said Mohamed Moussaba Al Masroui, Director of Investments and Portfolio Management. “Speeder’s optimization of the existing propulsion control system, which can be adapted to future technologies, combined with its flexible operational capabilities, has influenced our investment decisions.”
“As part of our strategic mandate, we look forward to exploring and developing synergies through our portfolio of related investments and our partnerships in the aerospace, defense and autonomous sectors. It will potentially support the development of a family of Focused Speeder Air Utility vehicles,” Al-Mazroui continued. We also appreciate our partnership to establish a Speeder manufacturing center in Abu Dhabi, which includes flight testing, manufacturing, sales and distribution throughout the MENA region. ”
“This investment is a testament to SDF’s trust in Mayman Aerospace and their confidence in their unique technology. allows high-speed VTOL aircraft to move from flight testing to rugged commercialization.” We look forward to working with them to advance the new era of military, civilian and commercial aviation.”
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Ian attended Dominican University in California and graduated with a BA in English in 2019. With his lifelong passion for writing and storytelling and keen interest in technology, he now contributes to his DroneLife as a staff writer.
Miriam McNabb, editor-in-chief of DRONELIFE and CEO of professional drone services marketplace JobForDrones, is a fascinating observer of the emerging drone industry and drone regulatory environment. With her 3,000+ articles focused on the commercial drone space, Miriam is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and high tech she has over 20 years of experience in sales and marketing new technologies.
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