SkyDrive Secures Japanese Government Innovation Grant Worth up to ¥12.4 Billion

SkyDrive, a Japanese electric vertical take-off and landing (eVTOL) aircraft manufacturer has been chosen by Japan’s Ministry of Economy, Trade and Industry (METI) for the ”Next-Generation Air Mobility Field” innovation promotion project.

The eVTOL company has been granted approximately  ¥12.4 billion (US$82.7 million) which will support the development of innovative technologies aimed at enhancing future social implementation, including reducing traffic congestion and lowering emissions.

The program is a Japanese government initiative to grant startup companies working on advanced technologies that address societal challenges. The program supports research and development projects that have a high potential for growth and a positive impact on society.

SkyDrive is developing a multicopter-type eVTOL aircraft with two passengers and a pilot. The aircraft has a maximum takeoff weight of less than 1.5 tons and is designed to be safe, quiet, and environmentally friendly.

It features a unique patent pending rotor frame technology that allows it to land on rooftops, making it a suitable and accessible aircraft for family, friends, and commuters with an affordable operating cost per person.

The grant program funding will enable SkyDrive to accelerate its research and development efforts, focusing on improving the performance, safety, and efficiency of its eVTOL aircraft. It will also support the development of new technologies and systems necessary for the successful deployment of eVTOLs in Japan and beyond.