Australian startup AMSL Aero has secured AUD 5.43 million (approximately USD 3.49 million or EUR 3.26 million) in funding from the Australian Renewable Energy Agency (ARENA) to propel its innovative hydrogen-powered electric Vertical Take-Off and Landing (eVTOL) aircraft project. ARENA's announcement today marks a pivotal moment in the evolution of sustainable air travel.
The aircraft, aptly named “Vertiia,” boasts a design reminiscent of a helicopter, featuring eight rotors. Its capabilities include the transport of up to five passengers over distances of up to 1,000 kilometers (621 miles). Vertiia is strategically designed to cater to various markets, including air ambulance services, emergency response, as well as passenger and cargo transport.
The AUD 10.86 million project encompasses an array of development and certification activities crucial for the aircraft's progression, ultimately culminating in a demonstration test flight of the prototype. ARENA highlights that if Vertiia proves successful, it has the potential to become one of the most cost-effective and environmentally friendly modes of air travel for distances of up to 1,000 kilometers.
AMSL, headquartered at Sydney's Bankstown Airport, has already made significant strides by developing a battery electric prototype of the Vertiia aircraft. This latest funding injection from ARENA is set to accelerate the project's transition to hydrogen-powered technology, marking a significant step forward in the pursuit of sustainable aviation.