About Aerovel
Aerovel is a company based in White Salmon (United States) founded in 2016 by Tad McGeer was acquired by Airbus in January 2024.. Aerovel has raised $2.5 million across 1 funding round from investors including Airbus. The company has 15 employees as of December 31, 2022. Aerovel offers products and services including Flexrotor. Aerovel operates in a competitive market with competitors including Anduril, Shield AI, ideaForge, Northrop Grumman and Newspace Research and Technologies, among others.
- Headquarter White Salmon, United States
- Employees 15 as on 31 Dec, 2022
- Founders Tad McGeer
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Sectors
Aerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Aerovel Corporation
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Products & Services of Aerovel
Aerovel offers a comprehensive portfolio of products and services, including Flexrotor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Long-range robotic aircraft for reconnaissance and security operations.
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Funding Insights of Aerovel
Aerovel has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $2.5 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $2.5M
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First Round
First Round
(17 Feb 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Series B - Aerovel | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aerovel
Aerovel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Airbus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aerovel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aerovel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aerovel Comparisons
Competitors of Aerovel
Aerovel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Shield AI, ideaForge, Northrop Grumman and Newspace Research and Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Autonomous drones and AI pilots for fighter jets are developed.
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| domain | founded_year | HQ Location |
Developer of unmanned aerial vehicles
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| domain | founded_year | HQ Location |
Non-combat aircraft systems are supplied for aerospace and defense sectors.
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| domain | founded_year | HQ Location |
Next-generation unmanned systems and aerospace technologies are developed.
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| domain | founded_year | HQ Location |
UAVs and software are manufactured for military and enterprise surveillance.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aerovel
Frequently Asked Questions about Aerovel
When was Aerovel founded?
Aerovel was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Aerovel located?
Aerovel is headquartered in White Salmon, United States. It is registered at White Salmon, Washington, United States.
Is Aerovel a funded company?
Aerovel is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Series B of $2.5M, raised on Feb 17, 2021.
How many employees does Aerovel have?
As of Dec 31, 2022, the latest employee count at Aerovel is 15.
What does Aerovel do?
Aerovel Corporation was established in 2016 in White Salmon, United States, within the aerospace sector. Fixed-wing VTOL drones are developed and supplied for both marine and terrestrial environments. Operations focus on applications such as observation, monitoring, intelligence gathering, communications relay, surveillance, reconnaissance, security, and scientific data collection across various industries.
Who are the top competitors of Aerovel?
What products or services does Aerovel offer?
Aerovel offers Flexrotor.
Who are Aerovel's investors?
Aerovel has 1 investor. Key investors include Airbus.
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