Skyports Funding, Investors & Competitors

Skyports has raised $144M across 5 funding rounds, most recently a $110M Series C in April 2024.

Last Skyports funding round

$110M

Series C · Apr 2024

Cumulative funding Skyports raised

$144M

across 5 funding rounds

Key investors in Skyports

  • Groupe ADP
  • Deutsche Bahn Digital Ventures
  • Levitate Capital
  • ST Engineering Ventures Fund
  • Irelandia Aviation
  • Iridium

Skyports Overview

About Skyports

Skyports is a London-headquartered urban air mobility infrastructure provider operating vertiports and drone delivery networks worldwide. It designs and manages passenger and cargo vertiports in cities including Singapore, Los Angeles, and Paris. Skyports partners with Airbus and Hyundai for eVTOL operations and executes end-to-end drone logistics for medical supplies in the UK and Australia.


Founded

2017

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Services

Skyports Funding History

Skyports has raised a total of $144M across 5 funding rounds.

Skyports' first fundraising round was a $7M Series A in December 2019. The most recent completed round was a $110M Series C in April 2024.

Skyports funding rounds

Skyports funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2024Series CIridium (lead); Groupe ADP$110MSkyports, a global leader in vertiport infrastructure for air taxis and electric drone services, raised over $110 million in its Series C funding round announced on April 17, 2024. The round was led by Iridium Concesiones de Infraestructuras, the infrastructure arm of ACS Group, which became the largest shareholder through a substantial equity investment. Existing investor Groupe ADP also participated with additional capital. Iridium CEO Nuria Haltiwanger joined Skyports' board as chairperson, alongside Ramon Villaamil and Vicente Maraña from ACS. The funding supports Skyports' dual business lines: Skyports Infrastructure and Skyports Drone Services. Key priorities include building vertiports in Dubai under a tripartite agreement with the Roads and Transport Authority (RTA) and Joby Aviation ahead of 2026 air taxi launches, alongside progress in other markets. Drone services will expand offshore energy deliveries, medical deliveries, linear asset inspections, and water quality monitoring. ACS Group, with 2023 revenues of $39 billion, brings expertise in large-scale sustainable infrastructure to accelerate Skyports' growth in the Advanced Air Mobility (AAM) market. The partnership explores integrating drone delivery and inspections into ACS's construction, mining, and infrastructure projects. Prior collaborations include Groupe ADP since 2019, featuring Europe's first vertiport testbed in Paris in 2022. This round brings Skyports' total funding to around $140 million, positioning it strongly for global expansion in urban air mobility and drone operations.
Aug 2022Series BST Engineering Ventures Fund (lead)$3MSkyports, a UK-based provider of Advanced Air Mobility vertiport infrastructure and drone services, completed the final close of its Series B funding round in August 2022 with a $3.13 million investment from ST Engineering Ventures, bringing the total raised to $26.13 million. The round followed a first close of $23 million in March 2022 and included participation from existing investors such as Deutsche Bahn Digital Ventures, Groupe ADP, Solar Ventus, Irelandia, and Levitate Capital, as well as new investors Kanematsu Corporation, Goodman Group, 2i Aeroporti, and GreenPoint. ST Engineering Ventures acted as the lead for its portion. The funding supports Skyports' expansion in vertiport development and commercial drone operations, building on partnerships with ST Engineering since 2021 on projects like reservoir monitoring for Singapore’s Public Utilities Board using autonomous BVLOS drone flights with the DroNet system. In early 2022, the companies joined a consortium with Sumitomo Corporation for ship-to-shore parcel delivery via unmanned aircraft in Singapore. Skyports aims to lead in air taxi ecosystems and reduce emissions through drone services. The heavily oversubscribed round reflects investor confidence in Skyports' expertise and the AAM industry's growth trajectory, with plans to strengthen global ties with partners, stakeholders, and regulators.
Mar 2022Series B-$23MSkyports, a drone infrastructure and Advanced Air Mobility (AAM) vertiport developer, completed the first close of its Series B funding round on March 23, 2022, raising USD 23 million from a mix of new and existing investors including Deutsche Bahn Digital Ventures, Groupe ADP, Solar Ventus, Irelandia, Levitate Capital, Kanematsu Corporation, Goodman Group, 2i Aeroporti, and GreenPoint. The round later closed at a total of USD 26.13 million with an additional USD 3.13 million from ST Engineering Ventures in August 2022. The funding supports Skyports' dual focus on vertiport infrastructure for electric air taxis and scaling drone services operations across the UK, Europe, and Asia. Investors like Kanematsu Corporation joined the board, alongside DHL eCommerce CEO Ken Allen as an independent director. The capital aims to accelerate partnerships with air taxi manufacturers and expand drone deliveries, including trials like school meals in Scotland. Skyports operates in the burgeoning urban air mobility market, projected by Morgan Stanley to reach $1 trillion by 2040. The company has since progressed to a Series C round of $110 million in April 2024 led by ACS Group's IRIDIUM, totaling over $150 million raised across seven rounds. 2024 revenue was reported at $2.76 million.
Mar 2020Series AIrelandia Aviation (lead); Deutsche Bahn Digital Ventures; Levitate Capital; Groupe ADP$800K-
Dec 2019Series ADeutsche Bahn Digital Ventures (lead); Groupe ADP (lead); Levitate Capital$7MSkyports is an urban air mobility infrastructure provider and drone delivery operator that raised £5.35 million ($6.9 million) in its Series A funding round jointly led by Deutsche Bahn Digital Ventures and Groupe ADP, with participation from Levitate Capital. The round closed around December 2019. The capital supported acquiring sites for passenger and cargo vertiports in cities including Singapore and Los Angeles, following the showcase of the VoloPort with Volocopter. Funds also advanced the drone delivery business through acquisition of drone platforms for urban and rural operations and team expansion for commercialization.

Who has invested in Skyports?

6 investors have backed Skyports across its funding rounds, including Groupe ADP, Deutsche Bahn Digital Ventures, Levitate Capital, ST Engineering Ventures Fund, Irelandia Aviation and Iridium.

Lead investors include Iridium, ST Engineering Ventures Fund, Irelandia Aviation, Deutsche Bahn Digital Ventures and Groupe ADP.


Skyports Investors

Investors in Skyports by funding rounds participated
InvestorHQRoundsRoleFirst check
Groupe ADPFranceParis3LeadDec 2019
Deutsche Bahn Digital VenturesGermanyBerlin2LeadDec 2019
Levitate CapitalUnited StatesSan Francisco, CA2ParticipantDec 2019
ST Engineering Ventures FundSingaporeSingapore1LeadAug 2022

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Skyports Competitors

Skyports competitors include listed companies like Tesla and General Motors, and private ones like Glydways, Autonomous Flight, Xwing and Waymo.

Public and private companies comparable to Skyports
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GlydwaysUnited StatesSan Francisco, CAPrivate--$700M-
Autonomous FlightUnited KingdomSevenoaksPrivate--$400M-
XwingUnited StatesSan Francisco, CAPrivate--$400M-
TeslaUnited StatesUnited StatesPublicly listed$95B$10B$1.4T13.8x
WaymoUnited StatesSan Francisco, CAPrivate$400M-$126B315.0x
General MotorsUnited StatesUnited StatesPublicly listed$185B$15B$76B1.0x

Skyports Public Comps

Skyports is still privately-owned, but its public comps include Tesla, General Motors, SAIC Motor, Aurora Innovation, XPENG, AeroVironment, China Aerospace Times, Mobileye, Joby Aviation and Nanchang Sanrui.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
General Motors$185B$15B1.0x1.0x12.1x8.5x
SAIC Motor$98B$7.1B0.1x0.1x1.5x2.3x
Aurora Innovation$3M($786M)3957.3x1040.1x(15.1x)(15.5x)
XPENG$11B$156M1.1x1.0x80.6x(74.9x)
AeroVironment$2B($35M)4.3x4.2x(245.2x)28.5x
China Aerospace Times$2.1B$166M3.9x3.5x48.1x-
Mobileye$1.9B$140M2.8x2.7x38.5x12.3x

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Common questions about Skyports

When was Skyports founded?Skyports was founded in 2017.
Where is Skyports headquartered?Skyports is headquartered in London, United Kingdom.
Is Skyports publicly listed?No, Skyports is a private, VC-backed company.
How much funding has Skyports raised?Skyports has raised $144M across 5 funding rounds.
What was Skyports' last funding round?Skyports' last funding round was a $110M Series C in April 2024, led by Iridium.
Who are Skyports' investors?Skyports' investors include Groupe ADP, Deutsche Bahn Digital Ventures, Levitate Capital, ST Engineering Ventures Fund, Iridium and Irelandia Aviation.
Which companies are comparable to Skyports?Companies comparable to Skyports include Glydways, Autonomous Flight, Xwing, Tesla, Waymo and General Motors.

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