# Overair

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/overair

- Industry: Aerospace
- Headquarters: Santa Ana, US
- Website: www.overair.com
- Total disclosed funding: $25M
- Latest round: Series A (Dec 8, 2019)
- Investors on record: 1

## About

Based in California, US, and founded in 2019, Overair, Inc operates as a developer and manufacturer of an electric vertical takeoff and landing (eVTOL) aircraft. The company was Co-founded by Abe Karem (Principal Designer) and Ben Tigner (CEO). In June 2022, Overair, Inc. raised USD 145 million in series B funding co-led by Hanwha Aerospace Co., Ltd and Hanwha Systems.

The firm designs develop and manufactures electric vertical takeoff and landing aircraft for the purpose of air taxi and aerial mobility operations. It has developed a zero-emission air transport named butterfly which is having more than a 100-mile-long range with a 200 mph of cruise speed. It uses a fully electric powertrain which creates less than 40db acoustic emissions.

The company plans to use June 2022 funding to fly its experimental prototype and build out its commercialization team and go-to-market strategy.

## Funding rounds

- Series A, Dec 8, 2019, $25M — Hanwha Investment & Securities

## Investors

- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A