# Surf Air Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/surf-air-mobility

- Industry: Transportation Services
- Headquarters: Hawthorne, US
- Website: www.surfair.com
- Total disclosed funding: $17M
- Latest round: Series B (Aug 7, 2014)
- Investors on record: 10

## About

Surf Air Mobility Inc. is a U.S.-based company focused on transforming regional air travel through electric aviation and innovative software solutions, enhancing commuter flight services across the nation.Surf Air Mobility Inc. operates as a commuter airline focused on enhancing regional travel. Founded in 2012 and headquartered in Hawthorne, US, the company has successfully completed 14 deals, with its most recent funding round being an IPO on July 25, 2023, raising USD 460.00 mn. Carlota Estevan is the founder, and Stan Little serves as the CEO.Surf Air Mobility specializes in regional air travel, offering scheduled commuter flights through its brands, Southern Airways Express and Mokulele Airlines. The company also develops the SurfOS platform, an AI-powered software solution aimed at improving operational efficiency for airlines across the United States, particularly in markets where air travel provides time savings over ground transport.In 2022, Surf Air Mobility reported revenues of USD 20.27 mn with an EBITDA of USD -49.83 mn. Revenue is generated primarily through scheduled flights and on-demand charter services, with operations supported by government contracts and direct consumer bookings via their platforms.Following its IPO in July 2023, which raised USD 460.00 mn, Surf Air Mobility plans to utilize the funding to expand its service area and to develop and acquire technologies. The company aims to enhance its regional air travel offerings and explore new markets, although specific regions and product launch dates have not been disclosed.

## Funding rounds

- Series B, Aug 7, 2014, $8M — Anthem Venture Partners, ff Venture Capital, Velos Partners, Base Ventures, Plus Capital
- Series B, Jul 3, 2013, $2.4M — Anthem Venture Partners, Velos Partners, Base Ventures
- Series B, Dec 10, 2012, $2.6M — Anthem Venture Partners
- Series A, May 8, 2012, $3.8M — New Enterprise Associates, Baroda Ventures, Anthem Venture Partners, Wavemaker Partners, TriplePoint Capital, Base Ventures
- Seed, Apr 27, 2012, $0M — Mucker Capital

## Investors

- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Baroda Ventures (https://capitalatlas.ai/funds/baroda-ventures) — Series A
- Anthem Venture Partners (https://capitalatlas.ai/funds/anthem-venture-partners) — Series A, Series B
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series A
- Base Ventures (https://capitalatlas.ai/funds/base-ventures) — Series A, Series B
- Velos Partners (https://capitalatlas.ai/funds/velos-partners) — Series B
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Series B
- Plus Capital (https://capitalatlas.ai/funds/plus-capital) — Series B