Doroni Aerospace, a US developer of electric vertical take-off and landing (eVTOL) aircraft, last week secured an additional $150 million from a Saudi investor.  The investment came only days after the company announced an initial $30 million deal with Kingdom Aero Industries (KAI).

Florida-based Doroni was launched in 2017 and is working to manufacture US Federal Aviation Administration-certified, market-ready prototypes of recreational eVTOLs by the end of 2026 or the beginning of 2027. It wants to scale up commercial production after that.

Doroni announced on February 20 that Riyadh-based KAI would put $30 million into the company over two years to bring the prototypes to market, and ultimately become a 40 percent shareholder. 

Doroni’s founder and chief executive Doron Merdinger added that he has also fielded inquiries from the UAE and other countries in the Gulf but is not able to disclose more at this stage.

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