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American company Reliable Robotics Raises $ 100 Million in Series C Financing

Reliable Robotics, a leader in US-based automated aircraft systems, has raised $ 100 million in a Series C funding round led by Coatue Management, bringing the total funding to over $ 133 million. The funds raised will allow the company to expand its team to support the first aircraft certification program and accelerate the launch of its commercial freight business.

Reliable Robotics is in a position to unleash access to thousands of underutilized regional and regional airports in the country and significantly expand its air transportation options for cargo. The company’s technology handles all stages of the flight, including taxi, takeoff, landing and parking, and licensed pilots remotely monitor each flight from the control center. The company said in a media release that the system has the ability to automatically land on small runways in rural and remote areas without the need for expensive infrastructure installation and maintenance.

“Automated aircraft offer great opportunities to transform the cargo industry in the coming years,” he said. Jeff Dreams, Former Co-Owner and Chief Commercial Officer of Ameriflight, The world’s largest regional air freight carrier. “Remote-controlled freight transport offers great benefits for low-cost, anytime, anywhere flights that improve aircraft utilization and availability.” Drees recently joined Reliable Robotics and established an airline subsidiary. Provided freight services while preparing for the adoption and scaling of remote-controlled aircraft.

Reliable Robotics, a leader in US-based automated aircraft systems, has raised $ 100 million in a Series C funding round led by Coatue Management, bringing the total funding to over $ 133 million. The funds raised will allow the company to expand its team to support the first aircraft certification program and accelerate the launch of its commercial freight business.

Reliable Robotics has made significant progress in key development areas through a step-by-step approach to certification and is deepening its regulatory experience through continued involvement with the Federal Aviation Administration (FAA). As part of this work, the company has received significant FAA approval for the flight of experimental unmanned aerial vehicles.

Plans to extend the company’s aircraft program to additional larger aircraft further demonstrate the versatility of the system. The company will also support emerging electric and hybrid electric platforms, and ultimately passenger aircraft.

Fiber2Fashion News Desk (KD)



American company Reliable Robotics Raises $ 100 Million in Series C Financing

Source link American company Reliable Robotics Raises $ 100 Million in Series C Financing

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