Supernal invests in Urban-Air Port to power up plan for 200 vertiport sites

By Luke Barras-hill |

The investment in UAP’s ground infrastructure is a ‘first’ by a major eVTOL company.

Urban-Air Port (UAP) has secured an undisclosed investment from Supernal that will turbocharge infrastructure plans for 200 vertiport sites across the globe over the next five years.

TRBusiness has reached out to UAP for further information.

The financial injection from Supernal, the former Urban Air Mobility Division of Hyundai Motor Group, represents the first time a major electrical vertical take-off and landing aircraft (eVTOL) firm has poured money into an advanced air mobility (AAM) ground infrastructure developer.

In a statement, UAP says the deal will “deliver on the companies’ shared vision of integrating advanced air mobility into existing transit networks and creating a seamless passenger journey”.

‘LANDMARK ANNOUNCEMENT’

As reported, UAP’s vertiport sites offer infrastructure designed to foster the mass adoption of eVTOL aircraft such as cargo drones and air taxis, as the company embarks on a quest to redefine the future of air mobility.

In a linkedIn post, Keith Hunter, Chief Retail Officer at Urban-Air Port, shared his ‘huge excitement’ at the ‘landmark announcement’.

Supernal is convening public and private stakeholders to ‘responsibly shape’ the advanced air mobility industry, while developing its own eVTOL. Pictured is an impression of an Urban-Air Port hangar. Source: Urban-Air Port Ltd.

The urban air mobility market is forecast to grow by 9% annually to reach US$12.7 billion by 2027, according to ReportLinker.

A lack of ground infrastructure remains one of the biggest barriers to the advanced air mobility industry.

Hunter and UAP Founder and Executive Chairman Ricky Sandhu elucidated on the rapidly growing eVTOL marketplace, UAP’s infrastructure solutions and the associated opportunities for retail during a worldwide exclusive session at the TR Consumer Forum in September.

In a twin announcement, Urban-Air Port has named Adam Slepian, Global Head of Partnerships & Business Development at Supernal to its board of directors, effective immediately.

Urban-Air Port discussed the rapidly growing e-VTOL market, the future of autonomous air transport and the ‘blank canvas’ opportunity for retailers with Ricky Sandhu (far left) and Keith Hunter (second left) in a global exclusive session at the September TR Consumer Forum. 

Matthew Sattler, Manager of Infrastructure and Ecosystems Partnerships at Supernal, joins UAP’s board of advisors.

Industry knowledge and expertise will be shared as a result of the collaboration between both companies.

Sandhu said: “Cars need roads. Trains need rails. Planes need airports. eVTOLs need Urban-Air Ports. Despite the unparalleled potential of eVTOL aircraft to revolutionise mobility, the importance of the ground infrastructure that enables them is too often overlooked.

“With Supernal’s investment and expertise and connection to Hyundai Motor Group, we can supercharge the rollout of sustainable, intermodal and scalable ground infrastructure that will unleash the future of advanced air mobility globally.”

The investment will help support new UAP vertiport models, including the City Box delivery drone hub. Source: UAP.

Jaiwon Shin, Chief Executive Officer of Supernal and President of Hyundai Motor Group, added: “At Supernal, we are on a mission to transform how people and society move, connect, and live; therefore, it is essential we not only develop electric air vehicles, but also help shape the broader advanced air mobility market from the ground up.

“We are pleased to continue working with Urban-Air Port and support its efforts to create ground infrastructure that works seamlessly with eVTOLs and integrates the advanced air mobility industry with existing modes of transportation.”

The world’s first fully operational hub for eVTOLs, Air-One, will open for public visitation in Coventry City Centre in April.

A demonstration will show how AAM can help unlock the potential of sustainable mobility and how the industry will work to help cut congestion, air pollution and decarbonise transport.

International

OUT NOW: June/July issue + Top 10 Airports

The TRBusiness June/July 2024 edition, featuring the Top 10 Airports report, is now available...

International

TR Consumer Forum 2024 photo gallery now live

The TR Consumer Forum 2024 was packed with memorable moments, from the very first networking...

International

TR Consumer Forum welcomes Gulf Beverages

TRBusiness is proud to announce Gulf Beverages and African + Eastern as Diamond Sponsors for the...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend