Aerovy, a Purdue University startup developing cloud-based software for advanced air mobility (AAM) has closed its round of pre-seed funding, raising $800,000 from Purdue Innovates, M25 and the Flywheel Fund.Aerovy has also recently launched additional new partnerships with Apricus Energy Partners and Volatus Infrastructure & Energy Solutions.
Aerovy CEO Nick Gunady said: “The closing of the pre-seed round for AAM and airport electrification will allow us to deploy to our customers and partners worldwide.”
Purdue Innovates ventures director Tyler Mantel added: “Investing $200,000 into Aerovy’s fundraising round was not just a vote of confidence in its vision, but a testament to our belief in their potential to revolutionise energy demand management.”
M25 founding partner Mike Asem continued: “It is clear that Aerovy has unique technology with full potential to be a core component of the next wave of transportation infrastructure.
“As a Purdue alumnus myself, in addition to M25’s focus on startups in the Midwest, we couldn’t be happier about investing in this game-changing technology out of West Lafayette.”
Flywheel Fund venture partner Brian Hatton commented: “We are observing dramatic changes in the energy industry and in the possibilities for electric air travel, with Aerovy at the nexus of the two. Our focus on supporting entrepreneurs in Indiana and the Midwest is really shining through with the investment in this game-changing technology.”
Gunady also announced an expanded partnership between Aerovy and Electro Base, a leading provider of battery container technology. Electro Base is a subsidiary of Electro.Aero, an electric aviation charging technology company based in Perth, Australia. Aerovy and Electro.Aero had established a partnership in early 2023.
Aerovy had previously established worldwide partnerships with Altaport, an automation software company based in Salt Lake City, and SkyScape, a developer of vertiport infrastructure based in Osaka, Japan.
Gunady concluded: “Through this partnership with SkyScape, Aerovy will deploy cloud software solutions to the Integrated Aviation Center in Hokkaido, Japan. Aerovy has additional plans to deploy around the world, including to sites in Paris, Singapore, Dubai and California.”
Aerovy has developed AATLAS and VEMS, two software suites that address obstacles to advanced air mobility like power grid limitations and operations.
The AATLAS planning software identifies locations that would attract the most demand, and assesses expected usage over time, simulating charging events minute by minute throughout the day. It can size power generation and storage assets, which enables end users to reduce dependence on the grid.
VEMS operational software automatically connects users with all their assets at infrastructure sites, including chargers and off-grid energy systems. Automation tools remotely connect with aircraft, charge vehicles, minimise grid cost and dynamically price without any user input.
