AIR Unveils Unmanned 'AIR ONE Cargo' eVTOL for Logistics Market

This increases the company's YoY earnings for 2024 so far by 5X.

AIR
eVTOL.
eVTOL.
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FORT WORTH, Texas --  AIR announced its expansion into the cargo and logistics market with its new, unmanned AIR ONE Cargo eVTOL. In the last year, while maintaining its role at the forefront of the high-volume general aviation market, the company has secured multiple deals to supply the unmanned version of its flagship eVTOL aircraft, AIR ONE, for cargo purposes. Concluding 2023 with over $1 million in revenue, the additional purchase orders have significantly boosted the company's revenue projections for 2024 and 2025. Having already successfully delivered the first cargo aircraft, AIR is set to continue fulfilling the purchase orders for the remaining AIR ONE Cargo units throughout 2024 and the first half of 2025.

Driven by high market demand and backed by purchase orders, AIR developed the unmanned eVTOLs for cargo use-cases, in addition to its manned, "personal use" variant. The exponential growth in revenue since AIR's expansion into cargo and logistics demonstrates AIR's great promise as it continues pursuing mass eVTOL production.

AIR ONE Cargo firmly bolsters the maturation of AIR's products and design concepts, contributing valuable flight hours toward safety verification. Additionally, the cargo aircraft aids in achieving scaled production volume, leveraging AIR's automotive-based production line, methodologies, and automated manufacturing systems.

Capable of taking off and landing vertically while carrying a 550-pound (250kg) payload, the all-electric AIR ONE Cargo offers a practical long range on a single charge at speeds comparable to the manned passenger variant of AIR ONE.

This offering marks the latest milestone for AIR, which announced its participation in the U.S. Air Force's prestigious AFWERX Agility Prime program in December to drive flight testing and additional R&D efforts in the United States. AIR is continuing to amass significant flight test hours with its full-scale prototypes after successfully proving all phases of flight. With 1,170 AIR ONE vehicles for personal use already reserved via preorder and a waiting list, AIR plans to deliver the first batch of aircraft to consumers following aircraft certification.

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