AeroVanti Air Club Announces $9.75 Million Funding Round
Company
DAILY SRQ MONDAY BUSINESS EDITION
MONDAY JULY 25, 2022 |
AeroVanti Air Club recently announced that it has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising.
The company believes this capital injection will position the charter aviation club, which has seen 20x growth since its launch in June 2021, to continue to scale its operations, grow its fleet and expand its destination offerings. and flight availability to its growing list of delighted customers. .
AeroVanti has completely redesigned air travel and is redefining the entire charter aviation industry, a $25 billion a year industry. With its unique tiered membership model and competitive hourly pricing at a fraction of the industry standard, AeroVanti has created an entirely new market segment in private aviation. AeroVanti members aren’t burdened with expensive initiation fees, costly hourly rates, capped miles, or inconvenient booking restrictions like other membership-based charter services.
The speed and efficiency of its namesake aircraft (Piaggio P. 180 Avanti) reduce operating costs without sacrificing luxury, and the expanding fleet will keep the member-to-aircraft ratio below the industry average, guaranteeing a wonderful member experience.
“Since launching last summer, we have relentlessly pursued the ultimate charter aviation experience for our members and to prove that luxury and convenience are not mutually exclusive,” said the founder and CEO of ‘AeroVanti, Patrick Britton-Harr. “In a context of remarkable growth, we are always looking to improve this travel experience. This includes expanding our fleet and acquisition staff to support our increased operational efficiency to add more available and new destinations.
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