Vaeridion raises €14 million in funding

German electric aircraft manufacturer Vaeridion has completed its Series A funding round, raising 14 million euros in equity funding. The company will use the money to "make key hires and expand commercially."

The funding round was led by World Fund, Europe’s leading climate VC. It claims to focus on sectors with the greatest need for zero-emission technologies. As aviation demand is expected to double by 2040, and regional flights could transport as many as 700 million passengers per year by 2035, aviation is definitely one of those sectors. Other investors include Project A Ventures, Vsquared Ventures, Andreas Kupke, Schwarz Holding, and InnovationQuarter.

Vaeridion is based in southern Germany – in Munich, to be exact. It is working on a zero-emission electric Microliner, said to be ready for take-off in 2030 “to deliver affordable regional flights in Europe.” The Microliner is a fixed-wing electric aircraft, with batteries integrated into the wings. It will launch as a nine-seater (plus room for two pilots). Vaeridion puts the nominal range at 400 kilometres plus IFR.

The Microliner will take off and land in a conventional way (eCTOL = “electric conventional take-off and landing”) in contrast to the vertical take-off and landing eVTOL (“electric vertical take-off and landing”).

According to the Vaeridion, it is also the first e-aviation company to have secured a Pre-Application Contract (PAC) with the European Union Aviation Safety Agency (EASA). “The company is now advancing along a predefined certification roadmap in close cooperation with the regulator, well in advance of applying for Type Certification (TC),” Vaeridion explains, adding that it makes the certification process “more seamless and secure.”

“Our new funding will significantly accelerate development efforts, paving the way for certification-conforming prototype flights to take off in 2027, followed by a first commercial flight by 2030,” said Ivor van Dartel, co-founder and CEO of Vaeridion. Daria Saharova, General Partner, added: “Aviation demand is expected to more than double by 2040, so we urgently need to decarbonise this sector. Vaeridion has unique technology, a world-class team, and the support to power the future of aviation.”

vaeridion.com