• 26 Feb 2021 01:52 PM
• 0

Skyworks is a $100M GEM

Skyworks Aeronautics Corp. announced on Feb. 8, a $100M investment commitment from GEM Global Yield LLC SCS, a fund of the Luxembourg Global Emerging Markets Group (GEM). Skyworks is the successor to Groen Brothers (see “Gyroplanes: From Novelty to Mainstream?” Vertiflite, March/April 2019). “Skyworks Aeronautics will use the funds to move forward with the commercialization of its cutting-edge gyroplane aircraft, including the eGyro electric air taxi [shown] geared towards urban air mobility and the 400 mph [645 km/h] VertiJet VTOL aircraft that competes directly with helicopters, but at a much higher speed, longer range and lower operating cost,” said the Skyworks press release.