GEM commits to invest up to $100M in Skyworks Aeronautics; commercialization of eVTOL gyroplanes
Green Car Congress
FEBRUARY 6, 2021
Under the agreement, GEM will provide Skyworks Aeronautics with a Share Subscription Facility of up to $100 million for a 36-month term following a public listing of the Skyworks Aeronautics common stock. Skyworks Aeronautics envisions a speed of 100-150 mph; 2-4 passengers plus a pilot; and 30-100 miles of range.
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