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Surf Air Mobility Inc. raised $35.2 million through a mandatory convertible security led by GEM Global Yield LLC to enhance regional air mobility capabilities.

PUBLIC · SRFMAug 09, 2024

Amount Raised

$35.2 Million

Round Type

Convertible Note

HawthorneTravel and TourismTravel

Investors

GEM Global Yield LLC

Description

Surf Air Mobility Inc. announced the closing of a $35.2 million mandatory convertible security issuance to GEM Global Yield LLC. The funding aims to expand the company's operational capacity and enable further advancements in electrified air travel.

Quick answer

Surf Air Mobility raised $35.2 Million in a Convertible Note round, dated August 9, 2024. Investors: GEM Global Yield LLC. Surf Air Mobility is based in Hawthorne, California, United States.

How much did Surf Air Mobility raise?
Surf Air Mobility raised $35.2 Million in a Convertible Note round on August 9, 2024.
Who invested in Surf Air Mobility?
GEM Global Yield LLC is named as investors in this round.
What does Surf Air Mobility do?
Surf Air is a Los Angeles-based electric aviation and air travel company expanding the category of regional air travel and reinventing flying through the power of electrification.
Where is Surf Air Mobility based and how big is it?
Surf Air Mobility is based in Hawthorne, California, United States. Fundz records about 560 employees.
Who are the decision-makers at Surf Air Mobility?
Fundz holds 2 contacts at Surf Air Mobility, including the VP, Marketing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Travel and Tourism and Travel around the same time

Companies in the same sectors as Surf Air Mobility that raised within 45 days of this round, from Fundz verified event records.

  • JCAS Airways raised $2.1M (Pre-Series A) on September 23, 2024.
  • Mapo Tapo raised $1.3M (Seed) on September 23, 2024.
  • Mindtrip raised $12M (Funding Round) on September 18, 2024.
  • Turneo raised $2M (Seed) on September 18, 2024.
  • Trip Cabinet raised $6.5M (Funding Round) on September 18, 2024.
  • Cruisebound raised $13M on September 17, 2024.

Who to call at Surf Air Mobility, and when

A new round usually means Surf Air Mobility is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Surf Air Mobility raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Surf Air Mobility, from your own LinkedIn network

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Company Information

Company

Surf Air Mobility

Location

Hawthorne, California, United States

About

Surf Air is a Los Angeles-based electric aviation and air travel company expanding the category of regional air travel and reinventing flying through the power of electrification. Surf Air intends to develop powertrain technology with its commercial partners to electrify existing fleets, bringing electrified aircraft to market at scale in an effort to substantially reduce the cost and environmental impact of flying. The management team has deep experience and expertise across aviation, electrification, and consumer technology.

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Related People

2 contacts
Verified contactsHudson A., VP, MarketingSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Surf Air Mobility's next move

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Surf Air Mobility raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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