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Vaeridion raised €14M in a Series A funding round led by World Fund to develop an electric aircraft aimed at short-haul routes in Europe by 2030.

PRIVATEDec 19, 2024

Amount Raised

€14 Million

Round Type

Series A

MunichTransportationTravelAir TransportationAerospace

Investors

InnovationQuarterAndreas KupkeProject A VenturesVsquared VenturesSchwarz HoldingWorld Fund

Description

Munich-based startup Vaeridion has secured €14M to develop an electric aircraft for short-haul flights. The investment was led by Berlin-based climate tech VC World Fund, with participation from several other investors.

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Company Information

Company

Vaeridion

Location

Munich, Bavaria, Germany

About

Vaeridion is a German startup that was co-founded in 2021 by former Airbus and ZF engineers Ivor van Dartel and Sebastian Seemann. The company is developing an electric aircraft known as a microliner, aimed at replacing jet-fueled planes on regional flights by 2030. With a focus on sustainability, Vaeridion seeks to decarbonize short-haul travel across Europe while offering competitive pricing for its innovative aerial solutions. They aim to carry passengers on routes of about 500km, coinciding with the distance covered by a significant portion of EU flights in 2022.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Vaeridion 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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