Category Archives: Business News

Israel’s Flytrex Closes $7.5M Funding Round

Israeli drone logistics startup Flytrex, which specializes in food and consumer good deliveries via unmanned aircraft systems, has raised $7.5 million in a series B funding round led by Benhamou Global Ventures, with additional investment from Btov. The investment follows a $3 million Series A funding round in June 2017, bringing the company’s total raised to $10.5 million. Continue reading

Airlander Awarded Production Organisation Approval

As 2018 came to a close, the Civil Aviation Authority (CAA) awarded Hybrid Air Vehicles Ltd a Production Organisation Approval. Following the successful award of our Design Organisation Approval from the European Aviation Safety Agency (EASA) in October 2018, this latest achievement sees HAV starting 2019 in a strong position to launch production. Continue reading