Business
Aerovel Raises $2.5M for Flexrotor Development
Aerovel, manufacturer of Flexrotor, an advanced Group 2 vertical take-off and landing (VTOL) unmanned aircraft, announced that it has raised $2.5 million in Series B capital. The investment is from undisclosed leaders in aviation. Aerovel is using the funds to accelerate growth, increase production capacity and hire additional engineers.