AeroVanti Air Club Announces $9.75M Funding Round

Business

AeroVanti Air Club recently announced it has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising round.

The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to scale its operations, grow its fleet, and expand its destination offerings and flight availability to its growing roster of delighted customers.

AeroVanti has completely reimagined air travel and is in the midst of redefining the entire charter aviation industry, a $25 billion-a-year industry. Through its unique, tiered membership model and competitive hourly pricing at a fraction of the industry standard, AeroVanti has created a completely new market segment in private aviation. AeroVanti members are not burdened by costly initiation fees, expensive hourly rates, capped miles or inconvenient booking restrictions like other membership-based charter services.

Its namesake aircraft’s (Piaggio P. 180 Avanti) speed and efficiency reduce operations costs without sacrificing luxury, and the fleet expansion will keep the member-to-aircraft ratio lower than the industry average, ensuring a magnificent member experience.

“Since launching last summer, we have relentlessly pursued the ultimate charter aviation experience for our members and to prove that luxury and convenience are not mutually exclusive,” said AeroVanti Founder and CEO Patrick Britton-Harr. “Amid remarkable growth, we’re always looking to enhance that travel experience. This includes our fleet and personnel expansions to acquisitions to support our increased operational efficiencies to adding more available and new destinations.”

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