Dubai is getting ready for the next wave of transportation: electric air taxis.

‍What’s happening:‍

• Electric vertical takeoff and landing aircraft infrastructure startup Skyports has raised $110M USD in a Series C financing round
  
• The round was led by infrastructure giant ACS Group
  

The big idea:‍

• Skyports designs, builds and operates facilities known as vetriports that allow electric vertical takeoff and landing companies to take off and land in cities all over the world
  
• Skyports has an exclusive partnership with the Dubai government to operate the largest facility of its kind for electric vertical takeoff and landing aircraft operators
  

Why it matters:‍

• Electric air taxi startups have been seeing a surge in venture capital funding lately, as many countries have begun to announce formal partnerships and form plans around allowing passengers to travel on short distance air taxi flights
  
• Electric air taxis also represent a significant opportunity to decarbonize transportation in large urban cities which currently rely on fuel powered vehicles for commuting and short distance trips
  

By the numbers:‍

• ACS Group generated $39B USD in revenue last year
  
• Skyports has publicly stated they believe they will be operating electric air taxis passenger flights in Dubai in less than 36 months
  

Going deeper:‍

• Skyports has multiple notable backers including Irelandia Aviation and Deustche Bahn Digital Ventures
  
• Skyports also has an ongoing infrastructure partnership with Archer Aviation (NYSE: ACHR) who has their own electric air taxi that is preparing to launch

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