Skyports raises in excess of $110M in Series C round led by investment from ACS

Skyports, a company specialising in vertiport infrastructure and electric drone operations, announced that the ACS Group, a prominent infrastructure and construction firm, has made a significant equity investment in Skyports, becoming its largest investor.

In 2023, ACS Group generated revenue of £39 billion through its infrastructure development/concessions business, Iridium Concesiones de Infraestructuras S.A. (IRIDIUM), which emphasises sustainable and innovative transportation solutions. This investment aims to propel developments within Skyports’ dual operations.

Skyports Infrastructure, which earlier in the year entered into a tripartite agreement with the Roads and Transport Authority of Dubai (RTA) and Joby Aviation, plans to utilise the funds to expand its vertiports in anticipation of the 2026 launch of air taxi services in Dubai and to enhance its presence in other markets. Meanwhile, Skyports Drone Services will enhance its current offerings, including recently initiated offshore energy asset deliveries, medical deliveries, linear asset inspections, and water quality monitoring services.

ACS INFRA, renowned for its large-scale transport projects and commitment to sustainable, inter-modal developments, shares Skyports' vision for the future of passenger and cargo transport. Among ACS INFRA’s notable projects are the Automated People Mover train at Los Angeles International Airport and a metropolitan railway extension in Lima, Peru. The collaboration will also explore potential integrations of drone delivery and inspection services within ACS Group’s extensive infrastructure asset portfolio and its construction and mining projects.

Furthermore, Groupe ADP, an existing shareholder based in Paris, will increase its investment in Skyports’ Series C funding round. Groupe ADP first partnered with Skyports during its Series A funding round in 2019. Since then, the companies have collaborated on significant infrastructure projects, including the first European vertiport testbed in Paris, inaugurated in November 2022.

The new round of investment will see IRIDIUM's CEO, Nuria Haltiwanger, appointed as Chairperson of the Skyports Board of Directors, with Ramon Villaamil and Vicente Maraña also joining the board.

Duncan Walker, CEO and Co-founder of Skyports, said: “With ACS backing, we are in the best possible position to advance commercial air taxi and electric drone services around the world.

“Investment from a world-class transport infrastructure leader serves as an endorsement of Skyports' initiatives and underscores the immense potential of the market.  Having ACS INFRA as a substantial shareholder in the company, together with their significant cash investment, puts Skyports in a market leading position, which will allow us to continue growing and enabling new aviation services.”

Nuria Haltiwanger, CEO of IRIDIUM, said: “We are proud of our new partnership with Skyports, the leader in vertiport development, and the role we will be able to now play in the new and growing Advanced Air Mobility market. We are eager to bring our knowledge of large-scale infrastructure development and construction to help grow Skyports and the overall AAM market. We are looking at how Skyports Drone Services’ expertise will help us to bring further efficiencies to our existing asset management, construction and mining businesses in the Group. This investment in Skyports is a critical step in our strategy of further expansion in new generation infrastructure, particularly in sustainable mobility.”