Tag: Surefly

Workhorse Group has secured funding from Marathon Asset Management, which will provide funds in two separate tranches. A $10 million lump sum will be paid out and used principally to satisfy repayment of the July 2018 senior secured notes. The remaining $25 million will function as a revolving credit facility from which Workhorse may draw down as necessary to meet existing...

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The 2019 Detroit Auto Show, also known as the North American International Auto Show, provides a global stage for companies on the cutting edge of industry-shaping technology to debut brand-defining vehicles. It is one of the largest auto shows in the United States. The Workhorse Group tweeted on Tuesday December 18 to “get ready, Michigan because we’re bringing the #SureFly...

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Los Angeles based urban air taxi carrier Quantum XYZ has placed a pre-order for Workhorse SureFly hybrid-electric octocopters. Quantum XYZ plans to use the aircraft to be the first urban air VTOL service to market. Zeeshan Moha, Vice President and Chief Route Architect of Quantum XYZ told prnewswire.com, “We invite a future where safe, on-demand air travel is as ubiquitous as car...

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Surefly eVTOL air taxi octocopter hybrid electric