Pale Fire Capital invested €600,000 in the Czech startup Zuri to support its development of a disruptive VTOL aircraft for personal transportation.
Target Company Overview
Zuri is a Czech startup founded in 2017 by Michal Illich, aiming to revolutionize personal air transportation. The company specializes in developing an unmanned aerial vehicle (UAV) designed for personal transport, incorporating Vertical Take-Off and Landing (VTOL) technology. Currently, Zuri has a dedicated team of seven employees along with several external collaborators committed to advancing its innovative vision.
Industry Overview in the Czech Republic
The air transportation industry in the Czech Republic is experiencing significant growth, driven by advancements in technology and an increasing demand for efficient travel solutions. With a rich history in aviation, the country has fostered a supportive environment for startups focusing on innovative transport solutions, including UAV technology.
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Furthermore, the European market is witnessing a surge in interest towards sustainable and advanced aerial mobility. Governments and regulatory bodies are beginning to
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Pale Fire Capital
invested in
Zuri
in 2018
in a Seed Stage deal
Disclosed details
Transaction Size: $1M