Aerovel, manufacturer of Flexrotor, the most advanced Group 2 vertical take-off and landing (VTOL) unmanned aircraft, announced that it has raised $2.5 million in Series B capital. The investment is from undisclosed leaders in aviation. Aerovel is using the funds to accelerate growth, increase production capacity and hire additional engineers.
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Flexrotor small tactical unmanned aerial system (Picture source: Aerovel)
