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September 22, 2025

FlyNow Secures Investment to Launch Flying Taxis in Saudi Arabia

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Riyadh, Saudi Arabia — September 22, 2025

FlyNow Arabia Ltd. has secured strategic investment to launch its electric aircraft in Saudi Arabia, offering air taxi and cargo services with operating costs comparable to regular taxis.

The investment from Den VC, as well as the Al-Mohaidab, Reslan, and Mehchi family offices, will help FlyNow Arabia fast-track the localization of its electric air mobility operations in the Kingdom. Over the coming year, the company will establish a regulatory sandbox for testing in Saudi Arabia and begin setting up local manufacturing infrastructure for the eCopter.

FlyNow’s eCopter is an electric aircraft that can fly up to 50 km at speeds of 130 km/h, carrying either up to two passengers or 200 kg of cargo. Fully electric, it produces zero emissions and offers operating costs comparable to a regular taxi ride. With a sound level of just 55 dB(A) — quieter than a household dishwasher — it’s ideal for use in urban environments without contributing to noise pollution.

“At FlyNow, we aim to solve one of the biggest daily challenges in fast-growing cities like Riyadh: traffic congestion,” said Yvonne Winter, CEO of FlyNow Arabia Ltd., an entrepreneur with nearly two decades of experience in building and leading companies, and a strong focus on sustainability.

“With the eCopter, you can fly over the traffic — quickly, safely, and silently. Our climate-friendly solution aligns perfectly with Saudi Arabia’s Vision 2030, and we are honored by the Kingdom’s warm welcome and proud to support its goals for sustainable industrialization, smarter logistics, and job creation.”

The company has already signed letters of intent with logistics customers across the MENA region, and the Saudi expansion, supported by the National Industrial Development Center (NIDC) and the Ministry of Investment of Saudi Arabia (MISA), positions the Kingdom as a central hub for the eCopter adoption in the region.

FlyNow’s approach differs from many “flying car” concepts by focusing on near-term certification using proven autopilot technology and modular helicopter architecture, allowing for quicker regulatory approval and scalable deployment.

Investors emphasized the strategic alignment:

“FlyNow combines aviation-grade safety with automotive-grade cost efficiency,” said Waleed Khalil, Managing Partner at Den VC. “We invested because this is not another far-off flying car concept. It’s a practical, certifiable aircraft with a business case that works — one that can solve urban congestion, reduce emissions, and unlock new logistics models across the region.”

About FlyNow Aviation

FlyNow Aviation is revolutionizing the future of urban mobility with its fleet of electric vertical take-off and landing (eVTOL) aircraft called eCopter. These aircraft are designed to solve the growing issues of urban congestion and environmental degradation by offering an on-demand, fast, and efficient mode of transport.

The eCopter family includes one- and two-seater models for personal transportation, a cargo version with a 200 kg payload capable of carrying a standard Euro pallet, as well as dedicated firefighting and rescue models — offering maximum flexibility for diverse urban and regional applications.

Learn more at: www.flynow-aviation.com

About Den VC

Den VC is a US-based venture capital firm operating across Africa, the Arab region and other emerging markets. With a strong commitment to impact, Den invests in technology-enabled startups that address fundamental needs such as financial inclusion, education, healthcare, women’s empowerment, environmental sustainability and job creation. The firm focuses on companies that combine strong unit economics with meaningful social outcomes.

Learn more at: https://denvc.com

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