XTI Secures $55M Investment to Advance TriFan 600 VTOL Development

XTI Aerospace has entered into an agreement with FinExic Concordia Group for up to $55M in strategic equity investment. This capital aims to accelerate the development of the TriFan 600 through key milestones including an updated preliminary design review and the launch of the critical design review phase.

Discovered 2024-07-01T08:22:38.285633-07:00 | 2024-07-01T08:22:38.285633-07:00

Sources

This story was covered by the following sources:

2024-07-03T03:09:51.532642-07:00

XTI Aerospace Signs Capital Distribution Agreement “For Proposed Equity Investment of up to USD55 Million” • aam-me.ae

2024-07-03T03:09:15.927275-07:00

XTI Aerospace Signs Capital Distribution Agreement “For Proposed Equity Investment of up to USD55 Million” • eVTOL Insights

2024-07-02T05:09:57.887613-07:00

XTI Aerospace signs capital distribution agreement for proposed investment up to $55M at $275M valuation • Vertical Mag

2024-07-01T22:26:03.084667-07:00

XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment of up to $55 Million at $275 Million Valuation • PR Newswire

2024-07-01T19:41:03.017667-07:00

XTI AEROSPACE • Aviation Week

2024-07-01T12:58:01.956048-07:00

❗️ 2024-07-01T12:58:01.956048-07:00

Flying Magazine • Jack Daleo

XTI Lands Up to $55M to Develop VTOL Business Aircraft

2024-07-01T08:22:38.285633-07:00

XTI announces new investment of USD55 million to accelerate TriFan development • Urban Air Mobility News

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