Moya Aero awarded $2M to boost cargo drone development

Moya Aero was awarded a US$2-million grant from FINEP, a Brazilian government organization that promotes science, technology, and innovation. The funds will be used to continue work on developing its Moya eVTOL.

In partnership with Helisul Drones, Albatross, and Certifica Drone, Moya Aero was one of two companies awarded among 15 finalists. The grant will support the next steps of the first eVTOL for cargo dedicated to logistics applications and aimed at greater productivity and efficiency.

Moya Aero, founded in 2020 by Alexandre Zaramela and Renata Paolillo, is a spin-off of ACS Aviation, Brazil’s leading aeronautical engineering, research, and aircraft development entity located in the heart of Latin America’s aerospace industry corridor, São José dos Campos.

This extraordinary experience is behind the Moya eVTOL, the first autonomous, high-capacity, all-electric vehicle being built in the Southern Hemisphere.

Alexandre Zaramela, co-founder and CEO of Moya, said: “We are honored to receive this support from the FINEP, which we see as a testament to the importance of developing zero-emissions vehicles. Our mission is to build a cargo drone that will fill a gap in the market to serve remote and unassisted areas by conventional transport.”

This press release was prepared and distributed by Moya Aero.