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The Ministry of Economy has announced that Odys Aviation, a US-based company developing hybrid-electric vertical take-off and landing (VTOL) aircraft designed for both regional distances and short-haul “air taxi” routes, has joined its NextGen FDI program, which provides pioneering businesses in high-potential sectors with the market-entry fundamentals to seamlessly launch and then scale their operations in the UAE.
Designed for passengers, cargo and emergency services, Odys Aviation’s aircraft will be able to deliver all-electric propulsion for 320 kilometres, with a hybrid-electric range of more than 1,200 kilometres. This means, they have the potential to reduce carbon emissions on pan-GCC air travel by up to 76 per cent, and provide a zero-carbon travel alternative for all journeys across the UAE. The California-based start-up plans to launch a full-scale prototype in 2025, with the aircraft entering into service in 2027.
The company has joined the Ministry of Economy’s NextGen FDI program to facilitate the launch of a regional headquarters in Abu Dhabi, which will also include a high-volume assembly and maintenance plant. The move will create more than 2,000 direct and indirect jobs in the UAE and would result in the export of the first aircraft manufactured under the “Made in the UAE” certification.
His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The new partnership with Odys Aviation marks another important milestone in the UAE’s journey to create a knowledge-based economy, powered by innovation. We see significant opportunities for the operation of Odys aircraft across the UAE in civilian, cargo and civil defence activities, and we look forward to developing a new sustainable, low-carbon aviation sector – from clean energy air travel through to advanced manufacturing and research and development capabilities. Our NextGen FDI program is helping to transform the UAE’s advanced manufacturing and industrial sector and create new clusters of excellence around world-changing ideas.”