FlyBlade India (“BLADE India”), a joint venture between Hunch Ventures and Blade Air Mobility, Inc. (NASDAQ: BLDE), and Jaunt Air Mobility LLC (“Jaunt”), an AIRO Group company, announced today a strategic partnership aimed at launching electric vertical take-off and landing (eVTOL) aircraft operations in India and the subcontinent region by 2027. The partnership includes BLADE India’s intended acquisition of 150 Jaunt Journey aircraft, with an option to order another 100 aircraft to meet the projected demand over the next decade.
As the 3rd largest aviation market in the world, India is undergoing a major transformation with a growing need for seamless and faster connectivity to connect passengers in urban areas. BLADE India is a leader in this effort, having established short haul mobility services in cities nationwide. Jaunt, a global aerospace company, has pioneered the all-electric Jaunt Journey, an aircraft that combines helicopter and fixed-wing flight capabilities, highlighting safety, low noise, and operational efficiencies. Jaunt is pursuing a Transport Category certification for its aircraft, equivalent to that of commercial airliners.
The companies expect to collaborate in specific areas that are critical to support future short-haul mobility operations. Their plans include, in particular, BLADE India working with Jaunt and its partners to explore development of key infrastructure capabilities in aircraft charging and energy distribution technologies. In turn, Jaunt intends to use BLADE India’s existing short haul operational and customer experience to support the development of the Jaunt Journey aircraft and its integration into the Indian airspace.
Speaking on the strategic partnership, Amit Dutta, Managing Director, BLADE India said, “With its vast expanse and increasing congestion, India is one of the biggest markets in the world for AAM solutions. With BLADE’s first mover advantage in nurturing the Urban Air Mobility ecosystem in India and Jaunt’s technical expertise, this partnership is well poised to pioneer the transition to electric and revolutionize the transportation system.”
“We are thrilled to partner with an exceptional BLADE India team to pursue the launch of a new form of urban air travel in India and the subcontinent region”, said Simon Briceno, Chief Commercial Officer for Jaunt. “Our collaboration with BLADE India and our clear path towards aircraft certification means that the Indian public will soon be able to benefit from the development of a new safe, affordable, and accessible mode of transportation.”
About Fly Blade
BLADE India began in 2019 and offers cost-effective air transportation alternatives to some of the most congested ground routes in India with flights from Mumbai, Shirdi, Pune, and Bangalore. Hunch ventures is a privately held investment firm based out of New Delhi, India and has invested in a range of sectors including education, healthcare, immersive media, hospitality, food & beverage, logistics and others that may hold distinctive synergies with each other. For more information, visit https://flyblade.in/p/about.
About Jaunt Air Mobility
Jaunt Air Mobility is a transformative aerospace company headquartered in Dallas, Texas, with design and manufacturing located in Montreal, Canada. Jaunt is building the next generation of eVTOL (electric Vertical Takeoff and Landing) and hybrid-electric VTOL aircraft for faster, quieter, and safer travel over urban areas, moving people and cargo. Jaunt is the global leader in developing Slowed Rotor Compound (SRC) technology. Jaunt has teamed with Tier 1 aerospace partners to develop the Journey and work with global operators to provide this new form of travel. Jaunt offers an operationally efficient aircraft with a zero-carbon footprint. Jaunt is a recognized global brand of AIRO Group Holdings, Inc. (“AIRO”). AIRO is a mid-tier aerospace and defense company offering industry-leading technology and services in electric air mobility, advanced avionics, uncrewed air systems, and training uniquely capable of addressing a broad spectrum of aerospace markets. For more information, visit www.jauntairmobility.com and www.theairogroup.com.
Mallika Ahluwalia, Hunch Ventures, [email protected]
Nancy Richardson, Jaunt Air Mobility, [email protected]