SeaBubbles to raise € 100 million to speed up production of its flying taxis

by bold-lichterman

  • SeaBubbles is developing electric taxis that fly over water.
  • The start-up has already raised 3 funds.
  • With this new investment, it wishes to accelerate its development.

Seabubbles, a French start-up that develops flying taxis over water, announces that it wants to complete a new funding round of 100 million euros. Investors have not yet been communicated.

Founded in 2015 by the navigator Alain Thébault and Anders Bringdal, SeaBubbles wishes to market flying electric shuttles. They move over water at a speed of 50km / h. With this means of transport, the company aims to relieve congestion in an ecological way large metropolises with a river.

To develop its prototypes, the start-up carried out three fundraising events. In 2016, the company raised one million euros from Henri Seydoux, Partech Ventures and several Business Angels in order to develop the first “SeaBubble” prototype. A second round of funding of 3 million euros with the MAIF Avenir fund enabled it to start production of this first machine. Finally, the third investment was aimed at the production of a second prototype.

With this new investment, which should be completed within a few weeks, SeaBubbles wants to speed up the production of its flying taxis. Last March, the company carried out its first test at sea, in the South of France.

Founders: Alain Thébault and Anders Bringdal

Launch: 2015

The head office : Paris

Activity: transport

Funding: € 1 million in January 2016, € 3 million in December 2016, € 10 million in March 2017 and € 100 million in June 2017.