Key points:
- M25 has announced an investment in Aerovy, a company based in West Lafayette, IN, that is developing a suite of cloud-based software solutions for electrical infrastructure planning and operations management in the advanced air mobility sector.
- Aerovy’s core VEMS solution aggregates energy data for efficient recharging, grid storage, and resale between operators in the Advanced Air Mobility (AAM) sector.
- Aerovy, founded by Nick Gunady, a PhD candidate at Purdue University’s School of Aeronautics and Astronautics, recently completed an $800,000 pre-seed funding round.
Electric Vertical Takeoff and Landing (eVTOLs)—similar to e-taxis—are leading the AAM industry. Nevertheless, AAM’s considerable energy needs and infrastructure demands have been under-addressed until Aerovy’s entry.
Aerovy offers a robust solution for real-time energy management to AAM stakeholders. The company’s core product, VEMS, aggregates energy data to streamline recharging, grid storage, and resale between operators, while their AATLAS evaluates the energy needs and locations of vertiports to foster early growth in the AAM sector.
The founder, Nick Gunady’s impressive educational background and his past experience with American Airlines, GE Aviation, the National Institute of Aerospace, and NASA Langley Center make him an adept leader in the AAM field.
M25, a Chicago-based early-stage venture firm focusing only on tech startups in the Midwest, is delighted to invest in Aerovy. M25’s Founding Partner and Purdue alumnus, Mike Asem, shared his excitement about investing in “game-changing technology”.
Given the extensive innovation happening in the AAM sector, M25 is thrilled to invest in a company like Aerovy, that can become a core component of the technological infrastructure enabling a major shift in transportation and mobility.
To quote the words of Mike Asem, “it is clear that Aerovy has unique technology with full potential to be a core component of the next wave of transportation infrastructure… we couldn’t be happier about investing in this game-changing technology out of West Lafayette.”
Further information about Aerovy and M25 is accessible at www.m25vc.com.
