Hybrid Air Vehicles (HAV), based in Cardington, Bedford, raised £1.36 million just 24 hours after launching a crowdfund to “underpin its operations and contract discussions during Covid-19 recovery.”
Just 250 investors helped raise the funds, in the first 24 hours, helping to secure the company’s future at the airship sheds just outside Bedford.
However, at the time of writing their are now 607 investors 607 investors and the total cash raised stands at almost £1.5 million.
HAV has been developing Airlander’s technology since 2007 and has an established global lead.
They have already flown their full scale Airlander with 75% lower emissions, with a conventional version planned in service from 2024.
A hybrid-electric version with 90% lower emissions is planned for service from 2025, with a an all-electric Airlander 10 with zero emissions due to be launched in 2030.
“HAV is the only company in the world to have flown a full-scale prototype hybrid aircraft. Over the past 10+ years, we’ve spent £116m developing Airlander,” continued the crowdcube pitch.