AIRO Group

The AIRO Group, also known as AIRO, is a US-based urban air mobility and drone ecosystem company founded in 2005. It is headquartered in Greater Chicago Area, Great Lakes, Midwestern US. Chirinjeev Kathuria as the AIRO group's executive chairman.[1][2][3]

History and expansion

AIRO is a multi-faceted air mobility, autonomy, and aerospace company focusing on urban air mobility and drone ecosystems. It was founded in 20o5 to operate AIRO Drone and Agile Defense. It was established as an air drones base company.

In 2021, AIRO acquired Aspen Avionics and proceeded with a merger with Coastal Defense. On October 6, 2021, Jaunt Air Mobility entered into a merger with the AIRO group. AIRO's subsidiary, Jaunt Air Mobility, advanced to the next phase of the AFWERX High-Speed Vertical Take-Off and Landing Concept Challenge for the United States Air Force and United States Special Operations Command.[4]

AIRO confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.[5][6]

Description

The company works over commercial, military, robotics, manned/unmanned aerial systems, and multi-modal aircraft and avionics systems.[7] Other domains of this company include cargo transport and training. It addresses the entire drone ecosystem.

It has seven aerospace companies as its subsidiaries. AIRO Drone and Sky-Watch for commercial drones; Aspen Avionics for Advanced Avionics; Agile Defense and Coastal Defense for training; Jaunt Air Mobility for electric air mobility; Aironet are AIRO group subsidiaries.[8]

Team

Chirinjeev Kathuria is the AIRO group's executive chairman.[1][2][9] Joe Burns serves as the chief executive officer of AIRO Drone and of Agile Defense; John Uczekaj is the president and chief executive officer of Aspen Avionics; Martin Schousboe is the chief executive officer of Sky-Watch; Pramod Raheja is the founder and chief executive officer of Airgility; Kyle Stanbro is the founder and president of Coastal Defense; Martin Peryea is the chief executive officer and chief technology officer of Jaunt Air Mobility.[10]

Calin Rovinescu, former president and chief executive officer, Air Canada, and Mitch Garber, a global technology and growth capital investor, are investors and advisors for Jaunt Air Mobility.[11][9][12]

Partnerships

AIRO partnered with Stantec GenerationAV on June 24, 2021, to work on UAS aerial and autonomous platform solutions. Jaunt Air Mobility is working with L&T Technology Services Limited as an essential engineering partner. Jaunt Air Mobility advanced to the next phase of the AFWERX High-Speed Vertical Take-Off and Landing Concept Challenge for the United States Air Force and United States Special Operations Command.[13][8][14]

References
  1. "Jaunt Air Mobility CEO Talks AIRO Group and Latest Journey eVTOL Program Developments". Aviation Today. 2021-10-21. Retrieved 2022-06-07.
  2. "Jaunt Air Mobility Agrees To Join AIRO Group". aviationweek.com. Retrieved 2022-06-07.
  3. Alcock, Charles (October 11, 2021). "Jaunt To Merge with Airo and Go Public with Wall Street Listing". FutureFlight. Retrieved 2022-06-07.
  4. "Dallas' Jaunt Air Mobility Advances in AFWERX HSVTOL Challenge With MAV 55". Dallas Innovates. 2022-02-08. Retrieved 2022-06-07.
  5. "Airo Group Holdings, Inc. Announces Confidential Submission of Draft Registration Statement Related to Proposed Public Offering". GlobeNewswire News Room. 2022-08-15. Retrieved 2022-08-22.
  6. "AIRO Group gears up for initial public offering". www.aopa.org. 2022-08-17. Retrieved 2022-08-22.
  7. "Aspen Avionics taxis toward public launch - Albuquerque Journal". www.abqjournal.com. Retrieved 2022-06-07.
  8. "AIRO Mergers Complete and Company Aligned as Preeminent Mid-Market Aerospace and Defense Company". GlobeNewswire News Room. 2022-07-26. Retrieved 2022-08-22.
  9. "Twitter, Jaunt Air, essence et inflation". La Presse+ (in French). 2022-04-05. Retrieved 2022-06-07.
  10. Phelps, Mark (2022-07-30). "Aspen Avionics Announces GFC 600 Compatibility, And Much More". AVweb. Retrieved 2022-08-22.
  11. "Canadian Business Leaders Calin Rovinescu and Mitch Garber Back Jaunt Air Mobility" (Press release). Jaunt Air Mobility. Business Wire. 2022-04-05. Retrieved 2022-06-07.
  12. Seeley, David (2022-02-08). "Dallas' Jaunt Air Mobility Advances in AFWERX HSVTOL Challenge With MAV 55". Dallas Innovates. Retrieved 2022-08-22.
  13. Alcock, Charles (August 15, 2022). "Air Mobility Airo Group Prepares for Initial Public Offering". FutureFlight. Retrieved 2022-08-22.
  14. "Jaunt parent company AIRO Group announces intentions to go public". evtol.com. Retrieved 2022-08-22.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.