Munich-based startup Vaeridion announced on December 19, 2024, that it has raised €14 million to fund the further development of its future all-electric, battery-powered Microliner aircraft.
The Microliner, a conventional takeoff and landing aircraft designed to carry nine passengers over distances of up to 500km, is expected to be ready to enter service by the end of the decade.
Vaeridion was founded in Munich by Dutch aerospace engineer and Airbus veteran Ivor van Dartel with the goal of electrifying regional air mobility.
The new funding round has been led by World Fund with participation from of other investors such as Vsquared Ventures, Project A, Sterling Concorde, Schwarz Holding and InnovationQuarter.
The additional funds add to a previous €3.4 million seed round and, together with financing secured through government support programs, takes the total amount raised to date by Vaeridion above the €18 million mark.
In November 2024, Vaeridion became the first general aviation company to successfully complete a Pre-Application Contract (PAC) with the European Union Aviation Safety Agency (EASA). This program enables aerospace startups to engage with the European aviation regulator from an early stage to clarify the certification requirements and de-risk the development risks of their projects.