Land Rotor and Aeroauto sign $700M deal

Land Rotor and Aeroauto sign $700M deal

26-Sep-2023 Source: Aeroauto

Land Rotor has announced plans to mass-produce the AAM Sportster in an unprecedented $700 million dollar deal with Aeroauto, LLC of Royal Palm Beach, Florida. This marks one of the largest commitments to provide consumers with safe and affordable Advanced Air Mobility vehicles globally.

We’re pretty excited about this, given Aeroauto’s focus on having the industry’s best products and services to enhance customer experiences. This is a good fit for Land Rotor, and we are confident our customers are going to love it,” says Thomas-john Veilleux, Land Rotor’s Founder & CEO.

The company is pioneering an indoor version of Advanced Air Mobility as well, by integrating emerging technologies with existing social gaming infrastructure to connect with audiences around the world.

The idea behind our location-based entertainment venue is to provide guests with an immersive thrill ride experience that is fun and educational,” Veilleux says, “but it also will give people an opportunity to see how great the technology is.
Veilleux added, “It’s like indoor skydiving, except at our venues you’ll be flying in a real Personal Air Vehicle inside a building. It’s not a simulator.”

Land Rotor is one of many companies worldwide developing passenger-carrying eVTOL (electric vertical take-off and landing) vehicles.

What a fun journey,” Veilleux says with a smile. “People want flying cars, and Land Rotor is now positioned to make that happen …in a big way.

The AAM Sportster by Land Rotor is the first vehicle of this kind engineered to glide over the ground similar to a hovercraft. “We want to ensure people are safe and create amazing experiences for them,” Veilleux says.

The AAM Sportster is a roadable aircraft that utilizes LiDAR (light distance and ranging) technology to keep it on the ground, much like a hovercraft, until the operator and flight conditions allow for safe and legal flying. When ready to fly, simply flip a switch and enter into Flight Mode. “It’s that simple,” Veilleux says.

The company plans to offer a variety of eco-friendly power options for the AAM Sportster ranging from batteries, hydrogen, and biodiesel. “We want to make sure that our technology is on point with environmental needs, as well in providing consumers with a useful product that serves a purpose.” Veilleux added.

MSRP for the Land Rotor AAM Sportster is targeted at $70,000 and the company intends to deliver 10,000 vehicles by the end of this decade. Upgraded packages will include horn, headlights, brake lights, and turn signals. As well, all-weather fully enclosed cabin, and pontoons for water landings.

Our goal at Land Rotor is very clear,” Veilleux says. “We are going to mass-produce the AAM Sportster.”

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