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Aerospace engineering company advised on Series B funding round
AMSL Innovations (AMSL) has completed its Series B equity funding round, as the company continues to develop its “Vertiia” electric vertical take-off and landing aircraft.
Jess Feyder
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Firm: Piper Alderman (AMSL)
Deal: Piper Alderman has advised AMSL Innovations on its Series B equity funding round.
Value: N/A
Area: Corporate
Key players: The Piper Alderman team was led by partner Lis Boyce, with support from associate Sam Blight.
Deal significance: With support from the St Baker Energy Innovation Fund, IP Group Australia, TelstraSuper and Hostplus in the Series B round, AMSL will use the funding to propel the company’s future growth and achieve important technical and commercial milestones.
AMSL is an aeronautical engineering company that is developing an electric vertical take-off and landing aircraft, proposing a new mode of safe, affordable and energy-efficient transport for passengers.
Its Vertiia aircraft is the world’s most efficient electric vertical take-off and landing aircraft. Its aerodynamic and structural design allows it to travel further using less energy.
Vertiia is purpose-built for the aeromedical, emergency services and passenger markets and will “provide a new mode of safe and affordable transport”, according to a statement from AMSL.
The founders of AMSL Innovations, Andrew Moore and Siobhan Lyndon, said that Ms Boyce was recommended to them as an experienced adviser to growing companies.
“We appreciated the support of the Piper Alderman team in providing clear and practical legal advice as we navigated this important funding round,” they said.
Ms Boyce commented on the capital raising: “It’s a pleasure to work with an innovative company such as AMSL.
“We congratulate Andrew, Siobhan and the rest of the AMSL team on their achievements to date, and we appreciated the opportunity to support them on this significant capital raising.”
“Piper Alderman is proud to have advised AMSL Innovations on this transaction and is excited to assist the company reach new altitudes,” the firm said in a statement.
