CCycloTech GmbH develops the CycloRotor propulsion system with 360-degree thrust vectoring for VTOL aircraft, enabling vertical takeoff, landing, and precise control. The CycloRotor is adapted from the Voith-Schneider propeller and is aimed at electric propulsion for eVTOL and other VTOL platforms. It operates on a business-to-business model, supplying aerospace manufacturers and aviation entities, and is expanding its R&D, manufacturing, and testing capabilities in Germany. Its focus on a single propulsion concept differentiates it from competitors and aims to bring CycloRotor-based propulsion into widespread use in the VTOL and urban air mobility market.
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Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$22M
Headquarters
Linz, Austria
Founded
2004
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Total Funding
$22M
Above
Industry Average
Funded Over
1 Rounds
CycloTech has announced the successful maiden flight of its BlackBird demonstrator, on 27 March.
An Austrian startup called CycloTech is working on a novel propulsion style for electric flying vehicles.
Debuting at the event, Austria's CycloTech GmbH introduced CycloRotors, a sustainable, electrically powered propulsion system for air mobility vehicles, promising unmatched maneuverability.
Austria-based CycloTech, an aviation tech firm that claims to be a pioneer in developing innovative flight propulsion technology, announced that it has secured €20M in funding just a few weeks after opening the funding round.
The funding from investors will enable further development of the first full scale prototype of the CycloRotor propulsion system.
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Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$22M
Headquarters
Linz, Austria
Founded
2004
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs