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CycloTech GmbH develops propulsion systems for aviation, focusing on the CycloRotor, which provides 360-degree thrust vectoring for VTOL aircraft. The CycloRotor adapts the Voith-Schneider propeller concept to deliver omnidirectional thrust for vertical takeoff and precise control in eVTOL and other VTOL platforms. It operates on a B2B model, selling propulsion systems to aircraft manufacturers and other aviation entities, and is expanding its manufacturing and testing capabilities, including a move into Germany. Its goal is to enable widespread use of CycloRotor-based propulsion in VTOL aircraft and to grow research, development, and production to support commercial deployment.
Industries
Hardware
Industrial & Manufacturing
Aerospace
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
Flexible Work Hours
Remote Work Options
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
Hardware
Industrial & Manufacturing
Aerospace
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