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Overview
Overair is developing an electric tiltrotor air vehicle for on-demand travel. Its flagship, the Butterfly, seats a pilot plus five passengers (with luggage) and is powered by a fully electric powertrain, producing zero emissions. The aircraft uses tiltrotor technology to take off and land vertically and then transition to forward flight. It features 20+ ft propellers, quad-redundant key systems, and the ability to hover on two of four propellers, delivering high efficiency and safety. The company differentiates itself through its patented, 15-year-developed technology, larger propellers and higher power margins, and a focus on an on-demand, urban-mlying transportation model rather than traditional aviation. Overair aims to provide a safe, quiet, fast, and affordable alternative to existing modes of travel and to transform the on-demand transportation market with zero-emission air mobility.
About Overair
Industries
Automotive & Transportation
Aerospace
Company Size
11-50
Company Stage
Early VC
Total Funding
$170M
Headquarters
Santa Ana, California
Founded
2019
Simplify's Take
What believers are saying
- Navy SBIR contract validates Individual Blade Control technology differentiation and defense applications.
- Partnerships with DFW Airport, Arlington, Clay Lacy Aviation establish operational infrastructure pre-certification.
- 200% excess power margins enable multiple missions per charge and safe adverse weather operations.
What critics are saying
- Archer Aviation acquired Butterfly patents and critical employees, directly enabling competitor development.
- FAA certification delayed beyond 2027 due to novel OSTR and IBC technology scrutiny.
- Sector funding collapse from Lilium bankruptcy threatens cash runway until unproven 2027 certification.
What makes Overair unique
- Butterfly's oversized rotors twice the size of competitors enable 60% lower hover energy consumption.
- Quad-redundant architecture allows safe flight on two of four propellers after propeller stall.
- 55-decibel noise target positions Butterfly as quietest eVTOL for high-density urban routes.
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Funding
Total Funding
$170M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Employee Stock Purchase Plan
Fertility Treatment Support
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 3%2 year growth
↓ -16%As part of the announcement, Archer acquired a patent portfolio from Overair, an electric aerial mobility manufacturer, as well as hired multiple critical employees related to the patents.
Archer Aviation (NYSE: ACHR) has made two strategic acquisitions to advance its defense aircraft program. It acquired a patent portfolio and employees from Overair, a Karem Aircraft spin-off, and composite manufacturing assets and a 60,000-square-foot facility from Mission Critical Composites. These moves support Archer's partnership with Anduril to develop hybrid, autonomous military aircraft, following a $1.3 billion capital raise. The Pentagon has requested $13.4 billion for autonomous military systems.
In Arlington, TX, the Dallas Fort Worth International Airport has partnered with aircraft manufacturer Overair to develop the "Butterfly" aircraft.
Overair has partnered with Clay Lacy Aviation to introduce advanced air mobility (AAM) services in Southern California, marking the latest in a wave of similar announcements that have seen air taxi startups partner with fixed-base operators (FBO).
Hyderabad: JetSetGo, a marketplace for private jet and helicopter charters announced strategic partnerships with three global aviation technology leaders, including Electra.aero, Horizon Aircraft and Overair, to bring Advanced Air Mobility (AAM) solutions to India.
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About Overair
Industries
Automotive & Transportation
Aerospace
Company Size
11-50
Company Stage
Early VC
Total Funding
$170M
Headquarters
Santa Ana, California
Founded
2019
There are no jobs for Overair right now.
Find jobs on Simplify and start your career today