Overair

Overair

Develops electric vertical take-off aircraft

About

Overair develops a tiltrotor electric vertical take-off and landing (eVTOL) aircraft called Butterfly, aimed at providing safe, quiet, fast, and affordable on-demand transportation. The Butterfly can carry a pilot, five passengers, and their luggage, making it suitable for personal and business travel. It operates with a fully electric powertrain, producing zero emissions, which supports the shift towards sustainable transportation. The Butterfly features large propellers, excess power margins, and a design that allows it to hover with fewer propellers, enhancing its efficiency and safety. Unlike traditional aviation options, Overair focuses on the on-demand market, with a revenue model likely based on pay-per-ride services. The goal is to transform travel by offering a more efficient and environmentally friendly alternative.

Company Stage

Seed

Employees

11-50

Industries

Automotive & Transportation, Energy, Aerospace

Total Funding

$165.4M

Headquarters

Santa Ana, California

Founded

2019


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Simplify's Take

What believers are saying

  • Overair's partnerships with Arlington and DFW Airport boost its urban air mobility presence.
  • The U.S. Navy contract for IBC technology highlights Overair's military application potential.
  • Completion of the Butterfly prototype positions Overair as a frontrunner in the eVTOL market.

What critics are saying

  • Competition from Boeing and Airbus threatens Overair's market share and growth.
  • High development costs may strain Overair's financial resources as a startup.
  • Regulatory approval delays could hinder Overair's timely service launch.

What makes Overair unique

  • Overair's Butterfly eVTOL features 20+ ft propellers, larger than competitors'.
  • The Butterfly can hover with only two of its four propellers, enhancing safety.
  • Overair's quad-redundant architecture ensures high safety and efficiency in urban air mobility.

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Growth & Insights
Headcount

6 month growth

-44%

1 year growth

-70%

2 year growth

-60%

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