Future Flyers

Skyports clinches $110 million for Dubai’s flying taxi terminals

Spain's ACS infrastructure company is the lead equity investor in a Series C fundraising round for the city's futuristic fleet

Skyports has clinched funding to start building sky taxi ports in Dubai. (Photo: Skyports)

Amid clearing skies after Dubai’s record rainstorm, the vision for taxis in the city got a little sharper on Wednesday as London-based Skyports clinched funding to start building the futuristic aircraft’s take-off and landing areas.

Skyports, which is running the project, announced that Spain’s ACS infrastructure company is the lead equity investor in a $110 million Series C fundraising round.

In March, Skyports inked a deal with Dubai and federal regulators as well as U.S. aircraft company Joby Aviation to get Joby’s aircraft into service by 2026.

A spokesperson for Skyports told The Circuit at the time that the four planned takeoff locations – near Dubai International Airport, Downtown, Dubai Marina, and Palm Jumeirah – would cost around $10 million each to construct.

A typical journey from DXB to Palm Jumeirah is expected to take 10 minutes by air taxi compared with 45 minutes by car.

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