dot.LA’s Guide to SoCal’s Flight Startups

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to and find him on Twitter @Samsonamore.

Wisk Aero
Image courtesy of Wisk Aero

Everyone hates traffic, and it’s no secret that Los Angeles has some of the worst commutes in the country. Drivers in the LA area waste an average of 62 hours – more than an entire work week – in traffic every year, making it the sixth most congested city in the country.

To cope with the taxing traffic, some local startups aren’t thinking of ways to revitalize the county’s aging and unfinished freeway system: instead, they’re looking to the skies.

Right now, the idea of zipping around Southern California in a compact air taxi seems like a Philip K. Dick pipe dream. But there’s a handful of startups in the LA area eagerly engineering electric aircrafts that they say could be operational as soon as 2024.

Some of these startups have found powerful, well-funded allies in the ground transportation sector, like Archer Aviation which is backed by United Airlines, or Joby Aviation, funded in part by Uber. Others are supported by municipalities or nonprofits like the Urban Movements Lab, which LA Mayor Eric Garcetti launched in 2020 to hasten development on new transportation tech.

Here’s dot.LA’s guide to the startups you need to know that are working on air taxis or autonomous flight in Los Angeles.


Overair Raises $145M To Fly Its Electric Aircraft PrototypeImage courtesy of Overair

Location: Santa Ana

Founded: 2019

Raised to date: $170 million

Overair raised a $145 million round last month to accelerate the development of its electric plane called Butterfly, which is a vertical take-off and landing vehicle that could see its first test flight by the second half of 2023. The company’s backed by a South Korean conglomerate called Hanwha and was spun out of a Lake-forest based military aerospace contractor called Karem Aircraft in 2020. Originally, the company made tech capable of dropping Navy SEALs into combat zones.

Archer Aviation

Courtesy Archer Aviation

Location: Santa Clara

Raised to date: $2.18 billion

Archer went public in September 2021, raising nearly $858 million in a SPAC deal that made the startup a unicorn with a $1.7 billion post-deal valuation. Based in Santa Clara, Archer thinks its Maker aircraft can begin charting courses over Los Angeles at up to 150 miles per hour within the next two years. The company completed its first hover test flight last December and is gearing up for another test flight this week.

Wisk Aero

Wisk AeroImage courtesy of Wisk Aero

Location: Mountain View

Founded: 2019

Raised to date: $450 million

While it’s not headquartered in Los Angeles, it's worth mentioning Wisk since it’s working extensively in Long Beach. The Silicon Valley-based company began working with the city’s Office of Economic Research in February to survey local businesses, government agencies and community leaders to gauge their interest in using air taxis in and around Long Beach. Wisk spokesman Chris Brown told dot.LA the company’s air taxis wouldn’t be up and running for another decade, at least, but said the startup’s already completed over 1,500 test flights.

Joby Aviation

Credit: Joby Aviation

Location: Santa Cruz

Founded: 2009

Raised to date: $1.64 billion

One of the older firms on this list, Joby is working to make an electric aircraft with the goal of taking passengers on flights within the next two years. Joby claims its vehicle can travel 150 miles on a single charge and will be capable of vertical take-off and landing, which crucially could reduce the company’s need to build expensive runways. Following backing from Uber, Toyota, Intel and JetBlue, Joby went public in August 2021 which led it to quickly surpass unicorn status at a $4.5 billion valuation.

Odys Aviation

Credit: Odys Aviation

Location: Long Beach

Founded: 2019

Raised to date: $15.9 million

Long Beach-based Odys is building vertical take-off and landing electric planes and is aiming to create a network of local city helipads and airports that can host its vertiports. Odys was founded by James Dorris, a former engineer at Virgin Hyperloop, and Axel Radermacher, a former production manager at Karma Automotive, in 2019. The startup wants to cut door-to-door travel times in half by ferrying people across town in air taxis. It’s backed by Hyperloop One co-founder Brogan Bambrogan.


Make Flying Simple: Skyryse’s FlightOS Gives Pilots Control With Just a Tablet

Location: Hawthorne

Founded: 2016

Raised to date: $240.5 million

Skyryse is working on a software that can simplify flight controls and allow people (with the proper pilot creds, of course) to control aircraft with just an iPad using its FlightOS software. The startup launched in 2016 and in 2019 it demonstrated its ability to use the tech to program a helicopter to fly itself. In April, the company inked a deal with one of its investors, the medical transport company Air Methods, to retrofit 400 of the company’s single-engine choppers and fixed-wing airplanes with FlightOS. Skyryse courted engineers from Boeing, Ford, JetBlue and SpaceX, and hired new COO Justin Ryan and CFO Stephen Koo earlier this month.
🎬 Paramount and Skydance Are Back On
Image Source: Paramount

Happy Friday Los Angeles! Hope you all had a fantastic Fourth!!

🔦 Spotlight

Paramount and Skydance Media have rekindled talks to merge after negotiations abruptly halted in June. The proposed deal, contingent on approval from Paramount’s board, aims to combine Paramount’s extensive media holdings—including CBS, MTV, and Nickelodeon—with Skydance’s film expertise showcased in hits like "Top Gun: Maverick." This merger signals a potential transformation in the media landscape, positioning the new entity to compete more effectively amid challenges from streaming services and the decline of traditional cable TV.

Led by Shari Redstone, Paramount’s controlling shareholder via National Amusements, the deal represents a pivot towards revitalizing Paramount’s strategic direction amidst financial struggles and shareholder concerns. The involvement of major investors like RedBird Capital Partners and David Ellison underscores the financial backing aimed at stabilizing Paramount’s operations and addressing its $14 billion debt burden. Importantly, the agreement includes provisions to protect National Amusements from potential legal challenges, addressing previous hurdles that stalled earlier negotiations.

The deal also includes a 45-day period for Paramount to explore alternative offers, highlighting continued interest from other potential buyers like Barry Diller’s IAC and media executive Edgar Bronfman Jr. This flurry of activity underscores the significant stakeholders’ interest in Paramount’s future and its potential as a key player in a rapidly evolving media industry.

🤝 Venture Deals

LA Companies

  • Sidecar Health, a startup that offers personalized health insurance plans to businesses that allow members to see any doctor and pay directly at the time of service, raised a $165M Series D led by Koch Disruptive Technologies. - learn more

LA Venture Funds

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😊🚘 Rivian's $5 Billion Lifeline

🔦 Spotlight

Volkswagen announced on Tuesday a significant investment of up to $5 billion in Rivian, a struggling electric truck manufacturer known for its vehicles' distinctive smiley-face design reminiscent of Volkswagen's iconic Beetle. This partnership marks a unique collaboration between the world's second-largest automaker and a startup grappling with profitability challenges akin to those faced by Tesla. Volkswagen's infusion of $1 billion initially, potentially rising to $5 billion pending regulatory approval, underscores its strategic pivot towards enhancing its electric vehicle (EV) software capabilities, an area where analysts believe the company has lagged.

For Rivian, which has received acclaim for its electric trucks and SUVs but struggles with production ramp-up and financial losses, the investment offers crucial financial backing. The company plans to utilize Volkswagen's expertise in manufacturing, leveraging the German automaker's annual production of nearly 10 million vehicles. This alliance aims to bolster Rivian's efforts to launch new models like the R2 midsize SUV and complete its Georgia factory, paused earlier this year to conserve funds. Rivian's stock surged upwards of 40% following the announcement, reflecting investor optimism in the company's future prospects.

Despite their differing corporate cultures—Volkswagen's traditional, structured approach contrasted with Rivian's agile tech startup ethos—the CEOs of both companies expressed mutual admiration and shared goals during the partnership announcement. The collaboration is expected to yield EV software solutions benefiting Volkswagen's various brands, potentially including Audi and Porsche, while allowing Rivian to maintain its brand identity and separate vehicle marketing strategies. This strategic partnership between Volkswagen and Rivian not only promises to revolutionize the electric vehicle market but also highlights the potential for collaboration between established automakers and innovative startups in Southern California, where Rivian is based. Here’s to hoping these smiling cars will balance out some of the inevitable LA road rage.

🤝 Venture Deals

LA Companies

  • HeyGen, a startup that allows users to generate videos with AI-created avatars that can lip-sync to provided audio, making it easier for businesses to create engaging video content, raised a $60M Funding Round at a $500M post-money valuation. The deal was led by Benchmark, with Conviction, Thrive Capital, and Bond Capital also stepping up. - learn more
  • Pomerium, a startup that provides a secure access platform that dynamically verifies user identities to ensure authorized access to applications and services, raised a $13.8M Series A round led by Benchmark and including previous investors Bain Capital, Haystack, and SNR. - learn more
  • Etched, a maker of transformer-specialized AI chips, raised a $120M Funding Round. - learn more
  • Rocketlane, a customer onboarding platform, raised a $24M Series B co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. - learn more
  • Sift, a developer of unified observability solutions for hardware sensor data, raised a $17.5M Series A led by GV. - learn more
  • LOST iN, a travel media brand, raised a $4M Seed Round led by MaC Venture Capital. - learn more

LA Venture Funds

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