US-based Odys Aviation joins UAE’s NextGen FDI program

US-based Odys Aviation joins UAE’s NextGen FDI program

Odys Aviation, a US-based company developing hybrid-electric vertical take-off and landing (VTOL) aircraft designed for both regional distances and short-haul “air taxi” routes, has joined the UAE Ministry of Economy’s NextGen FDI program, which provides pioneering businesses in high-potential sectors with the market-entry fundamentals to seamlessly launch and then scale their operations in the UAE.

Designed for passengers, cargo and emergency services, Odys Aviation’s aircraft will be able to deliver all-electric propulsion for 320 kilometers, with a hybrid-electric range of more than 1,200 kilometers. This means, they have the potential to reduce carbon emissions on pan-GCC air travel by up to 76 percent, and provide a zero-carbon travel alternative for all journeys across the UAE. The California-based start-up plans to launch a full-scale prototype in 2025, with the aircraft entering into service in 2027.

The company has joined the NextGen FDI program to facilitate the launch of a regional headquarters in Abu Dhabi, which will also include a high-volume assembly and maintenance plant. The move will create more than 2,000 direct and indirect jobs in the UAE and would result in the export of the first aircraft manufactured under the “Made in the UAE” certification.

Dr. Thani bin Ahmed Al Zeyoudi

UAE Minister of