Electra

The U.S. defense and aerospace group has not disclosed how much it invested in the start-up during a Series A funding round.

Under the terms of a new memorandum of understanding, Flyv and Electra will explore urban and regional network opportunities and collaborate on marketing initiatives for air mobility services..

The latest MOUs signed by Electra, which call for delivery of as many as 130 aircraft, follow a late-August deal with Bristow Group for 50.