Levitate Capital

Harnessing the power of air more cleanly, efficiently, and quietly than ever before.

Skydio is a drone manufacturer that uses artificial intelligence to create flying drones that are used by consumers, enterprises, and government customers. It develops AI-powered drones to deliver the power and flying cameras without the complexity. The company's drones use an array of cameras and proprietary computer vision technology to recognize, avoid objects in real-time, and predict into the future to make intelligent decisions, enabling users by flying themselves through the most demanding tasks or keeping them safe from obstacles when they want to take control. The company's debut drone, the R1, could track a target and film them while avoiding obstacles without any human intervention required. Then the company released the Skydio 2 in 2019, its second drone, cutting off more than half the price while improving it its autonomous tracking and video capabilities. Its flagship product, the X2, is equipped with seven cameras, 100x zoom, night vision, and promises to turn ordinary users into expert pilots thanks to its self-piloting abilities. It is backed by top investors and strategic partners including Andreessen Horowitz, Linse Capital, Next47, IVP, Playground, NVIDIA, and UP.Partners.

Skyports is an urban air mobility infrastructure provider and drone delivery operator for aviation and managing end to end drone deliveries. The company secures, designs, builds, owns and operates passenger and cargo vertiports enabling safe and efficient flight operations within urban and suburban environments. It also develops, implements, and operates end-to-end drone deliveries overcoming inefficiencies associated with traditional transportation methods. Skysports intends to use the funds to continue its ambitious program of site acquisition for passenger and cargo vertiports in cities around the world, including Singapore and Los Angeles. The company works with vehicle manufacturers and operators, city authorities, regulators and real estate partners to build landing infrastructure are suitable and convenient locations across cities, thereby creating resilient infrastructure networks that enable safe and efficient operations of passenger and cargo drones.

Skyports is an urban air mobility infrastructure provider and drone delivery operator for aviation and managing end to end drone deliveries. The company secures, designs, builds, owns and operates passenger and cargo vertiports enabling safe and efficient flight operations within urban and suburban environments. It also develops, implements, and operates end-to-end drone deliveries overcoming inefficiencies associated with traditional transportation methods. Skysports intends to use the funds to continue its ambitious program of site acquisition for passenger and cargo vertiports in cities around the world, including Singapore and Los Angeles. The company works with vehicle manufacturers and operators, city authorities, regulators and real estate partners to build landing infrastructure are suitable and convenient locations across cities, thereby creating resilient infrastructure networks that enable safe and efficient operations of passenger and cargo drones.

Volocopter is the pioneer of urban air mobility (UAM), an emerging branch of fully electric aviation. Our aspiration to make the dream of electric flight come true has resulted in safe and uniquely designed aircraft. Our air taxis and longer-range passenger aircraft will offer alternative, affordable transit solutions – emission-free and more sustainably and efficiently than before. For more than 10 years, we have been enhancing our initial prototype to build a sophisticated ecosystem that will complement our air taxis, thus opening up a whole new perspective on and for the city. By offering all-electric flights over megacities across the globe, we will make more room on the streets, thus relieving congestion, pollution, and other big-city hassles. Interconnected key transport hubs will allow us to ferry passengers across major cities more easily and sustainably than before.

Elroy Air is a logistics company that specializes in the fields of logistics, robotics, and air transportation. Its air cargo system features rotor-based vertical takeoff and landing (VTOL) and transitions to wing-based cruise flight for long-range. It was founded in 2016 and headquartered in San Francisco, California.

Matternet is the leading developer of commercial drone delivery systems for urban and suburban environments. The company ships the Matternet M2 drone and Matternet Software Platform and operates its technology directly for customers or in partnership with logistics organizations, such as UPS. In 2017, Matternet became the first company in the world to be authorized for commercial Beyond Visual Line of Sight (BVLOS) operations of drone logistics networks over cities in Switzerland. In 2019, Matternet and UPS partnered to launch drone delivery services in the U.S. and together started the first revenue drone delivery operations in the U.S. In 2022, Matternet M2 became the first drone delivery system to achieve standard Type Certification and Production Certification by the Federal Aviation Administration (FAA) in the U.S. To date, Matternet technology has enabled over 20,000 commercial flights.

Elroy Air is a logistics company that specializes in the fields of logistics, robotics, and air transportation. Its air cargo system features rotor-based vertical takeoff and landing (VTOL) and transitions to wing-based cruise flight for long-range. It was founded in 2016 and headquartered in San Francisco, California.