Two Purdue University-affiliated aerospace startups will each receive $100,000 from the Purdue Innovates Startup Foundry to prepare themselves for venture investment.
Aerovy Mobility and Uniform Sierra Aerospace participated in Startup Foundry’s biannual Black and Gold Awards pitch competition. Potential awards ranged from $30,000 to $100,000.
Aerovy Mobility also won $40,000 from the Purdue Innovates Incubator’s New Venture Challenge pitch competition.
Aerovy Mobility is creating an infrastructure for airports and airlines to prepare for and manage electric aviation. The company said it expects to achieve multiple milestones in the next 12 to 18 months. Co-founder Nick Gunady said the new investment is a vote of confidence and a good sign for the future of electric aviation.