Skyports raises over $110 million, led by new ACS Group investment

Infrastructure and construction company ACS has become the biggest investor in Skyports following a ‘substantial equity investment’ in the vertiport infrastructure developer, with Paris-based airport operator Groupe ADP also contributing to Skyports’ Series C funding round. ACS Group has invested in Skyports via its wholly-owned infrastructure and concessions business Iridium Concesiones de Infrastructuras (IRIDIUM), which Skyports explains will ‘support key developments’ across both of Skyports’ business. Skyports Infrastructure (in collaboration with the Roads and Transport Authority of Dubai, and Joby Aviation)  will use the investment to build its vertiports ahead of the launch of Dubai eVTOL services by 2026. Skyports