International law firm Bird & Bird has advised Urban-Air Port Ltd (UAP) on its landmark investment from Supernal, previously the Urban Air Mobility Division of Hyundai Motor Group.
The investment will deliver on the companies’ shared vision of integrating advanced air mobility (AAM) into existing transit networks and creating a seamless passenger journey. The funding will help support UAP’s plans to develop 200 vertiport sites across the world in the next five years.
UAP’s vertiport sites will provide essential infrastructure to help enable mass adoption of eVTOL aircraft – such as cargo drones and air taxis – as public acceptance grows and will transform the way goods and people are transported around urban areas. The world’s first fully operational urban-air port hub for eVTOLs, Air-One, will open for public visitation in Coventry City Centre in April. The demonstration will show how AAM can help unlock the potential of sustainable mobility and how the industry will work to help reduce congestion, cut air pollution and decarbonise transport.
Bird & Bird advised on the deal and has acted for UAP since its formation. The team was led by Corporate partner
