FlyNow Aviation to open regional headquarters in Kingdom

NOHA.GAD

Jul 14, 2024

FlyNow Aviation plans to open regional headquarters in Kingdom within the upcoming few months

Riyadh - Sharikat Mubasher: FlyNow Aviation, a leading producer and operator of electric cargo drones and air taxis based in Salzburg, plans to open its regional headquarters in Saudi Arabia within the upcoming few months.

The company also plans to establish an assembly line in the Kingdom to export to global markets, Yvonne Winter, COO of FlyNow Aviation, told Asharq Al Awsat newspaper on the sidelines of the Global EV & Mobility Technology Forum 2024.

Winter revealed that FlyNow Aviation aspires to provide thousands of electric helicopters by 2030 to contribute to enhancing sustainability and transport experience during Riyadh Expo 2030.

The inaugural Global EV & Mobility Technology Forum focused on sustainable urban mobility solutions and gathered global policymakers, institutions, NGOs, corporations, companies, and startups.

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Riyadh - Sharikat Mubasher: Routech Express, a tech-powered logistics aggregator based in Riyadh, successfully closed a SAR 3.75 million pre-seed funding round led by Q Fund, with participation from a group of angel investors.The new capital will help Routech Express accelerate its growth and expand services within and beyond Saudi Arabia, the company revealed in a statement yesterday.The company will also use this investment to develop its technology platform, which connects customers with the best shipping options across multiple carriers through one seamless experience.Jihad Al-Dawood, CEO of Routech Express, commented: “From the beginning, our focus has been on building a technology platform that reduces shipping complexity for customers and transforms shipping into a simple, transparent digital experience. This investment will help us accelerate product development, expand integrations with shipping companies, and enhance service quality and coverage.”He affirmed that the round marks a significant milestone in the company’s journey and reflects investors’ confidence in its vision and the scale of opportunity in the Saudi market.In turn, Abdullah bin Muammar, Chairman of the Board of Routech Express, said: “This round comes at a time when the logistics and shipping sector is witnessing rapid growth, driven by the boom in e-commerce and rising demand for faster, more flexible, and transparent shipping solutions. Routech Express has achieved strong growth in order volume and expanded its customer base by offering an integrated shipping ecosystem that serves both individuals and businesses through a single digital platform and application.”Routech Express delivers a high-standard shipping experience that combines speed, reliability, competitive pricing, and technology, positioning itself as a smart choice for individuals and companies to manage their shipments.It focuses on enabling digital transformation in the logistics sector and offering innovative solutions that help merchants and businesses grow and expand through professional, flexible shipping tools, in line with Vision 2030’s objective.

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