# IP Group portfolio company AMSL Aero’s Vertiia successfully completes maiden test flight

- Link: https://www.directorstalkinterviews.com/ip-group%c2%a0portfolio-company-amsl-aeros-vertiia-successfully-completes-maiden-test-flight/4121107147
- Published: 2023-02-21T07:43:59+00:00
- Author: Amilia Stone

**IP Group plc** (LON:IPO), which develops world-changing science and technology
businesses, has noted that Australian portfolio company AMSL Aero has announced 
that Vertiia has successfully completed its maiden test flight. This is the first
ever flight by an Australian-designed and built eVTOL, which is the new generation
of aircraft that take off and land like a helicopter but fly like a plane.

Vertiia completed its tethered hover by remote control in the Central West region
of New South Wales in strict accordance with Civil Aviation Safety Authority (CASA)
regulations.

The flight marks a vital milestone for Vertiia, which has zero carbon emissions 
and will carry four passengers and a pilot at a cruising speed of 300kph. Vertiia
will be able to fly up to 1,000km, three times the range of any eVTOL. AMSL Aero
expects to commence deliveries of the Vertiia in 2026 to customers in the aeromedical,
cargo, emergency, and regional air mobility sectors.

The full release follows below:

Australian green aerospace company **AMSL Aero** today announced that **Vertiia**,
the world’s most efficient and longest-range Electric Vertical Take Off and Landing(
eVTOL) aircraft, has successfully completed its maiden test flight. This is the 
first ever flight by an Australian-designed and built eVTOL, which is the new generation
of aircraft that take off and land like a helicopter but fly like a plane.

Vertiia completed its tethered hover by remote control in the Central West region
of New South Wales in strict accordance with Civil Aviation Safety Authority (CASA)
regulations.

The flight marks a vital milestone for Vertiia, which has **zero carbon emissions**
and can carry four passengers and a pilot at a cruising speed of 300kph. Vertiia
will be able to fly up to 1,000km, three times the range of any eVTOL, which makes
it the most efficient eVTOL in the world. AMSL Aero expects to commence deliveries
of the Vertiia in 2026 to customers in the aeromedical, cargo, emergency, and regional
air mobility sectors.

AMSL Aero CEO and Vertiia inventor **Andrew Moore** noted that it is nearly 130 
years since Australian aeronautical pioneer **Lawrence Hargrave** invented the box
kite, upon which the Vertiia’s unique “box wing” design is based.

> “As Vertiia lifted off, we felt the same rush of adrenaline that Lawrence Hargrave
> must have felt nearly 130 years ago. The Vertiia prototype flew better than we
> expected. It was remarkably smooth and a delight to fly,” **said Moore.**

AMSL Aero will now conduct more test flights and begin CASA certification for Vertiia,
which is on display at the **Avalon International Airshow in Victoria from 28 February
to 5 March 2023**, as it continues discussions with future customers and builds 
a sovereign aviation capability for Australia.

According to AMSL Co-Founder **Siobhan Lyndon**, Vertiia will enable greater access
to medical services for vulnerable remote, rural and regional communities, offering
new models of care through rapid and low-cost connectivity.

> “Vertiia is not only safe and quiet, but it was also developed for the harsh long-
> distance conditions in Australia.  If it can work in Australia, it can work anywhere,”**
> she said.**

> **Lyndon added**: “Unlike aeromedical aeroplanes that require a runway, Vertiia
> will carry patients directly from any location straight to the hospital, significantly
> reducing the complexity and time often required to transport vulnerable patients.
> It will also be quieter and safer than helicopters and will eventually cost as
> little as a car to maintain and run, transforming aeromedical transport into a
> far more affordable, accessible, safer and reliable option.”

> **Moore** **and Lyndon** **said**: “We would like to take this opportunity to 
> thank our talented and committed team, our investors: IP Group Australia, TelstraSuper,
> Hostplus and St Baker Energy Innovation Fund, and our many key suppliers and contractors
> throughout Australia who have helped contribute to the development and flight 
> of Vertiia.”

IP Group Australia has an undiluted holding of 35.2% in AMSL Aero.

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