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Overair
All-electric aerial mobility
- 101-200 employees
- B2C
- B2B
- Travel
- Transport
- Mobility
- Flights
- Electric Vehicles
- Aerospace
- Santa Ana, CA
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Company mission
Overair's mission is to move the world and improve the lives of millions of people, by bringing next generation sustainable air transportation to everyone.
46% employee growth in 12 months
Our take
Overair was spun out of respected legacy company Karem Aircraft, which has spent decades developing Vertical Take-off & Landing (VTOL) programs for military use.
Co-founded by Abe Karem, who has designed a number of aircraft including the Boeing A160 Hummingbird, Overair leverages Karem’s core technology and patents to build Butterfly, an electrified – and crucially, quiet – aircraft.
The reason volume is so important to Overair is that it’s aiming to make airborne, urban ride hailing services an everyday thing, and it’s planning on achieving this very soon. As well as developing its own consumer-facing service, the company is also hoping to sell to third party operators, from airlines to current ride hailing leaders Uber and Lyft.
There’s still a lot of work to do before Overair becomes the airborne ride hailing service it’s aiming to be. However, heavy funding from South Korean aircraft engine manufacturer Hanwha Group makes this an extremely exciting time for the company – particularly in light of South Korea’s push to commercialize urban air mobility.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical – Company provides no cost Medical coverage for employee and all dependents
- Dental & Vision – Company pays for 80% of Dental and Vision coverage for employee and 50% for each dependent
- Company-paid Life Insurance Plan
- 12 weeks of supplemental Paid Family Leave
- 401(k) plan – Employee eligible on first day of work, 6% Company-match, no vesting period
- Paid Time Off: Vacation: 4 weeks/year, Holiday: 10 days/year, Sick Time: 48 hours/year
Company values
- Mission-Driven
- Ideas over ego
- Work hard, play hard
Funding (2 rounds)
Jun 2022
$145m
EARLY VC
Dec 2019
$25m
SERIES A
Total funding: $170m
Leadership
Ben Tigner
(CEO)Served as Director of Advanced Systems Programs, Vice President, then President of Karem Aircraft Inc from 2010-2020. Was previously the Chief Engineer at Boeing Advanced Unmanned Systems.