TOFF MOBILITY
Electric aircraft operator for Asian tourism and logistics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
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TOFF MOBILITY is a South Korean startup, founded in July 2023 by CEO Jung Chan-young, aiming to pioneer the electric aircraft industry in Asia. Jung's background includes approximately 10 years in the aviation industry, with 6,000 hours of flight time and experience in the Urban Air Mobility (UAM) strategy sector. This experience informed his confidence in the business potential of an electric airline.
The company operates as a comprehensive solution service provider for future air mobility, focusing on sustainable and eco-friendly aviation. Its business model encompasses several pillars: operating electric aircraft for tourism and logistics, distributing electric planes, and providing integrated solutions including maintenance, operational optimization, charging infrastructure, and fire prevention systems. TOFF MOBILITY plans to launch tourism and logistics services in the second half of 2024, using EASA-certified electric aircraft like the Pipistrel Velis Electro. The company's strategy involves a phased expansion, targeting regional services to locations like Ulleung Island and Jeju Island by 2026, with the long-term goal of expanding into the broader UAM industry and international services by 2030.
TOFF MOBILITY is positioning itself to address key industry challenges such as carbon emissions, noise pollution, and high operational costs associated with conventional aircraft. By utilizing battery-powered planes, the company expects to offer a more cost-effective and environmentally friendly service. The startup has secured seed funding from investors including Sopoong Ventures, Next Dream Angel Club, and the Gangwon CCEI to support its research and development and fleet expansion. It has actively collaborated with global electric aircraft companies and is involved in a pilot project with the South Korean Ministry of Land, Infrastructure, and Transport.
Keywords: electric aircraft, sustainable aviation, air mobility, South Korea, UAM, AAM, aviation logistics, eco-friendly tourism, aircraft distribution, regional air mobility, aviation maintenance solutions, carbon-zero tourism, Pipistrel, future air mobility, aviation infrastructure, Jung Chan-young, electric aviation services, Asian aviation, flight training, cargo services