M&A Deal Summary

Surf Air Mobility Acquires Ampaire

On February 18, 2021, Surf Air Mobility acquired aerospace company Ampaire

Acquisition Highlights
  • This is Surf Air Mobility’s 1st transaction in the Aerospace sector.
  • This is Surf Air Mobility’s 1st transaction in the United States.
  • This is Surf Air Mobility’s 1st transaction in California.

M&A Deal Summary
Date 2021-02-18
Target Ampaire
Sector Aerospace
Buyer(s) Surf Air Mobility
Deal Type Add-on Acquisition

Target

Ampaire

Hawthorne, California, United States
website
Ampaire is a developer of practical and compelling electric aircraft. Ampaire is upgrading existing passenger aircraft to electric power—the quickest and most capital-efficient approach to making commercial electric air travel a reality. Ampaire is based in Hawthorne, California.

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Buyer(S) 1

Buyer

Surf Air Mobility

Hawthorne, California, United States

website

Category Company
Sector Aerospace
Revenue 101M USD (2022)
DESCRIPTION

Surf Air Mobility is an electric aviation and air travel company expanding the category of regional air travel and reinventing flying through the power of electrification. The company intends to develop powertrain technology with its commercial partners to electrify existing fleets, bringing electrified aircraft to market at scale in an effort to substantially reduce the cost and environmental impact of flying. Surf Air Mobility is based in Hawthorne, California.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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