News

A First Glimpse Of Dubai’s Air Taxis Flying Past Local Landmarks

The city’s first vertiport will be close to Dubai International Airport and connected to the Emirates Metro Station.

Published

1 year ago

February 13, 2023

Nour Nasir

a first glimpse of dubai's air taxis flying past local landmarks

Dubai Media Office

Once the preserve of science fiction movies, air taxis are being tested in cities worldwide, with Dubai’s own service set to take to the skies by 2026. With the taxis becoming a realistic prospect for the tech-focused city, the Government of Dubai Media Office has just released several artist impressions of the aircraft in action.

The photo-realistic depictions give a flavor of what tourists and locals will see as they queue at one of Dubai’s four vertiports before speeding between Downtown Dubai near the Burj Khalifa to Dubai Marina, the International Airport, and Palm Jumeirah.

A Look At Dubai’s First Vertiport

The first vertiport will be located near the Dubai International Airport, with the roof acting as a terminal for the aerial passenger vehicles. Tourists and business fliers will be able to access the vertiport using an air-conditioned bridge connecting the Emirates Metro Station.

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Comprising two levels of car parking, the vertiport is revealed as having a futuristic design with accommodation for four taxi stands and two landing areas. As well as a waiting area for passengers, the transport hub will have plenty of electric charging stations and integrate seamlessly with the rest of Dubai’s planned next-generation infrastructure.

The Aircraft

Unveiled at the World Government Summit, the sky taxis are all-electric, vertical take-off and landing (eVTOL) vehicles capable of 300 kmph. The craft can whisk four passengers across the city and boast an impressive range of 241 km.

The Red Tape

The RTA is working closely with Dubai Air Navigation Services and the Civil (and General) Aviation Authority to ensure high standards and safety levels for the planned air taxis service.

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According to Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, the project consists of two main stages:

“The operation is composed of crucial elements. They include a detailed negotiation with a multitude of companies active in this field, signing of commercial agreements [and the] development of the necessary infrastructure and the highly anticipated roll-out of the service.

“The second stage involves identifying a potential partner for investing in the infrastructure needed to introduce autonomous aerial taxis to Dubai’s skies. At present, commercial negotiations are in progress with the most promising and specialized investors globally in the realm of air mobility to construct the requisite infrastructure,” says Mattar Al Tayer.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.