Hanwha Group completed a $145m investment in Overair.

Hanwha Group, a large business conglomerate in South Korea, completed a $145m investment in Overair, an electric vertical takeoff and landing vehicle company. "This is a tremendous milestone for our growing team, and we're extremely well positioned to deliver sustainable aerial ridesharing to the world through the development of Butterfly. We're exactly where we want to be, building a superior aircraft company with class leading mobility technology around an unrivaled aircraft while rapidly approaching the first flight of a purpose-built prototype next year. We've proven Butterfly's propulsion system, so we'll now begin validating Butterfly's ability to operate safely in real-world weather conditions, carry significant payloads, and fly incredibly quietly," Ben Tigner, Overair CEO.