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Singapore-headquartered advanced aerial mobility company, H3 Dynamics Holdings, has completed its US$26 million Series B investment round led by Japan’s SPARX Mirai Creation Fund (backed by Toyota Motor and SMBC).

Singapore’s EDBI, ACA investors, Capital Management Group, the Grosvenor Group, Audacy Ventures, Ascent Hydrogen Fund, and French strategic investors ATEQ also joined the round.

“Our investors recognise that this is a long journey and that we must first address our immediate markets while solving key technical and regulatory challenges before adding more complexity,” said H3 Dynamics founder and CEO Taras Wankewycz.

In June 2019, e27 reported that the startup was in the process of closing a US$16 million Series B round, led by SPARX Mirai Creation Fund.

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