Hybrid Air Vehicles Ltd joins London Stock Exchange Group’s ELITE
ELITE is LSEG’s international business support and capital raising ecosystem for ambitious and high quality companies
Over 100 UK companies make up the 750 strong international ELITE community of companies, advisers and investors
Hybrid Air Vehicles joins this prestigious programme today as part of the preparation for a potential IPO
An independent market study has estimated a $50 billion market for hybrid aircraft, and Hybrid Air Vehicles is the clear market leader
Hybrid Air Vehicles’ Airlander is the largest aircraft in the world. Its low carbon, ultra-endurance gives it a range of capabilities across civil and defence markets and a huge range of customer interest
Hybrid Air Vehicles (HAV) today joins London Stock Exchange Group’s international business support and capital raising ecosystem, ELITE. Umerah Akram, Head of ELITE UK welcomed HAV along with the other new ELITE company CEOs to open trading on London’s markets this morning.
Stephen McGlennan, CEO of Hybrid Air Vehicles:
“As an innovative SME that has grown to over 100 employees in the last few years, it was a privilege to represent all of us at the opening bell of the London Stock Exchange today, and we are looking forward to the day we list ourselves. Today is a very important milestone in the commercialisation of our business.”
Hybrid Air Vehicles has benefited from a number of significant UK and EU Government grants and is proud to be part of the GREAT Britain campaign, showcasing Britain’s leading position in innovative manufacturing and cutting-edge aerospace technology. It has raised over £3 million through equity crowdfunding from 2000 investors.
“This creates a clear pathway for our shareholders to realise a return on their investment, and should add value to our company in many ways,” said Chris Daniels, Head of Partnerships at Hybrid Air Vehicles.
Umerah Akram, Head of ELITE UK, London Stock Exchange:
“I’m excited to present the latest group of UK companies to join ELITE, a clear demonstration of the country’s ability to grow great businesses. These companies drive innovation, employment, and create opportunities for us all.
“ELITE is committed to giving the British business stars of the future the very best chance to succeed, providing them with access to appropriate expertise and capital. It is a unique, strong community of the best and most dynamic entrepreneurs, advisers, investors and business school academics from the UK, Europe and around the world.”
ELITE is a full-service programme designed to help ambitious companies prepare and structure for the next stage of growth through the access to long term financing opportunities. It is a unique offering for scale-ups across Europe and beyond, providing a comprehensive training programme and extensive access to the business and financial community. The ELITE Club Deal private placement platform, launched earlier in 2017, will also help streamline the capital raising process for ELITE companies.
For further information on the programme, companies and the full list of partners, please go to: www.elite-growth.com
About Hybrid Air Vehicles Ltd
Founded in 2007, Hybrid Air Vehicles is the company behind the innovative Airlander range of hybrid aircraft. They utilise new aerospace technology that combines the best of the characteristics of fixed wing aircraft and helicopters with lighter-than-air technology to create a new breed of hyper-efficient aircraft, with a significantly lower carbon footprint and operating cost than other forms of air transport.
Airlanders are low noise, low pollution, and are environmentally-friendly. They have ultra-long endurance, and a point-to-point cargo-carrying capacity. They can take off and land in a short distance from unprepared sites in desert, ice, water, or open field environments. Hybrid Air Vehicles has been awarded both UK and European grant funding to support the Airlander project. In addition the company has carried out two ‘crowdfunding’ rounds and is proud to have more than 2000 shareholders without whom return to flight would not have been possible.
The Airlander project was selected for funding through a dedicated SME Instrument of Horizon 2020, which the European Commission uses to invest in and support high growth and highly innovative small businesses. The technology is also fully in line with activities under the Smart, Green and Integrated Transport Societal Challenge of Horizon 2020, which aims to boost the competitiveness of the European transport industries and achieve a European transport system that is resource-efficient, climate-and-environmentally-friendly, safe and seamless for the benefit of all citizens, the economy and society.
Airlander 10 is designed to stay airborne for up to five days at a time to fulfil a wide range of communication and survey roles, as well as cargo carrying and tourist passenger flights.
Please visit http://www.hybridairvehicles.com/about-us/invest-in-us for more details about investment opportunities.
Please visit www.hybridairvehicles.com and Hybrid Air Vehicles on Facebook, on Twitter, on LinkedIn and on Instagram.
For images, please visit www.hybridairvehicles.com/news-and-media/press/image-downloads.
For general media enquiries, contact Chris Daniels, Head of Partnerships and Communications at email@example.com or on 01234 336415.