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.
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.”