VRM Switzerland Rebrands, Raises $20m For US Expansion
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VRM Switzerland has rebranded to Loft Dynamics and raised $20M in financing to help expand into the U.S. market.
“After many years in development, we are ready to expand Loft Dynamics to become a global company and bring our technology and training solutions to the world,” said Fabi Riesen, Co-Founder & CEO of Loft Dynamics. “This funding comes at exactly the right moment as we will be able to meet the escalating demand for flight schools and accelerate the range of aircraft types we support.”
Loft Dynamics is the world’s first and only VR full motion simulator qualified by a major aviation regulator, with European Aviation Safety Agency (EASA) authorization in May 2022 as an EASA FTD Level 3 Flight Simulation Training Device (FSTD) for the Airbus H125 (developed in collaboration with Airbus Helicopters), the most popular single-engine turbine helicopter in the world, and the Robinson R22, the most popular piston helicopter. This means that pilots can train in Loft Dynamics simulators and receive credit as though in the actual aircraft.
This is Lofts first institutional round of financing. It was led by U.S. technology investors Craft Ventures, Sky Dayton, and Up Ventures.
In a statement, the company said the moves positioned them for global expansion at a time when the pilot shortage has reached a crisis point and the need to reduce air pollution has never been more urgent.
Loft Dynamics is already serving customers such as Airbus Helicopters, Air Zermatt, Colorado Highland Helicopters, Helitrans Norway, Meravo, and Mountainflyers.
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