Australia-based electric aviation company FlyOnE has signed a letter of intent to purchase 30 Smartflyer SF-1 aircraft. This comes after the completion of FlyOnE's first retail investment offer via CSF platform Birchal, where the company raised significant retail investments at the share price of $3.00, giving it a market capitalisation of AUD$57 million (US$39m).

FlyOnE has established itself as a pioneer in electric aviation market deployment with over 1,700 electric air passenger movements and 1,000 electric flights completed in its growing fleet of electric aircraft. The company's commitment to reducing carbon emissions and promoting sustainable travel aligns perfectly with Smartflyer's mission to revolutionise the aviation industry with a highly capable, versatile, everyday-use electric aircraft for passenger transport, logistics, private use and pilot training.

The Smartflyer SF-1 will be capable of fully electric passenger and cargo missions, with range extension options of up to 800km or five hours of endurance, with mission-tailored powertrain configurations using the interchangeable energy module in the nose. These include hybrid SAF range extension that can be connected by the pilot in less than 15 minutes and even a hydrogen fuel cell variant.

These broad design characteristics meet emissions-free targets for short-range missions as well as catering to Australia's unique longer-range requirements, and to reach between islands and remote areas where charging infrastructure is not readily available in all APAC regions.

FlyOnE has established Australia's electric aircraft charge node network with five sites already active in two Australian states and over 40 additional vertiport and runway sites with integrated renewable energy capture and storage in the pipeline to service the growing demand of electric aviation services on the sun-drenched continent.

FlyOnE CEO and founder Korum Ellis states: “The Smartflyer aircraft is uniquely suited to address Australia's geographical aviation challenges, while still offering the lowest impact energy sources for our sustainable future. We're excited to bring this amazing aircraft to the APAC region to shape the future of air transport and aviation solutions for the growing low-altitude economy.”

Smartflyer CEO Rolf Stuber says: “We are excited to partner with FlyOnE, a company that shares our vision for a more sustainable aviation industry. This collaboration will not only benefit our two companies but also contribute to the global efforts towards reducing carbon emissions and promoting sustainable travel.”

The 30 Smartflyer SF-1 aircraft purchased by FlyOnE will be used for both commercial and private flights, integrating to FlyOnE's current Australian operations and servicing growing international segments of the business in the broader APAC region.