Santa Clara, CA – According to filings with the U.S. Securities and Exchange Commission, Armada Aeronautics is raising $4,999,997.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Yevgeniy Dukhovny played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Armada Aeronautics
Armada is a 21st century transportation company disrupting air travel with new modes of transportation. Armada develops a 0-carbon solution for modern aviation with innovations in software and hardware. Traffic paralyzes cities, wasting 2 weeks a year from an average commuter, and waiting 52 billion gallons of gasoline per year, and billions of dollars lost in delivery delays. As number of cars increases while a size of the road does not, we end up with a problem of trying to put more throughput through a same size pipe. There is a $500 billion in US and $4 trillion global opportunity to solve the problem of automobile becoming an ineffective transportation. Armada develops a modern solution for the urban and rural transportation fitting the needs of the 21st century city and traffic. Armadas solution is environment friendly, accessible to most population, can be integrated in todays infrastructure. This solution became available with the modern software techniques as well as advances in microhardware.

To learn more about Armada Aeronautics, visit http://armadaaero.com/

Contact:
Yevgeniy Dukhovny, President and Chief Executive Officer
650-793-5973

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved