Butterfly

  • Hanwha Invests in Karem Butterfly

    South Korean industrial giant Hanwha announced on July 11 that it was investing $25M in a spin-off from Karem Aircraft, Inc., dedicated to bringing its all-electric air taxi vehicle, Butterfly, to market. The Butterfly is being developed for Uber Elevate and uses Karem’s Optimum Speed Rotor technology to power a vectored-thrust vehicle with four large rotors mounted on the wings and tail. Butterfly’s large, slow-turning rotors provide efficient...