LuftCar Announces it has Received Term Sheet for $100 Million

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LuftCar LLC, a US based hydrogen powered eVTOL aircraft developer announced that they have received a term sheet for $100 M investment from GEM Global Yield LLC SCS (“GEM”), a Luxembourg-based private equity group. The funds will be available after a public listing. LuftCar will control the amount and timing of fund drawdowns under this […]