Overview

• LAT Aerospace secured $50 million in seed funding, $20 million of which was invested by Zomato co-founder Deepinder Goyal.
• The startup aims to develop low-cost short-takeoff and landing (STOL) aircraft to serve short-haul routes connecting underutilized airstrips.
• It envisions compact “air-stops” no larger than parking lots to enable walk-in, high-frequency service that bypasses traditional airport procedures.
• The company has begun recruiting aerospace engineers, systems designers and aviation enthusiasts to advance its prototype development.
• LAT Aerospace must navigate regulatory approvals, validate its aircraft technology and build passenger demand to realize its vision.