Flying-Taxi Startup Skyports Wins Funding From ST Engineering

Skyports Ltd., which builds takeoff and landing sites for flying taxis, drew investment from Singapore Technologies Engineering Ltd. amid plans for a terminal in the city for airborne electric cabs.

Aerospace company ST Engineering is the final investor in a Series B capital raise and takes the latest round of fundraising to $26.1 million, Skyports said Tuesday. The first Series B round in March raised $23 million.