SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Investing in Exponential Growth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul H. Christiansen12/13/2016 5:10:24 AM
   of 1084
 
JetSmarter Raises $105 Million for Uber-Like Services in the Sky



JetSmarter, which operates an Uber-like network that connects travelers to empty seats on chartered planes, raised $105 million in its latest funding round, indicating that the startup has managed to make the concept work where others have failed.

The company, which currently offers about 50 routes between more than 30 cities around the world, plans to use the cash injection to expand into Asia, South America and Africa, said founder and Chief Executive Officer Sergey Petrossov. His goal is to add another 80 routes within the next year.

JetSmarter’s ride-sharing model offers empty seats on privately chartered planes to other passengers, helping lower costs and in theory attract more customers. Traditionally, 35 percent of private jets fly empty, according to Petrossov, which made the system highly inefficient and expensive.

bloomberg.com

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News