Under the Radar: Supernal on agreements with EDB, CAAS and the role of Singapore in building an ecosystem of support infrastructure, creating regulatory frameworks for urban air mobility networks

Money Matters with Hongbin Jeong and Chua Tian Tian

We’re going to take you to the skies today, not by using a plane but by getting you to hop on a flying car instead!

Announced in 2021 as an evolution of Hyundai Motor Group’s urban air mobility business, our guest Supernal is on the quest to develop an electric vertical take-off and landing (or eVTOL) vehicle, as well as the accompanying ground-to-air ecosystem to support the emerging industry.

The company prides itself as harnessing world class manufacturing, automation, supply chain and R&D expertise to make what it calls the new and efficient transportation option widely accessible in the coming decades.

What that means to the firm, is that it is focused on building the right product and market fit, more so than rushing to be the first to market.

To this end, the company had in January unveiled its electric vertical take-off and landing vehicle concept at one of the largest technology events globally, the 2024 Consumer Electronics show.

It was also at the sidelines of this event that the company said it would commercialise the S-A2 aircraft by 2028 in South Korea and the US. So when will the vehicles be commercially available in Sunny Singapore?

Speaking of Singapore, Supernal had in February this year inked agreements with the Singapore Economic Development Board and the Civil Aviation Authority of Singapore to further develop advanced air mobility capabilities and expertise in both Singapore and Asia Pacific.

But what can we expect from both sides when it comes to creating regulatory frameworks in the nascent industry and building an ecosystem of support infrastructure for urban air mobility networks?

And how important is Singapore as both a demand market and a testbed for Supernal given its population density?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Diana Cooper, Chief Partnerships and Policy Officer, Supernal.

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