ZEVA Aero announced that it has acquired assets through a merger with FabLab LLC.
The merger gives ZEVA Aero ownership and access to materials such as 3D printers capable of printing carbon fiber composites, CNC machines, electrical and electronics lab equipment, and more. ZEVA will also gain revenue from existing manufacturing jobs and will take over the leasehold of the facility, according to a release.
FabLab Nonprofit was formed in 2018 to provide STEAM (science, technology, engineering, art, and math) education opportunities to underserved youth in the greater Tacoma area, and is where ZEVA Aero was first formulated. ZEVA Aero was conceived in 2005 and incorporated in 2018 as an early pioneer of electric personal air vehicles.
Their first vehicle, Zero, is envisioned to transform the transportation landscape for first responders and emergency services, according to the release.
“ZEVA Aero remains laser-focused on being the premier developer of personal flying vehicles,” said Stephen Tibbitts, CEO, in the release. “This acquisition ensures that we have the tools, equipment, and facilities to continue our endeavor.”
To learn more, please visit the ZEVA Aero website.