Company Research Report: LUCY

Company Overview

Name

LUCY

Mission of the Company

LUCY aims to offer fast, easy, and sustainable travel solutions for business travelers within Europe by providing zero-emission travel options, facilitating travel from anywhere to everywhere in Europe through a network of regional connectivity.

Founded

Year: 2022

Founders: Teun Kraaij

Key People

Teun Kraaij: Founder

Thijs Bosgoed: Co-founder and Head of Partners & Network

Jessica Lau: Head of Growth

Rono Dutta: Newly joined aviation icon, ex-President United Airlines and IndiGo

Headquarters

Location: Nieuwe Gracht 13, Haarlem, Noord-Holland, Netherlands

Number of Employees

Range: 2-10 employees

Revenue

Information Not Available

What the Company is Known For

LUCY is known as Europe’s first all-electric airliner, offering fully sustainable business travel experiences with zero emissions.

Products

What Products Do They Offer

Electric Regional Air Mobility Services

High-Level Description of the Product

LUCY offers fully electric passenger flight services designed for regional connectivity within Europe. Their service aims to provide seamless door-to-door travel experiences by integrating flights with other sustainable transport modes.

Key Features of Each of the Products

Zero Emission Travel: Utilizing electric planes to ensure no emissions.

Regional Network: Connection through a network of regional airports for efficient travel.

Door-to-Door Experience: Integrated first and last-mile services for an end-to-end travel solution.

Noise Reduction: Electric planes contribute to less noise pollution compared to conventional airplanes.

Comfortable Travel: Aiming to provide a comfortable and enjoyable travel experience.

Recent Developments

Recent Developments in the Company

Partnership with Maeve Aerospace: Signed a Letter of Intent to purchase 10 Maeve 01 full-electric aircraft.

New Products Launched

Maeve 01 Full-Electric Aircraft: Introduction of new aircraft to their fleet as part of their expansion strategy.

New Features Added to Existing Products

No information available

New Partnerships

Maeve Aerospace: Significant partnership to acquire Maeve 01 full-electric aircraft.

Transavia Ventures: Investment received from Transavia Ventures to promote sustainable electric flying.

EY Collaboration: Conducted a Life Cycle Analysis to evaluate and optimize CO2 emissions of electric planes.

Significant Investments

Secured funding from Transavia Ventures to further their mission towards sustainable travel solutions.

Industry Participation

Electric Flying Connection (EFC): Joined EFC and Groeifonds application to foster innovation in electric aviation.

18 Aviation and Mobility Partners: Agreed to support the introduction of electric Regional Air Mobility.

Key Media Mentions

EY Ripples Life Cycle Analysis: Analysis to understand and compare emissions of electronic planes against conventional planes and trains.

VPRO Tegenlicht Feature: Highlighted as part of the 'Mobility of the future'.

This comprehensive report provides insights into LUCY’s mission, product offerings, and notable developments, positioning them as a pioneering company in sustainable air travel within Europe.