BrazilRiskSphere supported sustainable aviation company Cormorant with strategy
Cormorant is an innovative aviation company is preparing for takeoff with a strong business strategy hedging on decarbonization. Consultancy firm RiskSphere played a key role in helping Cormorant advance its vision for manufacturing electric aircraft by developing a solid strategy.
Cormorant is a Dutch company that develops versatile, electric short takeoff and landing (STOL) aircraft. This bold venture is seeking working on developing the world’s first electric amphibious aircraft (able to land on both land and water).
The company, headquartered in Hilversum, is working on developing an 8-seater aircraft that could transform transportation economics for remote communities worldwide. Its aircraft can also help connect cities, with cruising speeds reaching up to 390 kilometers per hour, faster than trains are able to travel.
RiskSphere stepped in to help Cormorant convert their ambitious vision into a robust strategy that could to attract investment. The aim was to bring more clarity and build momentum for a very promising business that puts sustainability first.
One main focus was to better structure revenue streams, while also laying out the company’s funding needs and making a clear plan for certification and scaling up. RiskSphere worked to create a strong business case that relied on credibility, feasibility, and purpose.
“Working with Cormorant wasn’t simply about helping a startup sharpen its model, it was about enabling a vision that connects people, places, and purpose,” said Flavia Loner, senior consultant at RiskSphere.
“We believe Cormorant has the potential to rewrite the rules of accessibility and sustainability in aviation. In addition, we believe the focus on social inclusion aligns with our work in Africa and RiskSphere’s purpose.”
There is great potential for the aircraft that Cormorant is developing. Designed to go short distances very quickly, they could unlock a new era of emissions-free island hopping in the Caribbean or across hard-to-access areas in other regions. That could be big for sectors like sustainable tourism or even in healthcare applications.
“Working with RiskSphere has been instrumental in transforming our vision into a robust, actionable strategy,” said Chris Rijff, CEO of Cormorant. “Their expertise helped us navigate the complexities of our business model, funding, and market entry, enabling us to focus on what matters most: connecting communities sustainably and inclusively.”
With both civilian and military aviation industries rapidly innovating, STOL aircrafts are becoming big business and there are many startups looking to bring the next big success to market. Take for example Electra, a US company developing a (non-electric) hybrid STOL passenger aircraft. The company raised $115 million in Series B funding in April, gaining backing from private equity firm Prysm Capital. In this industry, it seems the sky is the limit.
