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FLYING WHALES closes its third round of financing for €122 million

Commuiqué de presse - 30/06/2022

FLYING WHALES closes its third round of financing for €122 million, to design a new industrial era of low-carbon cargo transport

Suresnes, June 30, 2022 - FLYING WHALES, the French company behind the major industrial program LCA60T (the development of a heavy-lift airship solution and its operating ecosystem), welcomes funding
from the French government - via French Tech Souveraineté, which is part of the France 2030 program led by the General Secretariat for Investment (attached to the Prime-Minister’s Office) and operated by
Bpifrance - and the Principauté de Monaco, via the Société Nationale de Financement. This 122 millioneuro-round of financing, which was also carried out with historical shareholders including the Quebec
government, via Investissement Québec, will enable the company to finalize its aeronautics program....