Altair Collaborates with Aerospace Startup Moya Aero to Develop eVTOLs

Rhea-AI Summary

Altair (ALTR) has entered into a collaboration agreement with aerospace startup Moya Aero through its Aerospace Startup Acceleration Program (ASAP). Moya Aero will utilize Altair's HyperWorks design and simulation platform to develop eVTOL and unmanned aerial vehicles. The collaboration aims to reduce product development time, decrease prototyping costs, and enhance system design efficiency. Moya Aero, founded in 2020 and based in Brazil, focuses on developing autonomous aircraft for sustainable cargo transportation, with the goal of becoming a market leader in high-capacity unmanned aerial vehicles.

Positive

• Partnership expands Altair's presence in Brazil's aerospace market
• Potential revenue growth through new market penetration in aerospace startup sector
• Strategic positioning in the emerging eVTOL and autonomous aircraft industry

Negative

• None.

Insights

Technology Industry Analyst

This partnership demonstrates Altair's strategic expansion into the emerging eVTOL market, though its immediate financial impact appears While the collaboration enhances Altair's presence in Brazil's aerospace sector, the partnership with an early-stage startup (founded 2020) suggests minimal near-term revenue contribution to Altair's $8.8B market cap.

The deal's primary value lies in positioning Altair's HyperWorks platform in the growing autonomous aviation sector. By supporting Moya Aero's development process, Altair gains valuable use cases and expertise in eVTOL design - a market projected to reach $87.6B by 2035. However, investors should note that tangible returns will likely take several years to materialize as Moya Aero works toward commercialization.

The collaboration, established within Altair's Aerospace Startup Acceleration Program (ASAP), will accelerate product development and slash prototyping costs

TROY, Mich., Nov. 13, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed a collaboration agreement with aerospace startup Moya Aero as part of Altair's Aerospace Startup Acceleration Program (ASAP). Within the agreement, Moya Aero will leverage an array of solutions in the Altair® HyperWorks® design and simulation platform and the organizations will collaborate in the development of eVTOL and unmanned aerial vehicles.

"The ASAP program aims to boost the development of startups in the aerospace and defense sector and gives enterprises access to our powerful technology solutions and specialized technical support and expertise," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "Our goal is to expand Altair's presence in Brazil and empower startups with industry-leading technology."

"Moya Aero is focused on providing an autonomous aircraft for sustainable and efficient cargo transportation," said Alexandre Zaramela, chief executive officer and chief technical officer, Moya Aero. "Our goal is to be the market leader in high-capacity unmanned aerial vehicles and boost this type of delivery in untapped markets. Altair's technology will help our team create safer, more reliable, and more efficient designs that increase our products' market competitiveness."

Moya Aero will utilize the Altair® HyperWorks® design and simulation platform to enable engineering improvements throughout the design life cycle. These tools will help the company reduce product development time, slash prototyping and testing costs, and increase efficiency of the team's system design and analysis process.

Moya Aero is an aerospace startup founded in 2020 as a spin-off from ACS-Aviation, and is headquartered in São José dos Campos, Brazil. The company's goal is to complement existing cargo delivery channels with vehicles that are more accessible, affordable, efficient, and sustainable. More broadly, the company seeks to open new opportunities in the world of logistics and develop innovative, unmanned, all-electric products.

To learn more about the ASAP program, visit https://altair.com/aerospace-startup-acceleration-program. To learn more about Moya Aero, visit https://moyaaero.com/. To learn more about Altair's aerospace capabilities, visit https://altair.com/aerospace.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts
Altair Corporate	Altair Investor Relations
Bridget Hagan	Stephen Palmtag
+1.216.769.2658	+1.669.328.9111
corp-newsroom@altair.com	ir@altair.com
Altair Europe/The Middle East/Africa	Altair Asia-Pacific
Louise Wilce	Man Wang
+44 (0)7392 437 635	86-21-5016635,,825
emea-newsroom@altair.com	apac-newsroom@altair.com

 

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SOURCE Altair

FAQ

What is the purpose of Altair's (ALTR) collaboration with Moya Aero?

The collaboration aims to accelerate product development of eVTOLs and unmanned aerial vehicles while reducing prototyping costs through Altair's HyperWorks design and simulation platform.

How will Moya Aero benefit from Altair's (ALTR) technology?

Moya Aero will use Altair's HyperWorks platform to reduce development time, cut prototyping and testing costs, and improve system design efficiency for their autonomous aircraft.

When did Altair (ALTR) announce its partnership with Moya Aero?

Altair announced its collaboration with Moya Aero on November 13, 2024.

What is the focus of Moya Aero in its partnership with Altair (ALTR)?

Moya Aero focuses on developing autonomous aircraft for sustainable cargo transportation, aiming to become a market leader in high-capacity unmanned aerial vehicles.