Aircraft manufacturer PM&E, Inc. (OTC PINK: PMEA) has secured a USD 10m dollar funding package through GPL Ventures, LLC to support the company´s aggressive growth and expansion plans, the company said.
According to PM&E´s CEO, the new funding will allow completion of a semi-automated manufacturing plant.
GPL Ventures is an alternative investment manager focused on investing in early-stage and middle-market companies.
PM&E is an aircraft company with a contracted manufacturing facility located in Sousse, Tunisia. The company is in the process of implementing a modern manufacturing plant in Tunisia and securing a facility for aircraft assembly in Wyoming. The company manufactures their signature line of EVADA Aircraft. Through a strategic partnership, DiNelly EXOGYRO also manufactures their commercial ultra-light gyrocopters at the same facility in Tunisia creating synergies and cost savings for both companies through a shared resources and revenues agreement.