Small Air Taxi Operator Looks To Fund Growth

Hopscotch Go Corporation, the parent company of Northeast U.S.-based private lift provider Hopscotch Air, has filed a Regulation A Offering Circular with the U.S. Securities and Exchange Commission to raise capital to fund its future growth. The Regulation A measure allows companies to offer and sell their securities without having to register the offering with the SEC.

“This offering has the potential to transform our business and allow us to scale the company so that a larger market can experience our unique air taxi business,” said Hopscotch CEO Andrew Schmertz.

Launched in 2009, Hopscotch holds an FAA Part 135 certificate and provides flights from bases in New York’s Long Island, at Westchester County Airport, and from Boston using a fleet of three Cirrus SR-series aircraft. A fourth and fifth are due for delivery in the first half of the year, and the company is in negotiations to purchase two more.

“We’ve demonstrated the value of our service by providing safe, regional transportation at prices as much as two-thirds below traditional charter,” explained Schmertz.

Hopscotch—which will apply for ticker symbols on the FINRA and OTC markets—is awaiting approval of its offer by the SEC so it can begin accepting investments. It intends to use proceeds of the capital raise to expand its fleet, increase its pilot staff, and develop AI technology to improve its efficiency. Additionally, Hopscotch plans to grow its relationships with eVTOL manufacturers because it sees synergies in its business plan with that of the advanced urban mobility model.