Can Mirai Flights make it easier to book a private jet? Its new investors think so

Private jets were one way for the rich and famous to avoid traveling with the potentially infectious plebian classes. There is still a market for tech companies to enter this industry. The market is growing because there are more wealthy people around.

Xploration Capital led a $3 million investment round for the London-based service for instant booking of charter flights. The funds will be used to scale the service in the UK, Europe, United Arab Emirates, and the Commonwealth of Independent States. Georgia is where Mirai came from.

The app is available in 63 countries. Mirai uses a last-mile model, matching supply and demand, and using empty flight legs to reduce carbon emissions of flights by making it more efficient to return a jet to its base location. If you can afford it, you can book a flight for up to $300,000 in one click.

Irakli Litanishvili, co-founder and CEO of Mirai Flights said in a statement: “We estimate that the market for commercial flights on private aircraft is up to 300,000 flights a year or approximately $10 billion in the UK and Europe. Our aim is to cover 4% of this market and provide up to 12,000 commercial flights per year in the UK and Europe in 2023, connecting 150 private jets to the app with the expected turnover of $240 million.”