News Release

Creatd, Inc. to acquire Flewber in $7.5 million deal, positioning Creatd at forefront of $28.5 billion regional air mobility sector

Creatd, Inc., a diversified holding company driving innovation and growth through strategic acquisitions, will acquire Flewber Global Inc., a US leader in short-distance air travel. Valued at $7.5 million, this acquisition positions Flewber to transform the future of regional air mobility by bringing affordable, on-demand flights to consumers and businesses.

Flewber's innovative platform unlocks the potential of over 5,000 underutilised regional airports in the U.S. alone, offering an alternative to driving, rideshares and trains. With flights starting at just $199, Flewber's services connect travellers across key regional routes, including NYC to the Hamptons, Hartford to MetLife Stadium, and White Plains to Mohegan Sun.

Operated under the Part 135 certificate of Ponderosa Air, its wholly-owned subsidiary, Flewber utilises the Cirrus Vision Jet, an eco-friendly aircraft equipped with advanced safety features, including auto-landing capabilities in emergencies and a built-in parachute for the entire plane. These features ensure a safe and sustainable travel experience while revolutionising short-distance air mobility.

"Flewber isn't just about reimagining air travel, it's about making it accessible and practical today," said Marc Sellouk, CEO of Flewber. "We're turning the concept of urban air mobility into a reality by leveraging existing infrastructure and cutting-edge technology to save people time and money."

Flewber's current operations in the NYC metro area will soon expand to Florida, connecting cities like Boca Raton and Fort Lauderdale. The company also plans to launch in Las Vegas and Dubai, bringing its revolutionary air mobility model to a global audience.

With the regional air mobility market projected to grow to $115 billion by 2035, Flewber's acquisition strengthens Creatd's position in this high-growth sector. The deal enhances Creatd's financials and aligns with its strategy to build a portfolio of transformative companies that redefine their industries.

"This acquisition is a perfect fit for Creatd's vision of building a portfolio of transformative companies," said Jeremy Frommer, CEO of Creatd. "While companies in the regional mobility space like Joby and Archer already have fancy multi-billion valuations, they are nonetheless years away from commercialising their technology. Flewber is already flying and is becoming a leader in the regional air mobility space. By integrating Flewber's services with Creatd's expertise in media, marketing and technology, we're setting the stage for unprecedented growth and opportunities in the years ahead."