Creatd, Inc. to Acquire Flewber in $7.5 Million Deal, Positioning Creatd at the Forefront of the $28.5 Billion Regional Air Mobility Sector

Rhea-AI Summary

Creatd Inc. (OTC: CRTD) has announced the acquisition of Flewber Global Inc. in a $7.5 million deal, positioning itself in the $28.5 billion regional air mobility sector. Flewber offers on-demand air travel starting at $199, utilizing AI technology to optimize routes and streamline booking processes.

The acquisition is projected to contribute $3-4 million in annual revenue for fiscal year 2025, with expectations reaching $10 million in 2026. Flewber currently operates in the NYC metro area using Cirrus Vision Jets, with planned expansions to Florida, Las Vegas, and Dubai. The platform leverages over 5,000 underutilized regional airports in the U.S., offering an alternative to traditional transportation methods.

This strategic move is expected to accelerate Creatd's plans to uplist to a national exchange in 2025, while strengthening its position in a market projected to grow to $115 billion by 2035.

Positive

• Acquisition adds $7.5 million in net equity to Creatd
• Projected revenue contribution of $3-4 million in FY2025, increasing to $10 million in 2026
• Entry into $28.5 billion regional air mobility market with immediate commercialization advantage
• Strategic positioning for uplisting to national exchange in 2025

Negative

• Significant capital investment required for expansion to new markets
• Operating in highly competitive transportation sector with established alternatives
• Current OTC listing status may limit institutional investment potential

• Revolutionizing Short-Distance Air Travel: Flewber offers affordable, on-demand air travel, redefining how consumers and businesses approach short-distance travel.
• AI-Powered, On-Demand Air Travel at $199: Flewber leverages cutting-edge AI to optimize routes, streamline booking, and provide seamless, affordable short-distance flights.
• Expanding Market Opportunities: Creatd enters the $28.5 billion Regional Air Mobility sector, leveraging Flewber's first-mover advantage.
• Boosting Financials: The acquisition adds $7.5 million in net equity and is projected to contribute $3–4 million in annual revenue for fiscal year 2025, with 2026 projections reaching $10 million as Flewber expands into new U.S. markets and global destinations.
• Advancing Growth Strategy: This transaction accelerates Creatd's plans to uplist to a national exchange in 2025.
• Scaling Operations Globally: Starting in NYC, Flewber plans to expand to Florida, Las Vegas, and Dubai, creating a global footprint.

NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Creatd, Inc. (OTC: CRTD), a diversified holding company driving innovation and growth through strategic acquisitions, will acquire Flewber Global Inc., a 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.

Making the Future of Air Travel a Reality Today

Flewber's innovative platform unlocks the potential of over 5,000 underutilized 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 travelers across key regional routes, including NYC to the Hamptons, Hartford to MetLife Stadium, and White Plains to Mohegan Sun.

Flewber's fleet utilizes 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 revolutionizing 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.

A Game-Changer for Businesses and Consumers

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 commercializing 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."

About Creatd, Inc.

Creatd, Inc. (OTC: CRTD) is a diversified holding company focused on strategic acquisitions of high-growth companies. Creatd integrates innovative business models to drive long-term value and accelerate growth. The company aims to increase shareholder value by identifying and expanding disruptive technologies across industries.

About Flewber Global Inc.

Flewber Global Inc. is transforming short-distance air travel with its on-demand, eco-friendly flight service. Using the Cirrus Vision Jet, Flewber offers an affordable, efficient alternative to ground transportation. Operating in the New York metro area with plans to expand to Florida, Las Vegas, and Dubai, Flewber is leading the $28.5 billion regional air mobility sector.

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SOURCE Creatd, Inc.

FAQ

What is the value of Creatd's acquisition of Flewber Global Inc.?

Creatd (CRTD) is acquiring Flewber Global Inc. in a deal valued at $7.5 million.

How much revenue is Flewber expected to generate for Creatd (CRTD) in 2025?

Flewber is projected to contribute $3-4 million in annual revenue for Creatd's fiscal year 2025.

What is the starting price for Flewber's on-demand flights?

Flewber offers on-demand flights starting at $199.

Which markets is Flewber planning to expand into after NYC?

Flewber plans to expand from NYC to Florida, Las Vegas, and Dubai.

How will this acquisition affect Creatd's (CRTD) exchange listing plans?

The acquisition is expected to accelerate Creatd's plans to uplist to a national exchange in 2025.

What type of aircraft does Flewber use for its services?

Flewber utilizes Cirrus Vision Jets, which are equipped with advanced safety features including auto-landing capabilities and a built-in parachute system.