Lygg

Overview
News
Travel Tech?
Product stageSegments
Seed
?
B2B travel solutions
?

Lygg, a Finland-based company, offers door-to-door air mobility services, focusing on locations that are not well-served by commercial carriers but have enough corporate client travel demand to justify a route. The company aims to reduce cost, time, stress, and carbon emissions associated with business travel by providing direct flights and Tesla airport transfers. Lygg asserts that its service can save up to 87% of travel time and decrease a corporation's travel emissions by up to 75%.

Lygg's platform, which includes both hardware and software, operates a fly-MaaS business (mobility-as-a-service with a flying component). The platform's value lies in its ability to deploy, optimize, and right-size aircraft assets according to demand, leading to environmentally friendly travel solutions. Lygg commits to sustainability by overcompensating for emissions and plans to adopt zero-emission flights with electric airplanes or other aviation clean tech innovations in the future.

The company aims to transform Europe into a single commuter area, offering door-to-door travel time of less than two hours with zero emissions. All of Lygg’s flight operators hold a European Union Aviation Safety Agency (EASA)-approved Air Operator Certificate (AOC), ensuring the highest safety standards. The company uses small local airports to reduce travel time and total costs.

Lygg's service includes chartering planes and delivering optimal assets and solutions for each mission. The company finds the right aircraft and price from a global fleet of over 7,000 aircraft, with capacities ranging from six-passenger executive aircraft to over 500-passenger group charters. Lygg audits the operators to ensure the highest standard of safety and comfort.

Users can access Lygg's services by downloading the Lygg app, creating an account, and booking a flight. Companies can also become contract clients. Lygg generates revenue through ticket sales, with prices ranging from EUR 300 to EUR 490 (~USD 330-535) per ticket, depending on the number of tickets purchased.

Key customers and partnerships

Key customers include the JW Marriott Group.

Competitors: None (The product offering is unique; Lygg offers travel emission saving B2B travel routes for routes not well-served by commercial carriers.)

HQ location:
Karhumaentie 3 Vantaa, Finland Vantaa FIN
Founded year:
2020
Employees:
1-10
IPO status:
Private
Total funding:
USD 3.4 mn
Last Funding:
USD 1.2 mn (Seed; Jun 2023)
Last valuation:
USD 5.6 mn (Dec 2022)
Key competitors
 
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