[4][5] In September 2020, Surf Air Mobility secured a commitment for $200 million in funding from Global Emerging Markets Group (GEM).

[13] In July 2021, Surf Air Mobility announced that it has entered into an exclusive relationship with Textron Aviation in which Textron Aviation will support Surf Air Mobility's development of an electrified Cessna Grand Caravan, beginning with a hybrid electric Cessna Grand Caravan aircraft.

[14][15] Surf Air Mobility has agreed to purchase up to 150 Cessna Grand Caravan EX single-engine turboprops,[16] with an initial fleet order of 100 aircraft and an option for 50 more.

[20][21][22] As part of Surf Air Mobility's debut on the stock market, it completed its acquisition of Southern Airways Express in August 2023.

[24] In May 2024, Surf Air Mobility began scheduled commuter service between West Lafayette (Purdue University) and Chicago O’Hare.