The Denver based company XTI Aircraft says it has signed an initial agreement with a potential lead investor in its $25 million Series B funding round. If closed, the funding deal will support development of the startup’s TriFan 600 hybrid-electric vertical-takeoff-and-landing business aircraft. The TriFan 600 will have the speed, range and comfort of a business jet and the ability to take off and land vertically, like a helicopter. Using three ducted fans, the TriFan 600 lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 30,000 feet and cruise to the destination as a highly efficient business aircraft. The TriFan 600 will incorporate advanced safety features, including autopilot and computerized controls for takeoff and landing.