An aerospace startup called Electra.aero is transforming regional air mobility by developing hybrid-electric aircraft. Its cutting-edge design makes flights quieter, more effective, and emitting less emissions by fusing sustainable aviation technology with electric propulsion.
Because Electra’s aircraft are designed for short takeoffs and landings, they are perfect for underserved areas and minor airports. The future of short-haul air travel is being shaped by Electra, which prioritizes performance, accessibility, and environmental impact.
A Series B fundraising round has secured $115 million for Electra.aero. Jay Park, a co-founder and managing partner at Prysm Capital, led the new round and has joined the board of directors of Electra. In addition to Statkraft Ventures, the Virginia Innovation Partnership Corporation (VIPC), and other private investors, strategic investors include Lockheed Martin Ventures, Honeywell, and Safran.
Electra Board Chair John Langford stated, “We are thrilled to welcome Jay and Prysm to the Electra family.” “With the EL9, they have already established themselves as a vital advisor and partner as we move from prototype to product.”
Electra.aero was established in 2019 by John Langford and is based in Washington, District of Columbia, USA. Marc Allen, CEO of Electra, stated, “Our goal at Electra is to usher in a new era of aviation, a breakthrough in advanced air mobility that is both revolutionary and useful.” Opportunities to create new commercial routes, link underserved regions, and provide warfighters with whole new logistics capabilities are all made possible by the EL9 Ultra Short. We are eager to collaborate with our Prysm partners to further this aircraft’s development and set a new standard for aviation.
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