What does Electra.aero do?
Electra.aero is an advanced aerospace company developing hybrid-electric Ultra Short aircraft. Their innovative aircraft combines the vertical takeoff and landing capabilities of a helicopter with the efficiency and safety of fixed-wing design, enabling it to operate in challenging environments with minimal noise and emissions.
How much did they raise?
The company secured $115M in Series B funding, led by Prysm Capital with participation from strategic investors including Lockheed Martin Ventures, Honeywell, and Safran, as well as Statkraft Ventures and the Virginia Innovation Partnership Corporation.
What are their plans for the money?
Electra.aero intends to use the funds to enter the pre-production and certification phase of its flagship EL9 aircraft. The new capital will drive the development of solutions that could revolutionize urban air mobility, connecting underserved communities and offering novel logistics solutions for both commercial and defense sectors.
What have they achieved so far?
Electra.aero has demonstrated substantial market traction with over 2,200 aircraft under Letters of Intent from more than 50 commercial customers, alongside contracts and interest from major defense operators including NASA, the U.S. Air Force, Army, and Navy.
