Series B Round

ElectraAero has secured $115 million in Series B funding to advance the development of its EL9 hybrid-electric aircraft, which aims to revolutionize urban and regional mobility by providing affordable air travel without the need for traditional airports, emissions, or noise. This funding will enable the company to enter the pre-production and certification phase of the EL9 aircraft. The EL9 is designed to operate in urban environments and regional routes, significantly reducing travel time and costs. The aircraft's innovative design and technology are expected to set new standards in the aviation industry, making air travel more accessible and environmentally friendly. The funding round was led by prominent investors in the aviation and technology sectors, highlighting the growing interest in sustainable aviation solutions. The investment will also support further research and development efforts to enhance the aircraft's capabilities and operational efficiency.