Series B Round

ElectraAero is focused on developing innovative aviation solutions, specifically hybrid-electric aircraft designed to enhance urban and regional mobility. The company aims to provide affordable air travel without the need for traditional airports, emissions, or noise. The recent funding will enable ElectraAero to enter the pre-production and certification phase of its flagship aircraft, the EL9, which is designed for ultra-short takeoff and landing (ESTOL) capabilities. This funding round was led by Prysm Capital, with participation from other strategic investors, highlighting strong confidence in ElectraAero's vision and technology. The EL9 is expected to revolutionize urban air mobility by providing a sustainable and efficient alternative to ground transportation.