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Electra Raises $115 Million To Move Ultra Short Aircraft Closer To Production

Cal Biesecker By
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Electra Raises $115 Million To Move Ultra Short Aircraft Closer To Production
Electra's EL9 blown lift, hybrid-electric propulsion aircraft. Image: Electra.aero

Electra.aero on Monday said it has raised $115 million in Series B funding to enter the pre-production and certification phase of its EL9 ultra short aircraft it is developing for commercial and military use. The funding round was led by Prysm Capital with participation by Honeywell's [HON] ventures arm. The EL9 features blown lift technology and hybrid-electric propulsion—allowing it to take-off and land in 150 feet—the quiet of an electric aircraft, and the ability to operate similar to a helicopter…

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