Ascendance Flight Technologies announced recently that it closed a $11.724 million funding round to boost development of Atea, its vertical take-off and landing aircraft (VTOL), which is powered by Sterna, its hybrid technology stack.
Ascendance Flight Technologies Secures Funding for eVTOL Creation
Key Takeaways:
- Ascendance Flight Technologies closed a $11.724 million funding round to accelerate the development of its Atea vertical take-off and landing (VTOL) aircraft and Sterna hybrid technology.
- Atea is a five-seat VTOL plane touted as a clean, quiet, and efficient advanced air mobility solution with a range of nearly 250 miles, suitable for general transportation, emergency medical services, and surveillance.
- The company plans to focus on full-scale prototypes and industrialization, with the first public demonstration flight scheduled for the 2024 Paris Olympics.
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