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 secured $11.724 million in funding to accelerate the development and industrialization of its Atea vertical take-off and landing (VTOL) aircraft and Sterna hybrid technology.
- Atea is touted as a five-seat, "clean, quiet and efficient" advanced air mobility solution with a range of nearly 250 miles, intended for general transportation, emergency services, and surveillance.
- The company plans its first public demonstration flight for 2024 at the Paris Olympics, building on a partnership with Capgemini Engineering and supported by a high-profile board.
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