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 an $11.724 million funding round to accelerate the development and industrialization of its Atea VTOL aircraft and Sterna hybrid technology.
- Atea is touted as a clean, quiet, and efficient five-seat VTOL aircraft with a range of nearly 250 miles, suitable for general transportation, emergency medical services, or surveillance.
- The company aims for a first public demonstration flight of Atea at the 2024 Paris Olympics and has partnered with Capgemini Engineering for prototype development.
- This successful funding round follows the establishment of a high-profile board of directors, indicating strong momentum for Ascendance Flight Technologies.
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