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 vertical take-off and landing (VTOL) aircraft and Sterna hybrid technology.
- Atea is described as a five-seat, "clean, quiet, and efficient" advanced air mobility solution with a nearly 250-mile range, suitable for general transportation, emergency medical services, and surveillance.
- The company, a French entity, has secured investments from firms like Habert Dassault Finance and M Capital, and plans its first public demonstration flight for the 2024 Paris Olympics.
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