The larger, all-electric eFlyer800, with an expected capacity of nine passengers, is aimed at competing with fossil fuel powered aircraft.Bye Aerospace
Key Takeaways:
Bye Aerospace secured $19.64 million in Series B funding to advance the development of its electric aircraft and continue FAA certification efforts.
The company is pursuing FAA certification for its eFlyer 2 (late 2022/early 2023), eFlyer 4 (by 2024 for training/air taxi), and the larger 9-passenger eFlyer 800 (late 2025/early 2026).
Their all-electric designs aim to significantly reduce operating costs by up to one-fifth of current levels and eliminate carbon emissions, particularly benefiting flight training and air taxi applications.
Bye Aerospace, a leader in the all-electric flight market, raised $19.64 million of Series B venture funding from undisclosed investors last week, according to SEC filings.
In a statement Thursday, company CEO George Bye said, “Bye Aerospace intends to concentrate its resources in the further development of its aircraft and continued FAA Part-23 certification efforts.”
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
