Hybrid Electric

Funding and agreement will speed development and commercialization of the company’s aircraft, which takes off from runways as short as 150 feet.

Ampaire has no plans to build its own aircraft but will inherit Talyn’s intellectual property and Department of Defense agreements.

Model is expected to make its first flight later this year.

The test vehicle aims to help prove the company’s blown-lift technology.

The aircraft maker revealed the two aircraft concepts as part of its bid to attain net-zero emissions by 2050.

Ampaire’s Eco Caravan, a nine-seat regional aircraft, made its first flight on Friday, on a fully-integrated hybrid-electric propulsion system.

Monte is a U.K.-based company that says its sole focus is financing sustainable regional aviation technologies so that it can support the aviation industry’s transition to net-zero carbon emissions.

Ampaire and Tamarack Aerospace Group have entered into an MOU to further develop aerodynamic upgrades for Ampaire’s hybrid-electric aircraft.

Company will combine with Southern Airways, go public via a SPAC, and partner with AeroTec and magniX.

Aurora Flight Sciences will use a Saab 340B platform for the initial flight test development.