VoltAero, a Médis, France-based electric-hybrid aircraft company, raised its first Series B funding, which included a €32m capital raise.
The company intends to use the funds to launch the first member in its electric-hybrid aircraft family, the Cassio 330.
The round was led by Italy’s TESI (Tecnologie E Servizi Innovativi S.r.l.), which will produce the airframe for VoltAero’s no. 1 Cassio 330 prototype targeted to make its maiden flight in 2023. Cassio 330 is the five-seat version, with a combined electric-hybrid propulsive power of 330 kilowatts. TESI will build the Cassio 330 certification prototype airframe at its Cicerale facility in Italy.
Led by CEO Jean Botti, VoltAero is an aircraft development company. With the introduction of TESI as a partner, the company can develop its first electric-hybrid aircraft, the Cassio 330. It will utilize electric motors in the aft fuselage-mounted propulsion system for all-electric power during taxi, takeoff, primary flight, and landing. The hybrid feature comes into play as a range extender, recharging the batteries while in flight. This hybrid element serves as a backup in the event of a problem with the electric propulsion, ensuring true fail-safe functionality.
FinSMEs
07/11/2022