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Electra.aero Raises $115 Million in Funding

Electra.aero is an aerospace company pioneering hybrid-electric aircraft to transform regional air mobility. Its innovative design combines electric propulsion with sustainable aviation technology to enable quieter, more efficient, and lower-emission flights. Electra’s aircraft are engineered for short takeoffs and landings, making them ideal for smaller airports and underserved areas. With a focus on performance, accessibility, and environmental impact, Electra is shaping the future of short-haul air travel.

Electra.aero has raised $115 million in a Series B funding round. The new round was led by Prysm Capital, and Jay Park, Co-Founder and Managing Partner at Prysm, has joined Electra’s Board of Directors. Lockheed Martin Ventures, Honeywell, and Safran are among strategic investors along with Statkraft Ventures, the Virginia Innovation Partnership Corporation (VIPC), and other private investors. “We are delighted to welcome Jay and Prysm to the Electra family,” said Electra Board Chair John Langford. “They’ve already become an indispensable partner and advisor as we transition from prototype to product with the EL9.”

Electra.aero, headquartered in Washington, District of Columbia, United States, was founded in 2019 by John Langford. “At Electra, we are on a mission to deliver a new era of aviation, a leap forward in advanced air mobility that is both transformational and practical,” said Marc Allen, CEO of Electra. “The EL9 Ultra Short opens the door to opportunities to establish new commercial routes, connect communities currently lacking aviation infrastructure, and enable entirely novel logistics capabilities for warfighters. We look forward to working with our partners at Prysm to continue the development of this aircraft and chart a new course for aviation.”

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