logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Hybrid-Electric Blown-Lift Estol Plane Developer Electra Acquires Airflow To Create A Leader In Advanced Air Mobility

Jun 08, 2022•over 3 years ago

Acquiring Company

Electra.aero

Acquired Company

Airflow

Falls ChurchManufacturingAerospace

Description

Electra.aero, Inc. (Electra), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced today that it has acquired California-based Airflow.aero, Inc. (Airflow). The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market. The announcement was made at the UP.Summit, an annual gathering of leaders in transportation innovation hosted by investment firm UP.Partners.

Company Information

Company

Electra.aero

Location

Falls Church, Virginia, United States

About

Electra is a new aerospace company developing and manufacturing hybrid-electric aircraft to advance urban and regional mobility. Our mission is to decarbonize aviation with clean, quiet, environmentally friendly airplanes that can operate without conventional runways and we are backed by some of the biggest players in aerospace. Our world-class team of engineers isn’t afraid to disrupt the status quo and we plan to change the world with modern ideas that challenge conventional thinking. Electra is headquartered in Northern Virginia with operations in Cambridge, MA, and Switzerland and growing quickly.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed