Fundz

Vipc’S Virginia Venture Partners Invests In Electra To Provide Efficient And Sustainable Air Travel

PRIVATEJun 01, 2023

Round Type

Funding Round

Falls ChurchManufacturingTransportationAerospace

Description

Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), today announced an investment in Electra.aero, Inc. (Electra). Manassas, Va.-based Electra is working to decarbonize aviation and advance air mobility with its hybrid-electric, ultra-short takeoff and landing (eSTOL) aircraft. Electra will use this investment to develop the aircraft ahead of its first flight, planned for later this year at the Manassas Regional Airport

Quick answer

Electra.aero raised an undisclosed amount in a Funding Round round, dated June 1, 2023. Electra.aero is based in Falls Church, Virginia, United States.

How much did Electra.aero raise?
Electra.aero raised an undisclosed amount in a Funding Round round on June 1, 2023.
What does Electra.aero do?
Electra is a new aerospace company developing and manufacturing hybrid-electric aircraft to advance urban and regional mobility.
Where is Electra.aero based and how big is it?
Electra.aero is based in Falls Church, Virginia, United States. Fundz records about 28 employees.
Who are the decision-makers at Electra.aero?
Fundz holds 2 contacts at Electra.aero. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Aerospace around the same time

Companies in the same sectors as Electra.aero that raised within 45 days of this round, from Fundz verified event records.

  • Stoke Space raised an undisclosed amount on May 19, 2023.
  • XTI Aerospace raised $1.5M on May 15, 2023.
  • Joby Aviation raised $180M on May 3, 2023.
  • Sintavia raised an undisclosed amount (Corporate Round) on June 28, 2023.
  • Look Up raised $15M (Seed) on June 22, 2023.
  • Apex raised $16M on June 16, 2023.

Who to call at Electra.aero, and when

A new round usually means Electra.aero is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Electra.aero raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Electra.aero, from your own LinkedIn network

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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.

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Electra.aero raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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