Entering the race to decarbonize aviation in 2018, Ascendance Flight Technologies is taking a new step.
The Toulouse start-up, which is working on a small hybrid plane, announced on Monday March 27 that it had raised new funds of 21 million euros from its historical investors and new partners.
The French Tech Souveraineté fund, led by Bpifrance, Charles Beigbeder and François Chopard, via their Expansion fund (this is their first investment in aeronautics), or the Occitanie region, via the Aris fund, are joining the adventure.
This, alongside historical partners: Habert Dassault Finance, Céleste Management, Irdi, and M-Capital who are also reinvesting.
“
These new resources will finance the prototyping and pre-industrialization phase of the first hybrid aircraft, in our new pilot plant in Le Muret, near Toulouse, as well as the continuation of certification work and the carrying out of tests”, explains
…
This article is for subscribers only.
You have 78% left to discover.
Want to read more?
Unlock all items immediately.
Without engagement.
TEST FOR €0.99
Already subscribed?
Login
