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Atea, the small French hybrid plane, prepares for takeoff


DECRYPTION - The Toulouse start-up Ascendance Flight Technologies is raising new funds to build a first prototype, which should fly in 2024. It has 245 purchase intentions.

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

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Source: lefigaro

All business articles on 2023-03-26

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