Ascendance Flight Technologies raises 10 Million euros funding round

posted on 15th September 2021 by Eddie Saunders
Ascendance Flight Technologies raises 10 Million euros funding round

Ascendance Flight Technologies is a Toulouse-based company developing ATEA, a vertical take-off and landing aircraft powered by STERNA, its proprietary hybrid-electric technology stack.

It provides the technologies that can empower aircraft manufacturers to reduce the environmental impact of future aircraft generations.

Thanks to the unique experience of its former Airbus E-Fan program team who achieved the first electric flight over the Channel, Ascendance Flight Technologies aims to be a leader in designing a new era of sustainable aviation.

Ascendance Flight Technologies has announced it has closed a €10M funding round backed by Habert Dassault Finance, Celeste Management, M Capital, Kima Ventures and IRDI. The round also includes some senior leaders from the industry and international entrepreneurs.

Putting the company on the right financial track to certification and commercialization, Ascendance has attracted top tier financial investors.

This successful funding round follows the announcement of the high-profile board: former Safran Chairman Jean-Paul Herteman, former Executive Committee member at Renault Jean-Christophe Kugler, and former Head of the Airbus E-Aircraft Program Agnès Plagneux-Bertrand.

According to Jean-Christophe Lambert, co-founder and CEO of Ascendance Flight Technologies: “This successful round of funding will allow us to focus on fullscale prototypes and patents in order to accelerate the development and industrialization of our technologies and products.

“We will also continue to recruit the best talents to shape a team that will impact tomorrow’s clean aviation.

“So far, we are on schedule in the development of our disruptive hybrid-electric technologies.

“Recent technological achievements, our endorsement by renowned industrial figures such as our Board members and Robert Lafontan, the signing of a longtime partnership with Capgemini Engineering and successful testing campaigns confirms that the company is on the right track.”