VoltAero’s funding for the development of its Cassio 330 electric-hybrid aircraft has further increased with a €5.6 million grant from the French government via BPI France – the agency that supports France’s economic growth by assisting its entrepreneurs. The financing was made available ...

Wingcopter, the German delivery drone manufacturer and service provider, today announced that it has raised $42 million from renowned financial and strategic investors. The new funding is part of a Series A extension round, tripling the company’s total equity raise to more than $60 million to date...

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 fu...

Novus Aviation Capital and Sumitomo Mitsui Trust Bank (SuMi TRUST) have launched Ortus II, a second co-sponsored equity investment fund initially targeting US$200 million. Ortus II was opened to select investors in February 2019 and as of September 30, has been oversubscribed with close to US$3...

Private plane booking company Wheels Up has announced it raised $128 million in new equity last week, to bring its total valuation to over $1.1 billion. The funding will help to drive business initiatives, such as acquisitions, investment in sales and marketing targeting membership growth, and s...

TrueNoord has secured new investment from existing and new investors. This brings total equity available to nearly US$400m to expand TrueNoord’s aircraft portfolio and partially refinance the existing fleet as it embarks upon the next phase of growth. It complements a senior secured debt facil...