Ampaire raises $19M Series B for hybrid-electric aviation

Ampaire has closed a $19 million Series B led by DiamondStream PartnersDealroom has a profile for this one. Try Dealroom →, with strategic participation from IAGi VenturesDealroom has a profile for this one. Try Dealroom → and Alaska Airlines. The financing brings the company's total funding to $68 million, including approximately $25 million in non-dilutive grants and contracts.

Ampaire says it will use the capital to accelerate commercial deployment of its hybrid-electric aircraft, expand flight operations under the FAA eIPP program, produce additional Eco Caravan units, strengthen supplier and manufacturing capabilities, and advance certification programs.

Founded in 2016, Ampaire develops hybrid-electric propulsion systems designed to reduce fuel burn, emissions and operating costs while using existing aircraft and airport infrastructure.

Read more: EIN Presswire