What Happened
Californian Startup Secures Funding from Airline Investors for Eco-Friendly Propulsion
Ampaire, a Californian startup developing hybrid-electric aircraft, has secured $19 million in Series B funding from prominent investors, including International Air Group and Alaska Airlines. The fresh capital will be used to accelerate the commercial readiness of Ampaire’s hybrid-electric AMP-H570 propulsion system, which is being integrated into Cessna Grand Caravan aircraft to significantly reduce fuel consumption. Ampaire is also participating in the US government-backed eVTOL Integration Pilot Program to advance new air mobility technologies. This development was first reported by AeroTime.