{"id":22446,"date":"2022-06-14T01:41:42","date_gmt":"2022-06-14T01:41:42","guid":{"rendered":"https:\/\/saj.pachecostudios.com?p=22446"},"modified":"2022-06-14T01:43:14","modified_gmt":"2022-06-14T01:43:14","slug":"estol-plane-developer-electra-acquires-airflow","status":"publish","type":"post","link":"https:\/\/stateaviationjournal.com\/index.php\/aam-uam\/estol-plane-developer-electra-acquires-airflow\/%20","title":{"rendered":"eSTOL Plane Developer Electra Acquires Airflow"},"content":{"rendered":"\n

Electra.aero, Inc. (Electra), a next-gen aerospace company, has announced that it has acquired California-based Airflow.aero, Inc. (Airflow). The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market. The announcement was made at the UP.Summit<\/a>, an annual gathering of leaders in transportation innovation hosted by investment firm UP.Partners<\/a>.<\/p>\n\n\n\n

Both Electra and Airflow have been building blown-lift,\nultra-short takeoff and landing aircraft to serve new air mobility markets that\nfavor the operating flexibility of a helicopter yet require the superior range\nand economics of a fixed-wing aircraft. <\/p>\n\n\n\n

With this acquisition, Electra is consolidating Airflow\u2019s\neSTOL business under the Electra brand. Electra will integrate Airflow\u2019s highly\nexperienced team, backlog of letters of intent and strategic partnerships into\nits own activities, which complement and strengthen Electra\u2019s portfolio and\noffer future customers more expansive and competitive options to meet future\nneeds.<\/p>\n\n\n\n

\u201cThe Airflow team and the Electra team both have deep\nexperience in the development and testing of battery-powered aircraft. This\nexperience convinced us that physics and the economics both strongly favor a\nsolution that uses a wing throughout the full flight versusa rotor-borne\nvertical takeoff and transition. Distributed electric propulsion allows us to\ntake off and land within two vehicle lengths to access parking-lot sized\nspaces,\u201d said Marc Ausman, co-founder and CEO of Airflow. \u201cThis solution offers\nnot only lower costs but a much more straightforward path to certification than\nvertical lift variants. We look forward to continuing our mission to develop\nsuch a vehicle as part of the Electra team.\u201d<\/p>\n\n\n\n

Electra\u2019s quiet, low-emissions eSTOL aircraft is currently designed to transport nine passengers and a pilot or 1800 pounds of cargo up to 500 miles in all weather conditions. Electra\u2019s technology delivers 2.5x the payload and 10x longer range at 70% lower operating costs than vertical takeoff alternatives.\u201c<\/p>\n\n\n\n

There are dozens of aspiring entrants in the AAM market. The\nacquisition of Airflow complements Electra\u2019s team, our sales pipeline, and\ntechnology portfolio which will allow customers to select the best solution to\ntheir needs in a rapidly expanding market,\u201d said John Langford, founder and CEO\nof Electra. \u201cMarc Ausman is an incredibly talented individual, and the Airflow\nteam is experienced and motivated, and share our mission and culture. This acquisition\nwill allow Electra to grow and scale more quickly.\u201d <\/p>\n\n\n\n

The acquisition places Electra\u2019s order book at almost 800\nunits, beyond break-even for commercial development. When used with sustainable\naviation fuels (SAF), Electra\u2019s first-generation, hybrid-electric system offers\na carbon-neutral aviation solution, burning a third less fuel than conventional\naircraft. Airflow\u2019s strategic partnership with Plug Power (NASDAQ:PLUG) adds a\nnext-generation, zero-emissions solution to Electra\u2019s portfolio.    <\/p>\n\n\n\n

Electra and Airflow are both privately held and terms of the\ntransaction were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Electra.aero, Inc. (Electra), a next-gen aerospace company, has announced that it has acquired California-based Airflow.aero, Inc. (Airflow). The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market. The announcement was made at the UP.Summit, an annual gathering of leaders in transportation innovation hosted by investment […]<\/p>\n","protected":false},"author":3,"featured_media":22449,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[142],"tags":[],"class_list":["post-22446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aam-uam"],"jetpack_featured_media_url":"https:\/\/stateaviationjournal.com\/wp-content\/uploads\/mk2_electra-nyHeliPose-B-ELECTRA-LOGO-edit-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/22446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=22446"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/22446\/revisions"}],"predecessor-version":[{"id":22448,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/22446\/revisions\/22448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media\/22449"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=22446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=22446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=22446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}