Statkraft Ventures announced its investment in Electra.aero. The investment reinforces Statkraft Ventures' commitment to advancing sustainable transportation and decarbonization efforts by investing in emerging technologies that reduce emissions while it will enable Electra to further develop its hybrid-electric ultra-short takeoff and landing (eSTOL) aircraft.
In June 2023 Electra unveiled the EL-2 Goldfinch two-seat technology demonstrator for its eSTOL aircraft, which will transport nine passengers up to 500 miles, offering a faster, more sustainable option to driving for regional travel.
Electra claims that the eSTOL aircraft is designed for quiet, efficient, and affordable flight operations from runways as short as 150 feet, bringing air travel closer to local communities and connecting previously underserved regions.
Electra recently unveiled the technology demonstrator for its eSTOL aircraft and will begin flight testing later this summer.
"We are excited to partner with Electra as they are leading the change towards more sustainable aviation," said Alexander Kueppers, managing director, Statkraft Ventures. "Their visionary approach and groundbreaking technology to electrify aircraft, reducing operating costs and emissions at the same time, align perfectly with Statkraft Ventures' mission to support innovative startups that drive the transition to a low-carbon economy."
This investment leverages Statkraft Ventures' expertise in sustainable energy transition to accelerate the development and commercialization of Electra's nine-passenger production eSTOL aircraft.
"Statkraft Ventures brings a deep commitment to supporting companies and technologies that reduce emissions and address the threat of climate change. We are honored to have Statkraft Ventures on our team and look forward to learning from their insight and experience," commented John S. Langford, founder and chief executive, Electra.
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Electra Aero