VIPC’s Virginia Venture Partners Invests in Electra to Provide Efficient and Sustainable Air Travel
Summary
Electras eSTOL aircraft has the ability to take off and land in spaces no larger than a soccer field and gets people and cargo closer to their destination quickly, quietly, and affordably making it the ideal choice for middle-mile passenger mobility and cargo logistics.Electra is on a mission to decarbonize aviation and make regional air travel cleaner and more accessible to everyone, says John Langford, CEO and Founder of Electra. With deep expertise in electric flight and sustainable aircraft design, the Electra team is well on their way to changing the aviation industry, and we are excited to contribute to this growth.VIPCs investment in Electra draws upon funds made available through the U.S. Treasury Department State Small Business Credit Initiative (SSBCI) Program.About Electra.aeroElectra.aero, Inc. is a next-gen aerospace company leading the way in sustainable urban and regional mobility. The company is building clean, hybrid-electric, ultra-short takeoff and landing (eSTOL) airplanes that fly people and cargo quieter, further, and more affordably. Electras team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, and its technology development is supported by NASA, the U.S. Air Force Agility Prime program, and a coalition of private investors. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.