Odys Aviation Secures $12.4M in Seed Funding
Summary
Odys Aviation (formally Craft Aerospace), a Long Beach, CA-based aircraft startup making hybrid-electric vertical takeoff and landing (VTOL) aircraft for regional mobility, raised $12.4M in seed funding. The company intends to use the funds to expand its presence with a new development facility, accelerate prototype aircraft development, as well as grow the executive leadership and engineering teams. Led by James Dorris, Co-founder & CEO, and Axel Radermacher, Co-founder & Head of Product, Odys Aviation is advancing a hybrid-electric VTOL aircraft which will carry nine passengers and will have a maximum speed of 345 mph (555 km/h), a range of 1,000 miles (1,609 km), and a cruise altitude of 30,000 ft (9,144 meters). Odys Aviation is a Y Combinator (YC) S21 company with $13.7M in total funding.
Funding
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