Beyond Aero Secures $20 Million in Series A Funding for Hydrogen-Electric 'One' Business Jet
Key Ideas
- Beyond Aero completes successful Series A funding round, securing an additional $20 million for a total of $44 million.
- Funding co-led by Giant Ventures and French Sovereign fund Bpifrance, with participation from Initialized Capital.
- Company's hydrogen-electric 'One' business jet concept receives $914 million in LOIs for 108 aircraft.
- Beyond Aero initiates deployment of $12 million to build the world’s most powerful integrated hydrogen electric powertrain lab.
Beyond Aero, a hydrogen-electric pioneer, has concluded a Series A funding round by securing an extra $20 million, bringing the total capital raised to $44 million. The funding, co-led by Giant Ventures and French Sovereign fund Bpifrance, also saw participation from Initialized Capital. The company's 'One' business jet concept, utilizing hydrogen-electric propulsion, has garnered significant interest with $914 million in LOIs for 108 aircraft. Beyond Aero's prototype hydrogen-electric propulsion system, featured in a Zenair CH750 for a crewed flight, marked a milestone in France's aviation history. Additionally, the company has commenced a $12 million investment to establish a cutting-edge integrated hydrogen electric powertrain lab, aiming to advance system design and safety verification. The co-founder and CEO of Beyond Aero, Eloa Guillotin, expressed excitement over the support from investors such as Giant Ventures and Initialized Capital, highlighting the strategic guidance and industry experience they bring to the table.