Beyond Aero Secures $20m for Hydrogen-Powered Business Aircraft in France
Key Ideas
  • Beyond Aero, a Franco-American company, raised $20m in Series A funding for their hydrogen-powered electric business aircraft.
  • The company completed France's first manned fully hydrogen-electric test flight, marking a significant milestone in aviation.
  • Plans for their commercial aircraft 'One' include carrying 6-8 passengers for 800 nautical miles using fuel cells, targeting high-net-worth individuals.
  • With Letters of Intent secured for 108 aircraft, representing $914m, Beyond Aero aims to revolutionize the industry with the support of key investors.
Beyond Aero, based in Toulouse, France, recently secured an additional $20m in a Series A funding round led by Giant Ventures and Bpifrance. The round also saw participation from Initialized Capital, Nate Blecharczyk, Arash Ferdowsi, and several high-profile athletes, bringing the total raised capital to $44m. The company is focused on developing the first hydrogen-powered electric business aircraft, with the successful completion of France's first manned fully hydrogen-electric test flight in February. Their commercial aircraft design, named 'One,' is set to accommodate 6-8 passengers for 800 nautical miles using fuel cells, specifically targeting high-net-worth individuals. Beyond Aero has already secured Letters of Intent for 108 aircraft, amounting to $914m in value. Co-founder and CEO Eloa Guillotin highlighted the invaluable guidance and scaling experience the new investments bring, aligning with the company's goals for the France 2030 plan. Prominent figures supporting the venture share the vision of making aviation electric and achieving global ambitions. The positive sentiment towards hydrogen-powered business planes is echoed by Brett Gibson, Managing Partner at Initialized, emphasizing the determination and skills of Beyond Aero's team in making this innovative concept a reality.
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