Tech Company Financing Transactions
Electra Aero Funding Round
Electra Aero, operating out of Falls Church, secured $115 million from private investors, Prysm Capital and Honeywell Venture Capital.
Transaction Overview
Company Name
Announced On
4/21/2025
Transaction Type
Venture Equity
Amount
$115,000,000
Round
Series B
Investors
private investors (Lead Investor) (Jay Park)
Prysm Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to enter the pre-production and certification phase of the EL9, its Ultra Short aircraft, which can take off and land in 150 feet.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Falls Church, VA Undisclosed
USA
Falls Church, VA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Electra was founded with a mission to decarbonize aviation and bring air transportation to every part of the world. Electra's founder and CEO, Dr. John Langford, a serial aerospace entrepreneur with two prior successful exits, has developed the most ambitious aircraft designs for three decades. Joined by long-time collaborators from Aurora Flight Sciences, MIT, Boeing, Airbus, Pilatus, and Hondajet, Electra's team combines deep expertise in electric flight, sustainable aircraft design, STOL/blown lift technology and aircraft certification and production.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Langford
Chief Financial Officer
Diana Siegel
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We do our best to report on every notable VC transaction. VC investment data records reported here are derived from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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