Electra.aero, Inc. (Electra) has announced the successful close of a $115 million Series B funding round. Marking a significant milestone in the development of its revolutionary electric aircraft, the EL9. This latest funding will support Electra’s transition into the critical pre-production and certification phase for the EL9—hailed as the world’s first Ultra Short takeoff and landing (USTOL) aircraft.
The EL9 is engineered to take off and land in just 150 feet. Approximately 10% of the runway space required by similarly sized legacy aircraft. This breakthrough is set to dramatically redefine how regional air mobility is approached. Opening new possibilities for operations in urban, remote, and underutilized locations.
The Series B round was led by Prysm Capital, with Jay Park, Co-Founder and Managing Partner at Prysm, joining Electra’s Board of Directors as part of the investment. Park’s appointment reflects Prysm’s deep commitment to supporting transformative technology companies positioned to reshape their respective industries.
Electra’s impressive investor roster also includes Lockheed Martin Ventures, Honeywell, and Safran. Joining Prysm Capital, Statkraft Ventures, the Virginia Innovation Partnership Corporation (VIPC), and other private investors. The strategic backing from both global aerospace leaders and key investment firms signals strong confidence in Electra’s vision for sustainable, efficient regional air mobility.
The EL9’s hybrid-electric propulsion system and ultra-short takeoff capabilities position it as a game-changer for regional air transport, cargo, and defense sectors. With certification and commercial service targeted in the coming years. Electra is poised to become a frontrunner in the next era of aviation innovation.
