Ampaire

Investor: IAGi Ventures, Alaska Airlines, DiamondStream Partners

Hybrid-electric aviation pioneer Ampaire has successfully closed a £14 million Series B funding round, aimed at accelerating the commercialisation, supply chain development, and manufacturing of its innovative sustainable aircraft propulsion systems.Summary of transaction details:Value: £14 millionSector: DeepTech & AviationAdvisor: Not specifiedKey Entities: Target: Ampaire; Investors: IAGi Ventures, Alaska Airlines, DiamondStream PartnersLocation: Not specifiedNote: This financing round is crucial for Ampaire to translate its demonstrated hybrid-electric performance into certified products and scaled operations, addressing the aviation industry's imperative to reduce fuel burn and emissions.