Ampaire

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 million
• Sector: DeepTech & Aviation
• Advisor: Not specified
• Key Entities: Target: Ampaire; Investors: IAGi Ventures, Alaska Airlines, DiamondStream Partners
• Location: Not specified

Note: 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.