Hybrid electric aircraft builder Electra secures series A funding from Lockheed Martin
January 22, 2022
The venture capital arm of the Lockheed Martin Corporation has invested in Electra, Inc.’s Series A funding round last week, giving the company’s electric short takeoff and landing (eSTOL) aircraft concept a double injection of cash, and credibility.
The Electra hybrid-electric eSTOL aircraft is designed to be able to take off and land from spaces as small as 300 x 100 feet, using a…