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Ascendance Raises €10M
  • 25 Oct 2021 04:41 AM
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Ascendance Raises €10M

Ascendance Flight Technologies announced on Sept. 20 that it had raised €10M in a funding round backed by Habert Dassault Finance, Celeste Management, M Capital, Kima Ventures and IRDI. The Toulouse, France-based company is developing hybrid-electric systems for aviation, including ATEA, a five-seat eVTOL, and STERNA, a hybrid-propulsion technology. In a statement, Jean-Christophe Lambert, co-founder and CEO of Ascendance, said that the new funding will allow the company to “focus on full-scale prototypes and patents in order to accelerate the development and industrialization of our technologies and products.” The first public flights of the ATEA are planned to coincide with the Paris Olympics in 2024.

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