Honeywell Aerospace: Electra Raises $115 Million to Pioneer the World's First Ultra Short Aircraft

Electra.aero, Inc. (Electra) has announced it has secured $115 million in Series B funding to enter the pre-production and certification phase of the EL9, the first-ever Ultra Short aircraft, which can take off and land in 150 feet - roughly 10% of the footprint required for similarly-sized legacy airplanes. The round was led by Prysm Capital, and Jay Park, Co-Founder and Managing Partner at Prysm, has joined Electra's Board of Directors.