Electra.aero, Inc. (“Electra”), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced its selection by the U.S. Air Force AFWERX innovation arm for a Strategic Funding Increase (STRATFI) award that secures up to $85 million between private investments, government funding, and matching Small Business Innovation Research (SBIR) funding for Electra’s development of a full-scale pre-production prototype electric short takeoff and landing (eSTOL) aircraft. This STRATFI award secures an investment partnership that funds the rapid development, test, and evaluation of a full-scale pre-production prototype eSTOL aircraft which can be used by the Air Force to validate requirements and operational use cases. It will leverage Electra’s upcoming world-first flight test of a two-seat piloted eSTOL technology demonstrator aircraft and substantially accelerates the transition path for Electra’s commercial nine-pᴀssenger eSTOL product aircraft to support Air Force missions of interest.

This STRATFI award reinforces the Air Force’s commitment to dual-use eSTOL technology as a solution for national security and other government missions, and validates Electra’s aircraft design and engineering work to date.

The cost and risk advantages of eSTOL technology also make it a smart investment. We are honored to be chosen for this significant award and look forward to continuing our close collaboration with the Agility Prime team,” said John S. Langford, Founder and CEO of Electra.

READ MORE