Ampaire embarks on a new fundraising campaign on the release of Surf Air
Surf Air’s (URF, Santa Monica) parent company, Surf Air Mobility Corporation, a US-based, membership-based air travel booking platform, no longer seems willing to acquire Ampaire, a startup from hybrid-electric aviation technology, likely leaving it to resort to a Series B funding round. Ampaire confirmed in a statement that it has “decided to move forward as an independent business.”
Surf Air Mobility revealed in February 2021 that it was acquiring Ampaire, as the latter Los Angeles-based aviation pioneer continued to focus on bringing hybrid-electric versions of the Cessna (twin-piston) utility aircraft to market. 337.
Surf Air did not comment on Ampaire’s reference to the cancellation of the agreement and did not immediately respond to ch-aviation’s request for comment.
In April, Ampaire began ground testing of the propulsion system for its first Cessna Grand Caravan flight test aircraft, which it dubbed the Eco Caravan and which builds on technology from its earlier Electric EEL aircraft.
In his April 22 press release, he highlighted high fuel prices and concerns about the environmental impact of aviation to highlight how the upgraded Eco Caravan offered fuel savings over Cessna Aircraft. Company’s original “up to 70% on short-hop routes and more than 50% on long-haul flights, while carrying nine passengers or cargo” and up to 90% reduction in emissions if you use sustainable aviation fuel It is also capable of operating from airports without electric charging infrastructure, he added.
“Ampaire has decided to move forward as an independent company in its mission to reduce aviation emissions. Ampaire will continue to develop the Eco Caravan and apply for a Supplemental Type Certificate (STC) for its hybrid propulsion system, and will continue to work closely with operators around the world to maximize the benefits for their fleets.” , he said, adding that he believed the Grand Caravan conversion could be approved under a U.S. Federal Aviation Administration (FAA) STC by 2024.