Ascendance Flight Technologies, a startup incubated at Agoranov in 2018, raises €10M to accelerate the transition to sustainable aviation with their hybrid-electric technologies.
Ascendance develops solutions and technologies to decarbonize aviation. They are currently developing a five-seat aircraft with vertical take-off and landing.
The first public demonstration flights will take place in Paris during the upcoming 2024 Olympic Games, in partnership with Aéroports de Paris ADP). Ascendance Flight Technologies has set priority goals for developing full-scale prototypes and filing patents to protect its innovations.
A major event for the Toulouse startup
This round of financing was carried out with HABERT DASSAULT FINANCE, Celeste Funds Management, IRDI Capital Investissement, Kima Ventures and M CAPITAL, as well as recognized industry leaders and international entrepreneurs.
This financing will allow Ascendance Flight Technologies to continue the technical development of its VTOL aircraft #Atea and its propulsion system #Sterna.
"This fundraising will allow us to focus on full-scale prototypes and patents to accelerate the development and industrialization of our technologies and products. We will also continue to recruit top talent to build a team that will impact the sustainable aviation of tomorrow. So far, we are on schedule for the development of our disruptive hybrid-electric technologies... " - Jean-Christophe Lambert, co-founder and CEO of Ascendance Flight Technologies.
Congratulations to the team and we wish you good continuation!