Ampaire raises $19M Series B funding from IAG, Alaska Airlines, VC investors

Californian startup Ampaire has secured $19 million in a Series B financing round. The investment was provided by International Airlines Group (IAG), Alaska Airlines, and several venture capital firms. Ampaire is focused on developing hybrid-electric aircraft technology for the aviation industry. This new funding will support the company’s continued progress in advancing its electric propulsion solutions. Specifically, the funds are intended to accelerate development and testing of their hybrid-electric aircraft platform.