Led by Prysm Capital, the funding round brings on Jay Park as a new board member. The EL9 uses blown-lift and hybrid-electric technology to offer the agility of a helicopter, the quiet of an electric vehicle, and the cost-efficiency of a fixed-wing aircraft. Electra has already secured over 2,200 pre-orders worth more than $10 billion and is working with the U.S. military through multiple SBIR contracts to explore defense applications.
Electra’s CEO, Marc Allen, says the EL9 represents a leap forward in advanced air mobility, with capabilities that can transform commercial air travel and military logistics alike.