Bye Aerospace receives investment from Subaru-SBI Innovation Fund
The investment will be used to advance the FAA certification process for the Sun Flyer 2 all-electric, composite plane.
Share
Read Next
Bye Aerospace Inc. (Denver, CO, US), the developer of the Sun Flyer family of all-electric, composite material aircraft, on Jan. 10 announced the completion of a major investment by the SUBARU-SBI Innovation Fund (Tokyo, Japan). The investment, which closed on Nov. 6, 2018, will be used to advance the FAA certification process for the Sun Flyer 2 electric plane, which is expected to be the first electric aircraft certified by the FAA.
George E. Bye, founder and CEO of Bye Aerospace, expressed his gratitude for the investment. “On behalf of our team, my sincere thanks to the SUBARU-SBI Innovation Fund for their vision, their passion for our industry and their belief in electric propulsion,” he stated.
Itaru Ueda, manager of the SUBARU-SBI Innovation Fund, said, “We believe Sun Flyer 2 will be the first electric airplane to receive FAR Part 23 type certification. Electric aircraft are receiving lots of attention, and we expect the future of small electric airplanes to be led by Bye Aerospace.”
Related Content
-
The potential for thermoplastic composite nacelles
Collins Aerospace draws on global team, decades of experience to demonstrate large, curved AFP and welded structures for the next generation of aircraft.
-
Infinite Composites: Type V tanks for space, hydrogen, automotive and more
After a decade of proving its linerless, weight-saving composite tanks with NASA and more than 30 aerospace companies, this CryoSphere pioneer is scaling for growth in commercial space and sustainable transportation on Earth.
-
Plant tour: Collins Aerospace, Riverside, Calif., U.S. and Almere, Netherlands
Composite Tier 1’s long history, acquisition of stamped parts pioneer Dutch Thermoplastic Components, advances roadmap for growth in thermoplastic composite parts.