Cosmic Aerospace raises $4.5M for electric aircraft development

13-02-24

Cosmic Aerospace, an innovative aerospace startup with roots in both the United States and Europe, has successfully secured $4.5 million through a seed funding round to propel the development of its groundbreaking electric aircraft. The company aims to pioneer the creation of the world's first electric aircraft with the capability to traverse distances exceeding 600 miles, a milestone in aviation technology.

Unlike other ventures that may wait for advancements in battery technology, Cosmic Aerospace is taking a proactive approach by concentrating its resources on the development of a highly efficient airframe and propulsion system. The company has achieved significant progress in this area, having constructed and tested a fully operational electric engine on a full scale.