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.
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
-
Manufacturing the MFFD thermoplastic composite fuselage
Demonstrator’s upper, lower shells and assembly prove materials and new processes for lighter, cheaper and more sustainable high-rate future aircraft.
-
PEEK vs. PEKK vs. PAEK and continuous compression molding
Suppliers of thermoplastics and carbon fiber chime in regarding PEEK vs. PEKK, and now PAEK, as well as in-situ consolidation — the supply chain for thermoplastic tape composites continues to evolve.
-
Cryo-compressed hydrogen, the best solution for storage and refueling stations?
Cryomotive’s CRYOGAS solution claims the highest storage density, lowest refueling cost and widest operating range without H2 losses while using one-fifth the carbon fiber required in compressed gas tanks.