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.
Sun Flyer 2
Source | Bye Aerospace
George E. Bye, founder and CEO of Bye Aerospace
Source | Bye Aerospace
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
-
Plant tour: Spirit AeroSystems, Belfast, Northern Ireland, U.K.
Purpose-built facility employs resin transfer infusion (RTI) and assembly technology to manufacture today’s composite A220 wings, and prepares for future new programs and production ramp-ups.
-
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.
-
The state of recycled carbon fiber
As the need for carbon fiber rises, can recycling fill the gap?
.jpg;maxWidth=300;quality=90;format=webp)
