Toulouse, March 27, 2023 - Ascendance Flight Technologies, a startup dedicated to sustainable aviation, has raised €21 million.
French Tech Souveraineté, operated by Bpifrance as part of the France 2030 plan, CELAD, Expansion Aerospace Ventures, SC Mahé, Adrien Montfort (CTO Sorare) via Snaw Ventures, and ARIS Occitanie have contributed to this funding round alongside historic investors Habert Dassault Finance, Céleste Management, IRDI, and M-Capital, which have made significant reinvestments on this occasion.
The aim of this round is to enable the company to fulfill its ambitions: to reduce carbon emissions in the aviation sector by offering unique technologies.
These new funds give Ascendance Flight Technologies the resources to fly its full-scale prototype, begin certification and scale-up actions for its first aircraft, and help its first clients and partners to reduce the carbon emissions of their aircraft thanks to the company’s hybrid technology.
“This fundraising round is critical for sustainable aviation in France. It is a logical step forward in our roadmap for the industry’s energy transition. It will accelerate the technical and commercial development of our products while also contributing to our central aim: to build a sustainable model for cleaner air mobility. We are very proud to have brought together these renowned financial partners, whose quality and complementary nature will ensure that they can support the company through its upcoming development stages,” said Jean-Christophe Lambert, Co-founder & CEO of Ascendance Flight Technologies.