Electra raises $115M Series B, led by Prysm Capital, to move the EL9 into pre-production and certification

Electra/EL9

Electra raised a $115 million Series B led by Prysm Capital to advance its nine-seat EL9 hybrid-electric aircraft into pre-production and certification. The company reported over 2,200 pre-orders worth more than $10 billion, plus 20+ research contracts from the U.S. military and NASA. Strategic investors include Lockheed Martin, Honeywell and Safran.

• Series B raised $115 million led by Prysm Capital; Jay Park joined the board.
• EL9 can take off and land in 150 feet—roughly 10% of the footprint needed by similarly-sized legacy aircraft.
• Over 2,200 pre-orders worth $10+ billion; 20+ military and NASA research contracts.
• Strategic investors include Lockheed Martin Ventures, Honeywell and Safran; Electra now has approximately 80 employees.