StartupsThe Next Webabout 3 hours ago
Electra plans $850M Ohio factory for hybrid plane
1 min read
Electra plans an $850 million factory in Ohio for its EL9 hybrid-electric ultra-short takeoff aircraft. The nine-seat eSTOL uses eight propellers and a blown-lift system to operate from 300-foot fields. The company holds 2,200 letters of intent from 50 operators, valued at $9 billion. FAA certification is expected around the end of the decade.
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