Ampaire secures $19M Series B funding from IAG, Alaska

THE NEWS: Ampaire, a Californian hybrid‑electric aircraft startup, has raised $19 million in a Series B round, bringing its cumulative funding to $68 million.

DETAILS:

• The Series B round was led by venture investor DiamondStream Partners.
• Investors also include the venture capital arms of airline groups International Air Group (IAG) and Alaska Airlines.
• Additional participants are venture firms Forward Ventures and Techstars Ventures, among others.
• The new capital will be used to advance Ampaire’s development of hybrid‑electric aircraft technology.

FAQ

How much funding did Ampaire raise in its Series B round?
Ampaire announced a Series B financing round that raised $19 million, according to the company’s funding announcement. The infusion adds to its earlier capital, supporting further development of its hybrid‑electric aircraft programmes.

What is the total amount of capital Ampaire has raised to date?
With the $19 million Series B, Ampaire’s total capital raised reaches $68 million since its inception. This cumulative funding figure reflects contributions from multiple investors aimed at accelerating the startup’s hybrid‑electric aircraft initiatives.

Which investors participated in Ampaire’s Series B financing?
The Series B round was led by DiamondStream Partners. Participating investors include the venture capital arms of International Air Group (IAG) and Alaska Airlines, as well as venture firms Forward Ventures, Techstars Ventures, and several other undisclosed backers.

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