PPRuNe Forums - View Single Post - Electric Powered Aircraft
View Single Post
Old 25th Jul 2019, 20:50
  #100 (permalink)  
tdracer
 
Join Date: Jul 2013
Location: Everett, WA
Age: 68
Posts: 4,397
Received 180 Likes on 88 Posts
Another one bites the dust:

https://www.seattletimes.com/busines...s-out-of-cash/

Zunum, the Bothell-based startup developing a small hybrid-electric airplane, has run out of cash, and much of the operation has collapsed.The company promised to develop a family of small jets to serve lucrative short-hop routes with on-demand air-taxi services. A graphic produced by the company showed three different electric aircraft flying over Seattle: a 10-seat plane; a 50-seat plane; and a 100-seat airliner.The credibility of the company’s Silicon Valley-style pitch for a technology shift that would transform aviation was boosted by investments from Boeing and JetBlue. But unless new investors step forward, that fanciful dream is dead.
tdracer is offline