We are thrilled at Understorey to back the brilliant team at Cosmic Aerospace in unlocking the future of practical electric aviation. Cosmic are developing groundbreaking tech set to deliver 1000km range that could address 50% of global flights while significantly reducing the environmental impact and cost of air travel. Proud to join Cosmic Aerospace in closing this latest seed financing round alongside a fantastic group of investors, including Pale blue dot, Aera VC, Visionaries Club, TOMORROW, Fifty Years, Possible Ventures, Course Corrected, and SAMURAI INCUBATE INC. Congrats Christopher Chahine and Marshall Gusman!
Big news! Today, we are incredibly excited to announce the closing of our $4.5 million seed funding round! Cosmic’s mission is to build electric aircraft for the mainstream aviation market using today’s technologies. This round provides the capital needed to dramatically accelerate our technology development, setting us on course for a first demonstrator flight in 2026. A big shout-out to our investors: Pale blue dot, Aera VC, Visionaries Club TOMORROW, Fifty Years, Possible Ventures, Syndicate One, Course Corrected, Understorey Capital, SAMURAI INCUBATE INC., and our incredible angels. If you have hands-on development experience working on aircraft structures or systems and are eager to shape the future of aviation with us, we’d love to hear from you! Stay tuned for the journey ahead! https://lnkd.in/e5iheDaa