Aircraft
VoltAero Finds Backers for Malaysian Production of Cassio Aircraft
SEDC Energy and ACI Groupe plan to take equity stakes in the French start-up
VoltAero's Cassio family of hybrid-electric aircraft
VoltAero is developing the Cassio family of hybrid-electric aircraft for applications including regional airline services and flight training.

VoltAero has reached an agreement with a pair of prospective new investors who will support plans to build its Cassio family of hybrid-electric regional aircraft in the Malaysian state of Sarawak. On July 2, the French start-up announced that it has signed a letter of intent with SEDC Energy of Malaysia and France’s ACI Groupe.

SEDC Energy (part of the Sarawak Economic Development Corporation) and engineering and technology group ACI have not disclosed amounts for their planned equity stakes in VoltAero. They have confirmed that they will back plans for an aircraft assembly facility in Sarawak to support manufacturing and distribution rights for the Cassio aircraft in the Asia-Pacific market.

In this article