FutureFlight
VoltAero Gets European Green Funding For Its Hybrid Electric Cassio
The company is working to certify a family of four- to ten-seat fixed-wing aircraft by early 2023 .
VoltAero Cassio
VoltAero's Cassio hybrid-electric aircraft will have a range of up to around 750 miles. (Image: VoltAero)

The European Innovation Council has selected electric aircraft developer VoltAero to receive funding under the European Union’s Green Deal Strategy and Recovery Plan. Initially, the French start-up will receive a grant of €2.1 million ($3 million), and it is also now eligible to receive “blended financing” of up to €11 million that would include an equity portion.

The money will support the development of VoltAero’s Cassio family of four- to ten-seat hybrid-electric fixed-wing aircraft. Earlier this year, the company started flight testing a technology demonstrator and aims to achieve type certification and service entry by early 2023.