FutureFlight
VoltAero Secures €32 Million and Production Partner for Hybrid-electric Cassio Aircraft
Through a Series B funding round, the French start-up has raised cash to support plans for its family of fixed-wing regional aircraft.
VoltAero's Cassio 330 hybrid-electric aircraft.
Three versions of VoltAero's Cassio hybrid-electric aircraft are in the works, seating up to 10 passengers. (Image: VoltAero)

VoltAero this week completed a €32 million ($32 million) Series B funding round to support its plans to develop its Cassio family of hybrid-electric aircraft. The round was led by strategic investor Tecnologie e Servizi Innovativi (TESI), which will manufacture the prototype for the five-seat Cassio 330 model, which is expected to make its first flight in 2023.

Italy-based TESI specializes in the production and integration of metallic structures and assemblies, as well as mechanical parts. The company says it has experience in aviation manufacturing with clients including Leonardo, PiaggioAero, and Boeing.

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