Cosmic Aerospace has raised $4.5 million for the development of a long-range, all-electric regional airplane that could enter service by the end of this decade, the Belgian-American start-up announced on Tuesday. The company is developing a 24-passenger airplane called Skylark that it says will deliver a range of up to 1,000 kilometers (more than 600 miles) on a single charge.
This ambitious goal equates to more than twice the projected range of Eviation's planned all-electric nine-passenger Alice commuter plane. It also surpasses some hybrid-electric airliners currently under development.
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