Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year

Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year

Founded by a 20-year-old, Alteon is developing autonomous aircraft that hopes to harvest wind energy to stay aloft for several months.

Alteon Raises $2.5 Million to Develop Autonomous Aircraft

Bengaluru-based deep-tech startup Alteon has raised $2.5 million, or around Rs 24 crore, in a pre-seed funding round to develop autonomous aircraft designed to stay airborne for months without landing. The round was led by Lachy Groom, with participation from Together Fund, as the startup works on wind-powered aircraft that... The post Alteon Raises $2.5 Million to Develop Autonomous Aircraft appeared first on Equitypandit.

Alteon Raises $2.5 Mn To Develop Long-Endurance Autonomous Aircraft

The funding comes shortly after Alteon’s aircraft completed an offshore flight test, autonomously flying multiple consecutive loops less than a metre above the ocean’s surface

Lachy Groom Backs Alteon's Aircraft Designs in $2.5M Round

Bengaluru startup Alteon, founded by 20-year-old Samay Sanghvi, raised $2.5 million in pre-seed funding led by solo investor Lachy Groom. The startup is developing autonomous aircraft that harvest energy from ocean winds through dynamic soaring, a technique albatrosses use, aiming to keep planes airborne for more than a year without carrying fuel. The post Meet the Startup That Builds Aircrafts That Never Land appeared first on TechJuice.

Alteon Secures $2.5 Million Funding for Autonomous Aircraft

Alteon, a deep-tech aerospace company building aircraft designed to remain airborne for months at a time, today announced - $2.5 million in  pre-seed funding led by  Lachy Groom, with participation from Together Fund. The round follows a milestone flight test in which Alteon’s aircraft demonstrated its ability to autonomously fly within a metre of the ocean’s surface. The test derisked a key part of the manoeuvre, Alteon’s autonomous high-endura…

Alteon Secures $2.5M for Aircraft Persistent Flight Tech

Alteon, a deep-tech aerospace company based in Bengaluru, has announced it secured $2.5 million in pre-seed funding. The round was led by Lachy Groom, with participation from Together Fund, to further develop its autonomous aircraft designed for extended periods of airborne operation. The funding follows a recent flight test in which Alteon’s aircraft demonstrated its […] The post Alteon Secures $2.5 Million Pre-Seed Funding to Develop Persisten…