Category Archives: Business News

Ascendance Flight Technologies Raises €10M Funding to Develop Hybrid-Electric Technologies

Ascendance Flight Technologies has announced it has closed a €10M funding round backed by Habert Dassault Finance, Celeste Management, M Capital, Kima Ventures and IRDI. The round also includes some senior leaders from the industry and international entrepreneurs. Continue reading

Iris Automation and Doosan Partner for Safer, Fuel Cell-Powered Drones

Iris Automation announced that the company has partnered with Doosan Mobility Innovation (DMI) for the integration of its Casia detect and avoid (DAA) system with DMI’s family of hydrogen powered systems and drones. The joint solution will enable DMI’s clients to operate safer advanced missions like beyond visual line of sight (BVLOS) and accelerates the Korean manufacturer’s entrance into the US market. Continue reading

UAV Factory Portfolio Company Acquires Jennings Aeronautics

AE Industrial Partners, LP, a US-based private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets, announced that it has expanded its Unmanned and Autonomous platform through the acquisition of Jennings Aeronautics, Inc., a provider of innovative Small Unmanned Aerial Systems. Continue reading