IAG joins £14 million Series B round for hybrid-electric aircraft tech firm Ampaire - JETS News | RalliesIAG joins £14 million Series B round for hybrid-electric aircraft tech firm Ampaire
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JETS• IAG backs Ampaire’s Series B funding
- IAG invested via IAGi Ventures in Ampaire’s GBP 14 million Series B round to support hybrid-electric auxiliary power unit development.
- Ampaire develops retrofit hybrid-electric technology for existing aircraft, aiming to cut fuel burn, emissions, and operating costs.
- Funding targets hybrid-electric APU systems to reduce fuel consumption during ground operations, replacing fuel-powered APUs used at many airports.
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