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 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…