Lightbank reposted this
Excited to announce Pyka has secured $40M in Series B funding to accelerate the commercialization of our dual-use autonomous electric aircraft! ⚡✈️ This milestone would not be possible without the incredible support of our investors and customers, who share our mission to bring society a safer, cleaner, and more cost-effective form of transportation enabled by autonomous electric flight. This new investment will support further growth of our domestic manufacturing capabilities, boost production of our Pelican Spray and Pelican Cargo aircraft, and enable expanded operations with both U.S. and international customers. Additionally, it will help Pyka advance new capabilities to support contested logistics operations for the U.S. Department of Defense and allied partners. The round was led by Obvious Ventures, alongside Piva Capital, Prelude Ventures, Metaplanet, and Y Combinator. Read the press release here: https://lnkd.in/gTkiTbUp Here’s to unlocking the future of electric aviation! 🌍 ✈️ #ElectricAviation #AutonomousFlight #SustainableTransportation #SeriesB #Innovation