Electric Planes and Travel Advisor Tech: 10 Startups Raise $245 Million
Photo Credit: Electra is developing an hybrid-electric plane. Electra
Skift Take
There hasn't been as much travel startup funding this year. But there are certain areas, particularly hotel tech and business travel, continuing to see investor interest.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.It’s been another relatively slow three weeks for travel tech funding. That’s been a pattern so far this year, following a year that broke records in several areas.
Ten travel startups raised $245 million over the past three weeks.
Electra is one of only a few electric plane startups to raise money this year. Most of the other fundraises over the last three weeks were less than $15 million. They were mostly startups in areas that are continuing to get funding — tech for hotels, business travel, and travel selling — even if many of the deals are small these days.
Electra: $115 MillionElectra, which is developing a hybrid-electric plane, has raised $115 million in series B funding.
Prysm Capital led the round. Other investors included Lockheed Martin Ventures, Honeywell, Safran, Statkraft Ventures, the Virginia Innovation Partnership Corporation, and private investors.
Virginia-based Electra (not to be confused
