Regional Air Travel Startups Raise Over $85 Million: Funding Roundup
Photo Credit: Surf Air Mobility owns Mokulele Airlines, which operates only in Hawaii. Mokulele Airlines
Skift Take
The biggest airlines are behind on updating their tech systems and operations; regional airlines are even further behind.
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.One big theme for travel startups this week is regional air travel.
Three companies raised money toward their efforts to modernize various aspects of the industry, from software to aircraft themselves.
The biggest airlines are behind on updating their tech systems and operations; Regional airlines are even further behind. Like the rest of the flying taxi startups, one such company on the list seeks to create a new type of commercial travel.
Over the last week, six travel startups announced fundraises totaling more than $100 million.
Expliseat: $42.1 MillionExpliseat, which develops and manufactures lightweight seats for commercial aircraft, has raised $42.1 million (€36 million).
Crédit Mutuel Innovation led the round, with support from the SPI fund (managed by public sector investment bank Bpifrance for the French government), Supernova Invest, Swen Capital, BNP Paribas Développement, GO Capital, and NCI
