Created Thursday 29 October 2020

See also: Aircraft

Darrell Etherington / 7:22 AM PDT•October 29, 2020

Hermeus, a company seeking to build a Mach 5 aircraft that would be capable of making the trip from New York to London in just 90 minutes has raised a $16 million Series A round, led by Canaan Partners and including contributions from existing investors Khosla Ventures, Bling Capital and the Rise of the Rest Seed Fund. The new funding will help the startup develop and ground test its first full-scale engine, the core component that will eventually power its debut Mach 5 aircraft.

Earlier this year, Hermeus was able to successfully demonstrate a subscale engine prototype, showing that the core design of its technology performed as intended. The company now plans to turn that into a version of the engine that matches its eventual production scale and power, while simultaneously expanding the footprint of its Atlanta-based test facility to also include some light in-house manufacturing capability. It’s also going to be working to continue the design of its debut aircraft, and says it will be sharing more info about that first plane over the course of the next few months.

https://techcrunch.com/2020/10/29/supersonic-aircraft-startup-hermeus-raises-16-million-series-a/