This artist’s conception shows two potential configurations for Zunum Aero’s hybrid-electric planes. (Zunum Aero Illustration)
Zunum Aero, a Bothell, Wash.-based startup building hybrid-electric planes backed by investors including Boeing and JetBlue, is facing financial trouble and laid off a majority of its staff, according to recent reports.
The Seattle Times reported this week that the company “has run of cash, and much of the operation has collapsed.” That followed a Forbes story citing similar issues, including a shutdown of the company’s Bothell headquarters and the layoff of nearly all 70 employees this past November. Forbes said the company is now seeking to raise a $50 million Series B round.
From 2017: Zunum Aero emerges from stealth mode with big plans for hybrid electric planes
We’ve reached out to Zunum and will update this story when we hear back.
Founded in 2013, the company aimed to build high-tech aircraft for regional transit. The idea was to create routes that have fallen into disuse due to trends that have dominated the airline industry over the past few decades — trends that favor larger aircraft serving bigger airports.
Last year, Zunum said its first planes would go to JetSuite, a California-based private aviation company …read more