Electric aircraft developer Bye Aerospace announced on Monday that it has completed a $5 million strategic investment by an unnamed venture capital group and a $5 million venture raise. According to the company, the investments, which were finalized earlier this year, allowed Bye to begin work on the first production-conforming prototype of its all-electric eFlyer 2 aircraft. Bye is pursing Part 23 type certification for its two-seat eFlyer 2 and four-seat eFlyer 4.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/bye-aerospace-secures-10-million-in-funding