Almost two years ago we shared about Series A of our portfolio startup, Boom Supersonic which helped them grab $33M. We are glad to share that another $100M are added to their total funding amount now after this Series B round led by Palo Alto based Venture Capital, Emerson Collective in participation with Japan Airlines, SV Angel, Pi Campus, Olive Tree Capital, Sunstone Management, Caffeinated Capital, 99 Tartans and Y Combinator.
Boom aims to build Overture, an affordable supersonic passenger airplane flying at the speed of Mac 2.2 (more than twice the speed of sound) with the ability to carry 55 passengers from one point to another.
The startup has raised around $140 million to date. The team has about 100 employees, and hopes to double that number this year with its new funding.
“Today, the time and cost of long-distance travel prevent us from connecting with far-off people and places,” said Boom CEO Blake Scholl in a statement. “Overture fares will be similar to today’s business class—widening horizons for tens of millions of travelers. Ultimately, our goal is to make high-speed flight affordable to all.”
Alongside the fundraise, Boom is further detailing its plans to begin testing its Mach 2.2 commercial airliner this year. The company is aiming to launch a 1:3 scale prototype of its planned Overture airliner this year, called the XB-1. The two-seater plane will serve to validate the technologies being built for the full-sized jet.
Please read full story at TechCrunch.