# Ascendance Flight Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascendance-flight-technologies-s-a-s

- Industry: Aerospace
- Headquarters: Toulouse, France
- Website: www.ascendance-ft.com
- Total disclosed funding: $23M
- Latest round: Series A (Mar 27, 2023)
- Investors on record: 10

## About

Based in Toulouse, France, and founded in 2018, Ascendance Flight Technologies is a flight solution that provides Vertical Take-Off and Landing with a hybrid propulsion system. The company was co-founded by Jean-Christophe Lambert, Thibault Baldivia, Clément Dinel, and Benoît Ferran. In March 2023, Ascendance Flight Technologies S.A.S. raised EUR 21 million in series A funding from new investor Bpifrance, CELAD, Expansion Aerospace Ventures, Regional Association for the Integration of the Deaf, SC Mahé, and Snaw Ventures, with participation from returning investors Celeste Management, Habert Dassault Finance, IRDI Midi Pyrenees, and M Capital.

Ascendance Flight Technologies offers ATEA vertical take-off and landing aircraft powered by STERNA, its proprietary hybrid-electric technology stack. The company offers to Fly clean, fly quietly, fly far, and fly safely.

The company will use the series A funding to accelerate the development of its proposed Atea hybrid-electric vertical take-off and landing (VTOL) aircraft.

## Funding rounds

- Series A, Mar 27, 2023, $23M — Bpifrance, M Capital, Habert Dassault Finance, Irdi Capital Investissement, CELAD, Celeste Management, Regional Association for the Integration of the Deaf, Expansion Aerospace Ventures, SC Mahé, Snaw Ventures

## Investors

- Bpifrance — Series A
- M Capital (https://capitalatlas.ai/funds/m-capital) — Series A
- Habert Dassault Finance (https://capitalatlas.ai/funds/habert-dassault-finance) — Series A
- Irdi Capital Investissement (https://capitalatlas.ai/funds/irdi-capital-investissement) — Series A
- CELAD — Series A
- Celeste Management — Series A
- Regional Association for the Integration of the Deaf — Series A
- Expansion Aerospace Ventures — Series A
- SC Mahé — Series A
- Snaw Ventures (https://capitalatlas.ai/funds/snaw-ventures) — Series A