# Bye Aerospace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bye-aerospace

- Industry: Aerospace
- Headquarters: Englewood, US
- Website: www.byeaerospace.com
- Total disclosed funding: $5M
- Latest round: Series C (Feb 6, 2018)
- Investors on record: 2

## About

Bye Aerospace, Inc. is a US-based company focused on developing and manufacturing innovative electric aircraft, primarily targeting the general aviation and aviation training sectors with their eFlyer series.Founded in 2007, Bye Aerospace, Inc. is headquartered in Englewood, US. The company specializes in electric aircraft and has raised a total of USD 5.00 mn through a Series C funding round in January 2022, with investors including Galileo Global Group and Sternship Advisers. George Bye serves as both the Founder and CEO, contributing to the company’s vision of sustainable aviation.Bye Aerospace specializes in the development and manufacturing of electric aircraft, focusing on its eFlyer series. These FAA-certified fixed-wing aircraft cater to the aviation training sector, emphasizing zero-emission performance while providing cost-effective, low-drag, and low-noise characteristics. Targeting flight schools and educational institutions, Bye Aerospace's products promote sustainable training solutions across North America and Europe.Bye Aerospace generates revenue through direct sales of its eFlyer aircraft to flight schools and training organizations, establishing a B2B transaction model. Customized sales agreements may include financing or leasing options tailored to clients' financial capabilities. The pricing reflects the advanced technology and certifications of the eFlyer aircraft, ensuring competitive positioning within the aviation training market, while fostering long-term partnerships that contribute to financial growth.Bye Aerospace plans to leverage its recent funding from January 2022 to enhance its product offerings and expand into new geographic markets. The company is actively working on new electric aircraft models, targeting their launch within the next few years. Additionally, they aim to extend their reach within Europe and North America, capitalizing on the growing demand for environmentally friendly aviation solutions.

## Funding rounds

- Series C, Feb 6, 2018, $5M — Galileo Global Group, Sternship Advisers

## Investors

- Galileo Global Group — Series C
- Sternship Advisers (https://capitalatlas.ai/funds/sternship-advisers) — Series C