Singapore-based Clermont Acquires Israeli Electric Aircraft Developer, Eviation

Singapore-based Clermont Group acquired 70% equity stake in Israeli electric aircraft development company Eviation.

Eviation is striving to become the first-to-market manufacturer of an all-electric propulsion aircraft, named Alice. Alice, which targets middle-mile commutes of up to 650 miles, was unveiled at the Paris Air Show in June this year.

Eviation seeks to provide a sustainable mobility option which radically rethinks the cost, experience and environmental impact of regional travel. At the Air Show, Eviation also announced its first commercial contract with US regional carrier Cape Air, and expects to begin shipping the aircraft for commercial use in 2022.

Clermont Aerospace also owns magniX, a Canadian electric engine company whose magni250 motors will power Eviation’s Alice.

Clermont Aerospace says it is committed to transforming Eviation’s vision of electric flight into a commercial reality, and is looking forward to Alice’s successful test flight and certification in the US.

Clermont Group chairman Richard F. Chandler said, “Electric airplanes will shape the future of the aviation and transportation industries making air travel cleaner, cheaper and more efficient. We are at the dawn of a new era in aviation and Clermont is investing in innovation to lead this transformation.”

Eviation CEO Omer Bar-Yohay said, “Clermont’s investment will enable us to accelerate our growth and take Eviation to new heights. As part of the Clermont Aerospace division, we are working together to realize our shared vision of a new era for air travel.”