Startup · $3m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Dovetail Electric Aviation raised.
| Investor | Rounds | Invested |
|---|---|---|
| REX | Unnamed stage | - |
| Rex Airlines | Unnamed stage | - |
| Australian Government | Grant | $3,000,000 |
| Cooperative Research Centre Projects | Grant | $3,000,000 |
| Cooperative Research Centres Projects (CRC-P) | Grant | - |
| CRC-P | Grant | $3,000,000 |
| Federal Government | Grant | $3,000,000 |
Companies Dovetail Electric Aviation acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Dovetail Electric Aviation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Dovetail Electric Aviation will use Siemens' NX X design software to develop electric propulsion retrofits for small aircraft. The Melbourne-based company counts Rex, Invest Victoria, Aciturri and Air Nostrum among its backers.
Invest Victoria is giving non-dilutive backing to electric aviation developer Dovetail, which has shifted its base from NSW, adding to a seed round in which Aciturri recently led the second tranche.
Dovetail Electric Aviation will integrate Hyundai's HTWO hydrogen fuel cell into ground testing ahead of planned flight trials, with regional airline Rex recalling its April purchase of a twenty per cent stake.
Rex Airlines takes a 20 per cent stake and a board seat in Dovetail Electric Aviation, a Sydney startup retrofitting electric propulsion, which earlier won a $3 million government research grant.
Also Startup Daily
The federal government announced grants supporting 19 Australian manufacturing collaboration projects, including Dovetail Electric Aviation's electric aircraft conversions, Vaxxas' vaccine patch, and Whiteley's anti-biofilm wound treatments, while opening the next CRC-P round.
Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing