Clermont Group has acquired Israel-based electric aircraft developer Eviation Aircraft.
The Singapore-based Clermont Group agreed to buy a majority stake in Eviation in January this year. Clermont is a conglomerate with businesses in the healthcare, medical and aerospace sectors. The company also owns Seattle, USA-based electric motor company magniX, which is supplying its magni250 motors to power Eviation’s electric aircraft.
Eviation is working to become the first manufacturer to supply to the aviation market an all-electric propulsion aircraft, named Alice.
At the Alice aircraft’s launch at the Paris Air Show in June this year, Eviation said it is targeting the aircraft to operate on regional middle-mile “commuter” routes of up to 650 miles.
At the air show Eviation also announced its first commercial contract with Cape Air and that it expects to begin shipping the aircraft for commercial use in 2022.
Richard Chandler, chairman of the Clermont Group, said, “This marks an exciting new chapter for Clermont Aerospace. Eviation and magniX are two highly complementary platforms both focused on making the dream of sustainable flight a reality. 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.”
Omer Bar-Yohay, CEO of Eviation, said, “Eviation is delighted to be joining the Clermont Aerospace family. 2019 has been a pivotal year for everyone at the company – we debuted our first electric aeroplane Alice, announced a partnership with magniX and secured our first commercial contract with Cape Air. Clermont’s investment and expertise in business-building 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 realise our shared vision of a new era for air travel.”