Dutch Electric Aircraft Startup Maeve Aerospace Unveils $3.6M Funding

Maeve Aerospace has obtained financing of 3.4 million euros (3.6 million dollars) for the development of its electric plane. This investment is one of the largest private investments of its kind in an all-electric aircraft.

The Netherlands-based startup, formerly known as Venturi Aviation, also took the opportunity to unveil its new name and reiterate its mission to enable 100% sustainable regional air travel.

Maeve Aerospace’s plans for electric flight

Maeve Aerospace is developing a 44-seat electric aircraft, known as the Maeve 01, with a flight range of up to 550 km (340 miles). The company aims to have the plane in the sky by 2028, and Maeve 01 would be the world’s first all-electric commuter jet for the consumer aviation market.

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Maeve Aerospace aims to have its Maeve 01 aircraft in the skies by 2028. Photo: Maeve Aerospace

Plans for the plane were originally filed in January this year, and the significant investment now means the company can start building its first prototypes.

Maeve Aerospace co-founder and COO Joost Dieben said:

“The time for planning is behind us. We are now making progress in developing the core technology needed for any future electric aircraft – a portable, lightweight and safe battery pack. Thanks to this technology, we will be able to have an impact in aviation.

Investment marks a new era of development

Until now, Maeve Aerospace’s main goal has been to explore the feasibility of electric aviation. After securing the investment, he can now move on to developing the core technology behind electric flight, such as the battery system. Using the company’s Maeve ReCharge Network, the Maeve 01 aircraft is expected to recharge in 35 minutes, allowing airlines to operate with rapid turnaround times.

The company’s co-founder and CEO, Jan Willem Heinen, explained,

“The pace of advancement in battery technology is an area that we believe we can start capitalizing on very soon.”

The unique design of Maeve 01 is clearly visible in this Maeve Aerospace mockup. Photo: Maeve Aerospace

To help with development, Maeve Aerospace is now growing its team to 24 employees and is looking to expand to future locations outside of its main base in Delft, the Netherlands, to further support the development of its first aircraft.

Electric flight, the future of sustainable aviation?

Sustainability has become one of the top priorities for the aviation industry in recent years. Electric flight is a way to reduce dependence on traditional aviation fuel and therefore reduce CO2 emissions.

Heinen went on to reiterate the key benefits of electric flight, stating,

“Electric flight emits neither CO2 nor NOx, reduces noise pollution by -40% and is ultimately cheaper to operate.”

ZeroAvia could have a hydrogen-electric powertrain ready for the Danish domestic market by 2030. Photo: ZeroAvia

Hydrogen aircraft are one of the alternative options to electric flight being studied by a number of companies, including ZeroAvia. Even existing aircraft can be modified to reduce their CO2 emissions, for example with the use of Electric Green Taxi Systems.

Click here for Simple Flying’s analysis of electric versus hydrogen planes.

Maeve Aerospace, or Venturi Aviation as it was then known, was founded in September 2020 by Jan Willem Heinen and Joost Dieben, and is based in Delft, the Netherlands. The company believes that electric flight is the solution for the aviation of the future.

Do you agree? What do you think of Maeve Aerospace’s ambitious plans? Share your thoughts by commenting below.

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