Panhwar Jet Inc, a Newport Beach aerospace startup, is pleased to announce the closing of $10 million in Series A funding from Valkyrie Group.
updated: Aug 10, 2021
PARK CITY, Utah,
August 10, 2021 (Newswire.com) –
Panhwar Jet has designed and is currently building the world’s first all-electric, self-charging luxury business aircraft. The groundbreaking, self-charging technology brings major disruptive innovation to the electric aircraft industry. Current battery density does not allow most electric aircraft to fly beyond two hours total flight time. However, the self-charging technology created by engineers at Panhwar Jet will allow the aircraft to fly up to 12 hours without touching down.
Panhwar Jet’s patented technology has solved many of the existing battery limitations. Panhwar Jet is also…