Colorado-based Boom Supersonic says it has closed a $ 100 million B Series investment round to support the development of a Mach-2-2 aircraft called Overture.
Funding includes $ 56 million in new investments and $ 44 million in previously announced investments. Boom's total funding is now over $ 141 million. The tour led Emerson Collective and included funding from Y Combinator Continuity, Caffeinated Capital, SV Angel and individual investors.
"This new financing allows us to develop the work on Overture, the world's first economically sound-supersonic aircraft," said Blake Scholl, founder and CEO of Boom, in a press release. "Ticket prices will be similar to today's business class – the expanding horizons of tens of millions of travelers." Ultimately, our goal is to make high-speed travel accessible to everyone. "
"Overture will absorb the use of the next generation of alternative fuels and have a carbon footprint similar to the current business class. The company is also working on a technology designed to make Overture jump and drop operations as quiet as the supersonic aircraft.
A prototype type III, XB-1, is currently being assembled at the Boom production facility in Centennial, Colo. It is scheduled to fly later this year with the pilot of the main test "Doc" Shoemaker in the controls.
Boom says it has more than 100 full-time employees and plans to double that figure this year. The company is evaluating potential manufacturing locations for Overture, which is scheduled to enter the passenger service in mid-2020. Future customers include Virgin Group and Japan Airlines, which have previously ordered a total of 30 aircraft.
Many other airlines also target supersonic transport. Potential players from Boeing (which invested in Reaction Engines) range from emerging companies such as Spike Aerospace and Arian Supersonic (which has partnered with Lockheed Martin, Airbus and GE Aviation).
In April, Lockheed Martin Aeronautics won a $ 247.5 million contract from NASA to develop a high-speed, supersonic jet for the agency's low-altitude, high-flying project. The test plane, known as the X-59 QueSST, is scheduled to fly in late 2022.