Science & Technology

/

Knowledge

Electric-airplane startup Zunum runs out of cash

Dominic Gates, The Seattle Times on

Published in Science & Technology News

In May 2018, Zunum announced a private jet-charter company as a launch customer, and as late as October it was still touting its progress toward inaugurating commercial passenger service in 2023.

On Tuesday, Zunum spokeswoman Meghan Shields said via email that chief executive Ashish Kumar is "not doing interviews right now" but released a short statement:

"Like startups often have to do, we have been navigating a challenging period," Kumar wrote, adding he "remains committed to a future with electric flight."

Thomas said no new invoices for state funds have been received from Zunum this year. The company informed Commerce in April that it did not anticipate hitting any more milestones in the next six months. Last month, Zunum notified Commerce that it is working with a new group of investors with hopes of ramping up activity again soon.

A spokeswoman for Boeing said it is "currently taking a more passive approach to our relationship" with Zunum.

 

(c)2019 The Seattle Times

Visit The Seattle Times at www.seattletimes.com

Distributed by Tribune Content Agency, LLC.

 

Comments

blog comments powered by Disqus
 

Social Connections

Comics

Chris Britt Wumo Poorly Drawn Lines Flo & Friends Archie Candorville