/Companies

Ampaire

Techstars '18

Los Angeles, US · Founded 2016 · California corporation · 27 employees on LinkedIn · 22 known investors

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Ampaire develops hybrid-electric propulsion systems for aircraft, with the AmpDrive technology deployed across multiple aircraft types to reduce fuel consumption, maintenance costs, and noise emissions. The company targets the aviation industry with technology designed for scaling from current hybrid-electric operations to future mass-market electric aircraft.

Also known as Ampaire Inc.

Founders & leadership

Ampaire was founded in 2016 by Kevin Noertker and Cory Combs.

KNKevin Noertker
Kevin NoertkerCo-Founder, Chief Executive Officer (CEO)He previously worked as a systems engineer at Northrop Grumman on aircraft and satellite programs, contributed to planetary research at NASA JPL, and holds a mechanical engineering degree from Caltech.
CCCory Combs
Cory CombsCo-Founder & Exec Tech Fellow
RB
Ryan BiltonNamed on SEC filing

Investors · 22

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 9

Alaska Star VenturesAutodesk Foundation Impact FundElemental ImpactForward VenturesLos Angeles Cleantech Incubator Impact FundMassive VenturesPay it Forward VenturesTechstars VenturesVenn10 Capital

Reported raises · per SEC filings

Form D private placements

$2.6M disclosed across 1 of 2 rounds · 2018–2026

▶$2.6MraisedAug 2018 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Kevin NoertkerExecutive Officer, Director
  • Cory CombsExecutive Officer, Director
  • Ryan BiltonExecutive Officer, Director
Offering amount
$2.6M
Amount sold
$2.6M
First sale
Jul 2018
Incorporated
Corporation, California, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

Ampaire Inc. is a California-based aerospace company developing hybrid-electric propulsion for regional aircraft. Its core product line centers on the AmpDrive powertrain platform and the AMP-H570, an integrated-parallel hybrid-electric power system. Rather than designing new airframes, Ampaire replaces the propulsion system on aircraft that are already certified and in service, most prominently through the Eco Caravan, a hybrid-electric retrofit of the Cessna Grand Caravan that replaces the Pratt & Whitney Canada PT6A engine.

The company's vehicle portfolio spans the Electric EEL testbed aircraft, which first flew as a hybrid-electric test platform in 2019; the Eco Caravan; the Eco Otter and Eco Otter SX regional airliner concepts; and the Tailwind, a clean-sheet design. Ampaire frames its roadmap in three stages — flying and refining today with testbeds, partnering with airframe manufacturers to replace conventional engines tomorrow, and eventually delivering clean-sheet aircraft optimized for electric power. The company states its technology can lower fuel consumption by up to 90%, maintenance by 50% and noise by 60%, and reports flight-test results showing the Eco Caravan burning 54% to 57% less fuel than the engine it replaces, with roughly 50% savings in cruise and up to 70% when battery power handles takeoff.

Ampaire's near-term regulatory path runs through Part 33 engine certification, targeted for late 2027, followed by a Part 23 supplemental type certificate for the Eco Caravan. It is also developing hybrid-electric auxiliary power units with International Airlines Group to reduce fuel burn while aircraft are on the ground.

Founding story

Kevin Noertker and Cory Combs founded Ampaire in 2016 to conduct fundamental R&D on electric aircraft. Given the incremental pace of battery energy-storage improvement, the two concluded that hybrid-electric propulsion was a necessary stepping stone to fully electric power systems and a nearer-term, market-driven means of reducing aviation emissions. Both founders previously worked at Northrop Grumman — Noertker as a senior systems engineer on satellite programs and Combs as an R&D engineer on X-plane advanced aircraft programs — and Noertker also served as a research fellow at NASA's Jet Propulsion Laboratory. They subsequently recruited technical leaders from the aerospace and automotive industries, including CTO Ed Lovelace (previously XL Fleet and Aurora Flight Sciences), SVP of Engineering Pete Savagian (previously General Motors electrified propulsion) and SVP of Global Partnerships Susan Ying (previously NASA, Boeing and COMAC).

Business model

Ampaire electrifies existing, already-certified aircraft types by replacing their propulsion systems with its hybrid-electric powertrain, pursuing supplemental type certification rather than clean-sheet aircraft certification. It sells and supports these propulsion upgrades to airlines, aircraft manufacturers and other operators, and also offers advisory work and partner projects. Revenue-generating scale is expected to follow engine and aircraft certification, with expansion into early manufacturing and aftermarket support.

Propulsion-system retrofits and upgrades for existing aircraft sold to airlines, OEMs and operators, with planned aftermarket support; the company has also reported an order for up to 250 electric aircraft conversions.

Traction

The company reports more than 38,000 hybrid-electric test flight miles across its fleet with a 100% safety record (earlier company statements cited over 30,000 miles and, in 2024-era coverage, over 17,500 and over 25,000 miles). Milestones include the 2019 Electric EEL first flight, a 1,135-statute-mile Los Angeles to Oshkosh hybrid-electric flight, the 2022 maiden flight of the Eco Caravan, an order for up to 250 electric aircraft conversions, and 2026 regional operations in Utah spanning 1,340 miles of routes under the FAA eIPP program. Total disclosed funding stands at $68 million.

Latest developments

In August 2026 Ampaire closed a $19 million Series B led by DiamondStream Partners, bringing total funding to $68 million, with participation from Alaska Star Ventures and IAGi Ventures. Proceeds are earmarked for Part 33 engine certification targeted for late 2027, a subsequent Part 23 supplemental type certificate for the Eco Caravan, engineering team expansion, supplier readiness, early manufacturing and aftermarket support. Also in August 2026 the company launched the uFLY eIPP program in Utah, flying regional hybrid-electric operations across 1,340 miles of cargo, passenger and community air service routes. Earlier, in January 2026, Hawaiian Airlines made a strategic investment. Ampaire is developing hybrid-electric auxiliary power units with IAG and has received an FAA G-1 issue paper for its hybrid propulsion system.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Ampaire describes itself as the leader in hybrid-electric aviation, citing the world's largest fleet of hybrid-electric aircraft, more than 38,000 hybrid-electric test flight miles and a 100% safety record. Its retrofit-and-STC strategy is positioned as a narrower, lower-capital regulatory path than the clean-sheet aircraft programs pursued by several peers, a number of which — including Lilium, Volocopter and Maeve Aerospace — ceased or curtailed operations, while ZeroAvia cut its workforce. Recognition includes a 2021 Edison Award (Gold, Aerospace Flight Technologies), a 2020 Climate Innovation Exchange win in Future of Mobility and a 2019 Global Cleantech 100 listing.

Ampaire modifies propulsion on airframes that are already certified and in service, pursuing a supplemental type certificate rather than certifying a new aircraft — a narrower regulatory path with established precedent and lower capital intensity than clean-sheet programs. Its building-blocks approach reuses the same or scaled AmpDrive components across successive aircraft, and the platform is intended to apply across many aircraft types rather than a single airframe.

Technology

The AmpDrive platform is a hybrid-electric and electric propulsion architecture designed to be applied across multiple aircraft types using the same or scaled components, which the company says accelerates development and certification of subsequent aircraft. The AMP-H570 is an integrated-parallel hybrid-electric power system using a turbodiesel engine paired with electric propulsion; company-cited figures for the powertrain include 1,460 rpm motor speed, 1,850 hp peak power and 1,500 nm range. Ampaire pairs the system with proven airframes such as the Cessna Grand Caravan and De Havilland-type Otter platforms, and is extending the technology to hybrid-electric auxiliary power units.

Go-to-market

Ampaire enters the market by retrofitting in-service aircraft types and validating them through pilot projects and real-world route operations with airlines and public programs, including Mokulele Airlines, the Utah uFLY eIPP program and work with NASA, ARPA-E and the US Air Force. Strategic investment from airline corporate venture arms — Alaska Star Ventures, IAGi Ventures and Hawaiian Airlines — pairs capital with potential operator adoption.

Regional and short-haul airlines and operators for whom fuel is a dominant and volatile cost, cargo and community air service operators, aircraft OEMs, and commercial carriers seeking lower ground fuel burn through hybrid-electric auxiliary power units.

Geography

Headquartered in Southern California, with operations described in Long Beach and Los Angeles. Flight and deployment activity includes Utah (uFLY eIPP program), Hawai'i (with Hawaiian Airlines and Mokulele Airlines), and a record flight from Los Angeles to Oshkosh, Wisconsin. Partnerships extend to Europe through International Airlines Group and to Norwegian airport operator Avinor.

History

Ampaire was founded in 2016. It flew its first hybrid-electric test platform, the Electric EEL, in 2019, and later completed what it describes as the longest hybrid-electric flight, 1,135 statute miles from Los Angeles to Oshkosh, Wisconsin. The hybrid-electric Eco Caravan made its maiden flight in 2022. In January 2026 Hawaiian Airlines made a strategic investment as part of its $600 million Kahu'ewai Hawai'i Investment Plan, supporting deployment of the Eco Caravan and AMP-H570 in Hawai'i. In August 2026 the company began real-world operations in Utah under the FAA's eIPP program and closed a $19 million Series B round.

Risks & controversies

Aircraft certification routinely costs more and takes longer than projected, and $19 million against a late-2027 Part 33 target plus a subsequent supplemental type certificate implies further fundraising before first commercial delivery; peer companies in the sector have generally failed between demonstration and certification. The reported 54-57% fuel savings are measured against one specific baseline engine, and the 70% figure applies only when battery power handles takeoff, a small share of a flight; route-level operating economics have not been published. Airline venture arms often take small positions to observe technology, and Ampaire has not disclosed firm orders, letters of intent or delivery commitments from Alaska Air Group or IAG. The broader electric aviation sector has been contracting, with high risk, long timelines and capital needs beyond typical round sizes.

Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
AmpDrive peak powerJan 20261,850 hp
AmpDrive rangeJan 20261,500 nautical miles
Eco Caravan fuel burn reduction vs. PT6A engineAug 202654% to 57%
Flight safety recordJan 2026100% safety record across fleet
Fuel savings with battery-powered takeoffAug 202670%
HeadcountAug 202627
Hybrid-electric test flight miles flownAug 202638,000 miles
Longest hybrid-electric flightJan 20241,135 statute miles
Miles flown across fleet (company website)Jan 202630,000 miles
Total disclosed fundingAug 2026$68M
Utah eIPP route miles operatedAug 20261,340 miles

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Ampaire went on to found or lead other companies.

Related companies · 2

Companies working in the same space as Ampaire.

Non-dilutive funding · 4 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase II2023$1.2M
NASAPhase II2023$845.9K
NASAPhase I2023$150K
U.S. Air ForceAir ForcePhase I2019$75K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Acquisitions · 1

Early investors' stakes continue via these deals
Talyn Air

Talyn develops unmanned, battery-electric cargo aircraft that take off and land without runways using a two-vehicle system for regional cargo transport. The company is building aircraft capable of carrying 1000-lb payloads over 300 miles at 200+ mph.

Timeline · 9

launches, deals, and filings
Aug 2026
Ampaire and Utah launch uFLY eIPP program with hybrid-electric regional flights

Ampaire began real-world operations in Utah under the FAA eIPP program, completing regional operations across 1,340 miles of routes relevant to cargo, passenger and community air service.

source ↗

Aug 2026
Ampaire closes $19M Series B led by DiamondStream Partners

Series B financing brings total funding to $68 million, with strategic participation from Alaska Airlines' and International Airlines Group's venture arms; proceeds fund Part 33 engine certification targeted for late 2027, a Part 23 STC for the Eco Caravan, engineering expansion, supplier readiness, early manufacturing and aftermarket support.

$19M source ↗

Aug 2026
Hybrid-electric auxiliary power unit development with IAG

Ampaire is developing hybrid-electric auxiliary power units with International Airlines Group to cut fuel consumption while aircraft sit on the ground.

source ↗

Jan 2026
Hawaiian Airlines makes strategic investment in Ampaire

Investment made as part of Hawaiian Airlines' $600M Kahu'ewai Hawai'i Investment Plan, supporting real-world deployment of the Eco Caravan and AMP-H570 hybrid-electric engine in Hawai'i.

source ↗

Jan 2022
Maiden flight of the hybrid-electric Eco Caravan

Ampaire flew the Eco Caravan, described as the world's largest hybrid-electric airplane.

source ↗

Jan 2021
Edison Awards 2021 — Gold in Aerospace Flight Technologies

source ↗

Jan 2020
Climate Innovation Exchange 2020 winner, Future of Mobility

Selected out of 1,400 applicants.

source ↗

Jan 2019
Global Cleantech 100 listing

Named to the Global Cleantech Top 100 out of 14,000 companies.

source ↗

Jan 2019
First flight of the Electric EEL hybrid-electric testbed

Ampaire flew its first hybrid-electric test platform, the Electric EEL, using both electric and conventional powertrains.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AmpaireCalifornia

▸Research sources · 9

primary sources listed

9 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ampaire do?
Ampaire develops hybrid-electric propulsion systems that retrofit existing regional aircraft such as the Cessna Grand Caravan.
Who founded Ampaire?
Ampaire was founded by Kevin Noertker, Cory Combs in 2016.
Who are Ampaire's investors?
Ampaire's investors include 1955 Capital, Autodesk Foundation, DiamondStream Partners, Hemisphere Ventures LLC, Launch Alaska Investment Fund, Pay It Forward - PIF, Sand Hill Angels, Techstars and 5 more.
How much funding has Ampaire raised?
Ampaire has disclosed $2.6M raised across 1 of its 2 known rounds.
Where is Ampaire headquartered?
Ampaire is headquartered in Los Angeles, US.