Colorado-based supersonic airline maker Boom Supersonic, the company which claims to be developing an airliner to help passengers travel has secured a funding of $100 million in Series B round investment. The fresh investment round was led by Emerson Capital while others like Y Combinator, Continuity, Caffeinated Capital, SV Angel, Sam Altman, Paul Graham, Ron Conway, Michael Marks, and Greg McAdoo also contributed their bit.
With the current investment, the total investment for the firm now stands at $141 million. Japan Airlines (JAL), Zillionize Angel, UpHonest Capital, Ruvento Ventures and Avichal Garg are the other backers of the firm. Blake Scholl, the co-founder and CEO of Boom Supersonic through a statement said, “Today, the time and cost of long-distance travel prevent us from connecting with far-off people and places. Overture fares will be similar to today’s business class—widening horizons for tens of millions of travellers. Ultimately, our goal is to make high-speed flight affordable to all.”
As the funds pour in, the firm says that it is planning to test their commercial airliner Mach 2.2 anytime this year. Apart from Mach 2.2, they are also going to launch Overture airliner called the XB-1. The Overture airliner is reportedly going to have about 55 seats. “This new funding allows us to advance work on Overture, the world’s first economically viable supersonic airliner,” Scholl said talking about the fresh funding.
It will be interesting to see what will be the cost as long as the passengers are concerned. Also, how the company will use the fresh capital will be interesting to see.