About Ampaire
Ampaire is a company based in Long Beach (United States) founded in 2016 by Cory Combs and Kevin Noertker.. Ampaire has raised $2.75 million across 5 funding rounds from investors including DOE, European Union and Techstars. The company has 20 employees as of December 31, 2023. Ampaire has completed 2 acquisitions, including Magpie Aviation and Talyn. Ampaire offers products and services including AmpDrive System and Hybrid-Electric Aircraft. Ampaire operates in a competitive market with competitors including Beyond Aero, Mach Industries, Skydweller, Heart Aerospace and Zunum Aero, among others.
- Headquarter Long Beach, United States
- Employees 20 as on 31 Dec, 2023
- Founders Cory Combs, Kevin Noertker
-
Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ampaire Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.75 M (USD)
in 5 rounds
-
Latest Funding Round
$9 M (USD), Grant
Nov 22, 2022
-
Investors
DOE
& 3 more
-
Employee Count
20
as on Dec 31, 2023
-
Investments & Acquisitions
Magpie Aviation
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Ampaire
Ampaire offers a comprehensive portfolio of products and services, including AmpDrive System and Hybrid-Electric Aircraft. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hybrid-electric system that powers aircraft to reduce fuel use and emissions.
Modified aircraft for electric flight to enhance efficiency and lower noise.
Unlock access to complete
Unlock access to complete
Funding Insights of Ampaire
Ampaire has successfully raised a total of $2.75M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $9 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $9.0M
-
First Round
First Round
(07 Jul 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Grant - Ampaire | Valuation |
investors |
|
| Jun, 2019 | Amount | Grant - Ampaire | Valuation |
investors |
|
| Aug, 2018 | Amount | Series A - Ampaire | Valuation | Techstars |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ampaire
Ampaire has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, European Union and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in climate tech startups and entrepreneurs.
|
Founded Year | Domain | Location | |
|
Energy sources and policies are managed by the DOE.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ampaire
Ampaire has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Magpie Aviation and Talyn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Electric aircraft with reduced emissions are manufactured.
|
2021 | ||||
|
Provider of dual vehicle electric vertical take off and landing aircraft system
|
2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Ampaire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ampaire Comparisons
Competitors of Ampaire
Ampaire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beyond Aero, Mach Industries, Skydweller, Heart Aerospace and Zunum Aero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-powered electric aircraft are developed for aviation applications.
|
|
| domain | founded_year | HQ Location |
Next-generation military aircraft are designed and developed for aviation platforms.
|
|
| domain | founded_year | HQ Location |
Solar-powered unmanned perpetual flight vehicles are developed for various industries.
|
|
| domain | founded_year | HQ Location |
Multi-seater commercial electric airplanes are developed by Heart Aerospace.
|
|
| domain | founded_year | HQ Location |
Hybrid electric aircraft are developed for regional passenger flights.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ampaire
Frequently Asked Questions about Ampaire
When was Ampaire founded?
Ampaire was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Ampaire located?
Ampaire is headquartered in Long Beach, United States. It is registered at Long Beach, California, United States.
Who is the current CEO of Ampaire?
Kevin Noertker is the current CEO of Ampaire. They have also founded this company.
Is Ampaire a funded company?
Ampaire is a funded company, having raised a total of $2.75M across 5 funding rounds to date. The company's 1st funding round was a Series A of $120K, raised on Jul 07, 2018.
How many employees does Ampaire have?
As of Dec 31, 2023, the latest employee count at Ampaire is 20.
What does Ampaire do?
Ampaire was founded in 2016 and is headquartered in Long Beach, United States. Hybrid-electric propulsion systems are developed and manufactured by the company for use in planes, VTOLs, and drones within the aviation sector. Existing aircraft are also retrofitted with these systems to enable sustainable operations. Focus is placed on advancing propulsion technology for various aerial applications.
Who are the top competitors of Ampaire?
Ampaire's top competitors include Beyond Aero, Skydweller and Heart Aerospace.
What products or services does Ampaire offer?
Ampaire offers AmpDrive System and Hybrid-Electric Aircraft.
How many acquisitions has Ampaire made?
Ampaire has made 2 acquisitions, including Magpie Aviation, and Talyn.
Who are Ampaire's investors?
Ampaire has 4 investors. Key investors include DOE, European Union, Techstars, and Climate Capital.