Cosmic Aerospace is working on an electric plane with real range

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Cosmic Aerospace is working on an electric plane with real range
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The aim is to build an electric plane that operates without any emissions but that can still fly for just over 600 miles

which alter the composition of the atmosphere and can stir up ozone and methane as well. Contrails or exhaust from aviation, which include water vapor and particulate matter, also contributes to global warming, Chahine noted.

The startup has raised $1.5 million in a round of early stage funding led by Pale Blue Dot and 50 Years venture capital, two climate-focused funds., a partner at 50 Years, told CNBC his firm invested in Cosmic partly owing to the cofounders' experience in aviation. The fund also liked that Cosmic is tackling a problem that other developers of electric planes and air taxis have not solved yet -- getting beyond the short hop flight.

"Electric aviation has always suffered from a range problem," Teng said, "but my average flight is over 500 miles personally. When I think about a sustainable future, I know we can't stop flying. So figuring out aerodynamic efficiency coupled with a new kind of engine is a great approach." Cosmic recently completed the development of a prototype engine and Teng expects the company to complete a first flight with a full-scale experimental aircraft by 2026. Cosmic is based in Denver, Colorado, with some operations in Belgium.

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