July 15, 2020
Zephyr Aerospace, a startup that hopes to totally transform the way in which economy class passengers experience air travel, announced on July 14 that it had raised an undisclosed amount of funding from billionaire venture capitalist Tim Draper, who has previously backed Tesla, SpaceX, Coinbase and Twitter.
The investment will enable Zephyr Seat—a new airline seat and bed that offers a lie-flat accommodation and can be retrofitted to exiting commercial aircraft—to pass rigorous certification by the Federal Aviation Association and to continue direct engagements with prospective airlines and aircraft manufacturers. The “outside the box” design also meets social distancing requirements during the age of the pandemic—and features a double-decker design of single seats throughout the economy section.
“I’m sold on the design, I think it’s a great idea that is going for the right thing. Zephyr Seat is making all of our lives much better,” said Tim Draper. “If you are paying for Economy Class and can lie down, that’s huge.”
With most of the world in quarantine and eager to travel again, Zephyr Aerospace is committed to improving the travel experience for every traveler by making personal space and inflight sleep more safe and affordable.
“The effects of the Covid-19 pandemic have had a significant impact on the travel industry and major airlines are faced with a decision to reinvent themselves and find better ways to serve the needs of their customers.
To support Zephyr’s mission to improve air travel and gain a financial stake in their success, visit their equity crowdfunding campaign on Republic (https://republic.co/zephyr-aerospace). This is the first time Zephyr Aerospace has accepted funding from outside investors and they are allowing people to invest as little as $100 in exchange for equity.
Research contact: @zephyrseat