Seattle-area electric aircraft maker Zunum Aero facing financial trouble after reported layoffs

This artist’s conception shows two potential configurations for Zunum Aero’s hybrid-electric planes. (Zunum Aero Illustration)Zunum Aero, a Bothell, Wash.-based startup building hybrid-electric planes backed by investors including Boeing and JetBlue, is facing financial trouble and laid off a majority of its staff, according to recent reports. The Seattle Times reported this week that the company…

Seattle-area electric aircraft maker Zunum Aero facing financial trouble after reported layoffs

This artist’s conception shows two potential configurations for Zunum Aero’s hybrid-electric planes. (Zunum Aero Illustration)Zunum Aero, a Bothell, Wash.-based startup building hybrid-electric planes backed by investors including Boeing and JetBlue, is facing financial trouble and laid off a majority of its staff, according to recent reports.
The Seattle Times reported this week that the company “has run of cash, and much of the operation has collapsed.” That followed a Forbes story citing similar issues, including a shutdown of the company’s Bothell headquarters and the layoff of nearly all 70 employees this past November. Forbes said the company is now seeking to raise a $50 million Series B round.
We’ve reached out to Zunum and will update this story when we hear b
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