US-European aerospace startup Cosmic Aerospace has raised $4.5 million ($4.84 million) in seed funding to ‘accelerate the development’ of its 1,000 km-range ‘Skylark’ electric aircraft. The seed round was led by climate tech-focused venture capital firm Pale blue dot with participation from deep tech and climate tech investors including Aera VC, Visionaries Club TOMORROW, Fifty Years, Possible Ventures, Syndicate One, Course Corrected, Understorey Capital and Samurai Incubate. ‘Instead of relying on future battery improvements, Cosmic is focusing its engineering efforts on the development of a highly efficient airframe and propulsion system, unlocking flight ranges that elevate electric aircraft from a

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