Ascendance Flight Technologies, a Toulouse-based company developing ATEA, a vertical take-off and landing aircraft powered by STERNA, its proprietary hybrid-electric technology stack, has closed a €10M funding round backed by Habert Dassault Finance, Celeste Management, M Capital, Kima Ventures and IRDI. The round also includes some senior leaders from the industry and international entrepreneurs. Putting the company on the right financial track to certification and commercialization, Ascendance states that it as attracted top tier financial investors. This successful funding round follows the announcement of the high-profile board: former Safran Chairman Jean-Paul Herteman, former Executive Committee member at Renault Jean-Christophe Kugler,

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