Indian-origin’s startup Zunum Aero attracts investments from Boeing

Zunum Aero, founded by Ashish Kumar three years ago in Kirkland, Washington is working to develop an electric hybrid aircraft with potential for performance and efficiency improvements in a range of aerospace applications.

“I consider us very fortunate to have backers like JetBlue and Boeing,” Kumar told the Business Insider.

The startup intends to use the financing to further develop its proposed regional aircraft that hold 10 to 50 passengers for flights up to 1,000 miles.

The jets primarily operate on battery power with an aviation diesel or turbine range-extending power generator available as backup, a report in Fortune said.

Boeing said it made the investments in the startup through the ventures arm of a new group called ‘Boeing HorizonX’, an innovation cell focused on accelerating potentially transformative aerospace technologies, manufacturing innovations, and emerging business models.

Boeing HorizonX is partnering with JetBlue Technology Ventures to invest in Zunum Aero.

“At JetBlue Technology Ventures, our goal is to be part of a disruptive force rather than the one being disrupted, and we seek new technologies that look to change the game,” it said in a statement.

“As a company that is also deeply committed to innovation in sustainable travel, we believe that Zunum and its quiet, environmentally friendly aircraft will light up a vast network of underutilised airports and reinvent regional travel,” JetBlue said.

In a statement, Boeing HorizonX vice president Steve Nordlund said Zunum’s hybrid electric technology was leading the way in the up-and-coming segment, according to the Business Insider report.

According to his profile on Zunum Aero website, Kumar has held leadership roles in Microsoft, Google, Dell, and McKinsey. His startup experience includes helping the launch Aeroxchange, now the largest electronic marketplace for the aviation industry.

He has a Ph.D. in Mechanical and Aerospace Engineering from the Cornell University.

Kumar spent worked as a professor of engineering at Brown University in his early career, and as a research fellow at the Sandia National Laboratories.