ICON Aircraft Closes $25M
Consumer sport plane manufacturer ICON Aircraft has closed on $25 million in financing led by individual investors Satyen Patel and Bart Becht, the company announced. Other participating investors included Google’s Eric Schmidt, former Boeing Chairman Phil Condit and other, undisclosed investors. ICON said it will receive $15 million initially, with an option for an additional $10 million. The round will fund engineering development, manufacturing setup, and the beginning of production of its A5 amphibious sport plane.
29 June 2011•3 mins read
