A supersonic passenger airline has zoomed closer to reality after the company behind it has raised $33m (£26m) in its Series A funding round.
Now Boom Supersonic is ready to build its XB-1 jet prototype – the baby Boom – a smaller scale prototype of the Boom's supersonic passenger airliner.
“Our mission is to make supersonic flight a reality,” said Blake Scholl, chief executive and founder of the supersonic aircraft firm.
With this new capital, we are closer than ever to the first flight of our XB-1 Supersonic Demonstrator in about a year.
Participants in the funding round included 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures and Y Combinator's Continuity Fund.
The new funding will help support development and flight testing of its XB-1 Supersonic Demonstrator, that will showcase the key tech enabling the company's key goal of "affordable supersonic travel".
Backed by Virgin boss Richard Branson, the company claims it will deliver the "world's fastest civil aircraft ever made" and take passengers from London to New York in three and a half hours.
The jet, which will cost over $200m to build, could carry passengers as soon as the early 2020s. Its subsonic flight test will be conducted near Edwards Air Force Base in Southern California in partnership with Virgin Galactic's The Spaceship Company.
“I have long been passionate about aerospace innovation and the development of high-speed commercial flights,” said Branson.
“As an innovator in the space, Virgin Galactic’s decision to work with Boom was an easy one. We’re excited to have an option on Boom’s first 10 airframes. Through Virgin Galactic’s manufacturing arm, The Spaceship Company, we will provide engineering and manufacturing services, along with flight test support and operations as part of our shared ambitions.”