Velontra signs a contract with Venus Aerospace to supply a propulsion system enabling flights around the globe in one hour
CINCINNATI, August 31, 2022 /PRNewswire/ — Cincinnati/Dayton-based Velontra has partnered with Venus Aerospace in Houston, TX, to develop a revolutionary propulsion system. Velontra’s afterburner system will allow Venus’ hypersonic aircraft to take off from any airport in the world where it will travel to any destination on Earth in about an hour.
“It’s an exciting relationship,” says Velontra CEO Robert Keane III. “Our complete afterburner system Venus’ quest to use their rocket engine to travel at the hypersonic speed of Mach 9 (nine times the speed of sound) as it travels along the edge of Earth’s atmosphere.”
Keane also says this contract with Venus Aerospace is validation of the market need for the Velontra propulsion system that can transport passengers quickly and efficiently around the world. Their air-breathing propulsion system is up to six times more fuel efficient than any rocket and uses oxygen from the air, creating thousands of pounds of additional payload capacity. Velontra’s development process is also fast and more cost-effective than most traditional aerospace and defense contractors.
Venus Aerospace’s “Stargazer” is designed as an exceptionally sleek aircraft, proposed to be 100 feet wide by 150 feet long. It is expected to weigh around 150,000 pounds and seat up to 12 passengers. This is the original idea of Venus founders and famous space engineers Sarah “Sassie” Duggleby and her husband, Dr. Andrew Duggleby.
“We are thrilled to partner with Velontra; the additional performance they can bring to our hypersonic vehicles is unparalleled. Rob and Joel bring incredible experience, and we are excited to see more technologists and entrepreneurs entering the arena of cutting-edge technology. We (the US) need more shots on goal, and innovation comes through practice. Velontra is a great example of that,” says Dr. Andrew DugglebyCTO and co-founder of Venus Aerospace.
“While Venus began its quest a little before us, this relationship allows us to develop our flight tests faster than originally planned,” reveals Keane.
The timing couldn’t be more perfect. Velontra has been accepted into the latest cohort of the prestigious Y-Combinator, an American tech and startup accelerator in Silicon Valley. Among its graduates are household names such as Door Dash, Airbnb, Uber and Instacart. Its technology graduates include Momentus and Boomer Supersonic.
“Y-Combinator only admits 1.5% to 2% of applicants and even less in the aerospace industry,” says Keane. “This investment achievement and our cutting-edge work with Venus Aerospace has paved the way for groundbreaking success.”
“All of us at Velontra see this as a synergistic relationship with Venus where we can combine our unique technologies to develop something the world has never seen before,” says Joel DarinVelontra’s chief technology officer.
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