30 August, 2019

The Clermont Group Acquires Majority Control of Eviation

Singapore investment group Clermont has acquired a majority stake in Eviation Aircraft, developer of the Alice all-electric business and commuter aircraft, and has pledged to turn the Israeli company’s “vision of electric flight into a commercial reality”.

Clermont entered into an agreement in January to obtain “majority control” of Eviation. The deal concluded in late August, with the investment group securing a 70% share in the venture.

Eviation joins electric motor developer MagniX in Clermont’s portfolio of clean-technology firms. The Redmond, Washington-based start-up is developing the 375shp (280kW) Magni250 motor as a power option for Alice buyers. Siemens is the other supplier. MagniX is also developing its 750shp Magni500 for installation on de Havilland DHC-2 Beaver seaplanes operated by Canadian regional carrier Harbour Air.

Clermont chairman Richard Chandler describes Eviation and MagniX “as highly complementary platforms, both focused on making the dream of sustainable flight a reality”.

He says electric aircraft “will shape the future of the aviation and transportation industries, making air travel cleaner, cheaper and more efficient”.

“We are at the dawn of a new era in aviation and Clermont is investing in innovation to lead this transformation,” says Chandler.

Eviation unveiled its first full-scale Alice prototype at the Paris air show in June, and is now preparing the type for its maiden sortie at the end of the year.

Three aircraft are pegged for the flight-test campaign, says Eviation, with certification and service entry of the nine-passenger type expected in 2022. US regional airline Cape Air is the commercial launch customer for the Alice, with a double-digit order for the nine-passenger type.

21 FEBRUARY, 2020
Chairman’s Article: The Goodness of Business

Clermont’s Chairman, Mr Richard Chandler, explains how and why Clermont’s Operating Companies are harnessing the potential goodness of business.


21 FEBRUARY, 2020
Building a Healthcare Champion

Nguyen Thuc Anh, CEO of Hoan My Group, tells the story of Hanh Phuc hospital, one of the leading women and children’s hospitals in South East Asia.


21 FEBRUARY, 2020
Unblocking the Governance Waterfall

Wu Wei Neng, CEO of the Chandler Institute of Governance, writes about why good governance is the foundation on which prosperous nations are built.


21 FEBRUARY, 2020
A World Flourishing With Everyone’s Creativity

Tim Hanstad, CEO of the Chandler Foundation, reflects on how the Foundation is working to narrow the “prosperity gap”.


26 DECEMBER, 2019
Is a 63-Year-Old Seaplane With an Electric Engine the Future of Air Travel?

The New York Times writes about the world’s first fully-electric commercial flight, a Harbour Air Beaver seaplane powered by a magni500 motor.


15 NOVEMBER, 2019
Hoan My Wins “Vietnam Hospital of the Year” Award

Hoan My, a Clermont operating company, was presented with the prestigious Frost & Sullivan “Vietnam Hospital of the Year” award for the fourth year in a row.


18 JUNE, 2019
Eviation Announces US Regional Airline as First Customer

CNBC writes about Alice’s debut at the Paris Air Show, and explains how the electric flight era is “closer than you think”.