The Clermont Group Acquires Majority Control of Eviation
30 August, 2019 | FlightGlobal
Kate Sarsfield

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.

Short Hops, Clean Air and the Sweet Spot for Electric Aircraft
9 JULY, 2019

Analysis by New Atlas explains the role that electric technologies play in creating an environmentally friendly future for air travel.


The Paris Air Show Sold $15 billion in Planes. A $4 million Electric Stole the Show
23 JUNE, 2019

Quartz writes about how the electric motor is reshaping the aerospace industry, and why Eviation’s Alice is at the forefront of this revolution.


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

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


Smaller Planes Could Soon Use Electric Propulsion
30 MAY, 2019

Analysis from The Economist shows a growing recognition for a cultural shift in aerospace towards increased use of electric engines.


What Systems Change and Starfish Have in Common
3 APRIL, 2019

The Chandler Foundation’s CEO describes how many of the responses to the big problems of our world today address only symptoms, not causes.


Leadership in an Uncertain World
26 MARCH, 2019

In the 2019 Clermont Chairman’s letter to stakeholders, Richard Chandler explains the importance of trust and values in building sustainable companies.


Shaping Cities, Transforming Nations
4 FEBRUARY, 2019

This report by the Chandler Institute of Governance sheds light on the critical role of cities in building prosperous nations.