PA
Propel Aero, Inc.
StreetZero Signal 68
About Propel Aero, Inc.
Propel Aero, Inc. develops High Energy Redox Engine technology for high-energy storage solutions aimed at electrifying domestic aircraft. The company was selected for the U.S. Department of Energy ARPA-E PROPEL-1K program. It received a $1,117,000 award to advance next-generation energy storage for aviation electrification.
LATEST FUNDINGPrivate Placement
$10.5M
Announced 2026-10-21
TOTAL RAISED$10,485,078
IN THE NEWS
- 🔗 Department of Energy Awards $1 Million to Ann Arbor Company to Develop High-Energy Storage Solutions to Electrify Domestic Aircraft
- 🔗 Form D Propel Aero, Inc.
- 🔗 Grants worth over $220,000 to be given to aviation companies to propel technologies and solutions | News | International Airport Review
- 🔗 Propel IPO Timeline and Financing Details - Forge
- 🔗 The PROPEL Program | NEMC
EMPLOYEES—
FOUNDED—
HQSunnyvale, CA
Industry
Other Technology
Tags
AviationEnergy StorageElectrificationARPA-E
Investors
Not disclosed in the source filing. Form D filings do not list investors — StreetZero surfaces them from news where available.
Key highlights
- Raised $10,485,078 via private placement with undisclosed investors.
- Awarded $1,117,000 DOE ARPA-E grant under the PROPEL-1K program.
- Developing High Energy Redox Engine technology for aircraft electrification.
- One of 12 projects selected nationally for combined $15 million in ARPA-E funding.
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Source document & SEC filing
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