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Oregon man looking for electric plane financing :: WRAL.com

MEDFORD, ORE. — When aerospace engineer Stephan Boutenko read a magazine article about a Chinese-made electric airplane in 2009, he was impressed with the technology — but knew he could come up with a better design.

“I thought, ‘If there’s something significant in the world I can do, this is it,”’?” said Boutenko, an Ashland resident who does consulting work for Boeing and other aerospace companies.

His journey to create a better electric airplane is a tale about engineering, but also a saga about the ups and downs of winning venture capital.

The Chinese company, Yuneec (pronounced “unique”) International, had started with model airplanes. When it built a full-size electric airplane and put a pilot in it, the company became a pioneer in manned electric flight.

Read more at http://www.wral.com/oregon-man-looking-for-electric-plane-financing/13708648/#tjdoVy4ma8B7LPt7.99
More http://www.wral.com/oregon-man-looking-for-electric-plane-financing/13708648/

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