#USA #CFO #Electra.aero #Manassas #Max Ochoa

Electra.aero Welcomes Max Ochoa as CFO

Electra.aero, Inc. has recently appointed Max Ochoa as the new Chief Financial Officer (CFO), a strategic move aimed at guiding the company through its dynamic growth phase. With over 20 years of experience in finance, legal issues, and human resources, Ochoa is expected to play a crucial role in overseeing Electra's finance and legal departments as it rolls out its innovative Ultra Short aircraft.

The addition of Ochoa comes as Electra is preparing to scale its operations to meet increasing demand in both commercial and defense markets. The company highlights that its Ultra Short aircraft, capable of taking off and landing in just 150 feet, offers a significantly smaller operational footprint compared to legacy airplanes. This groundbreaking capability not only allows for more flexible operational constraints but also opens new avenues for business in underserved areas without existing aviation infrastructure.

Under the leadership of CEO Marc Allen, there is great anticipation surrounding Ochoa's appointment. "Max's track record in scaling organizations and leading them through periods of rapid growth makes him an invaluable addition to our leadership team," Allen noted. His extensive experience, especially as a CFO in high-tech companies, is expected to align Electra's financial structure with ambitious corporate milestones in the coming years.

Ochoa, who holds a JD from Stanford Law School as well as advanced degrees in aerospace engineering, is well-equipped to handle the financial complexities of the aerospace industry. He has previously served as CFO and General Counsel at Satelles, where he facilitated its acquisition by Iridium Satellite Communications. His career also includes leadership roles in notable companies such as Alation, Turn, and TiVo.

In conjunction with the announcement of Ochoa's appointment, Electra revealed its recent success in securing $115 million in Series B funding, led by Prysm Capital. This funding will be instrumental for the company as it enters pre-production and certification stages for its innovative aircraft. The EL9 model, a nine-passenger aircraft, is projected to create new business models for air travel by seamlessly integrating into existing transport networks. It's designed to meet the needs of air operators requiring low-noise aircraft suitable for communities with strict noise regulations.

Ochoa's expertise aligns well with Electra's mission to redefine air connectivity by addressing critical challenges in aviation today. As Electra continues to surpass industry expectations, having achieved over 2,200 pre-orders for the EL9, Ochoa's strategic financial leadership will be vital in navigating this unprecedented growth. In his words, "The EL9's real-world utility and integration into today's existing ecosystem make it an incredibly compelling solution. I am honored to join this talented team to help bring this transformative aircraft to market for both commercial and defense customers."

Electra’s efforts represent a significant step towards Direct Aviation, a new category that promises to revolutionize personal and cargo air travel, eliminating traditional airport needs, emissions, and noise pollution. With a robust backing from strategic investors like Lockheed Martin Ventures, Honeywell, and Safran, the firm is poised to make substantial advancements in aerospace technology and air mobility.

As Electra looks to the future, the inclusion of Max Ochoa on its executive team signifies the ambition and capability to forge ahead in transforming air travel into a more accessible and efficient means of transportation. With a continuous focus on innovation and operational excellence, the company stands committed to achieving its visionary goals in the aviation sector.