A pivotal moment in George Bye’s entrepreneurial life came in 2006. As the creator of a hot new aircraft called the Javelin, Bye was getting wined and dined by Silicon Valley’s elite, who wanted one of the planes Popular Science described as “a flying sports car.”
That’s how Bye, a former Air Force pilot, ended up riding in the passenger seat of a Tesla Roadster prototype. It was before Elon Musk took over the electric car company. It’s when Bye had his “aha!” moment.
“I got a very short ride in the Roadster in the backstreets behind their warehouse, and that car accelerated faster than my jet in full afterburner. Using electrons at a few pennies compared to gasoline,” recalled Bye, whose Javelin had aimed to reach near supersonic speeds. He called the moment “a revelation not for Tesla, but for George Bye. This became part of my DNA. We can do this. We can make the world a better place.”
He started Bye Aerospace, now based at Centennial Airport, the following year. And since then, the company has made its first test flight of an all-electric Sun Flyer aircraft, added Subaru-SBI Investment and other investors, and collected 226 orders so far for planes that are expected to hit the market in late 2020.
The Javelin? RIP. After a promising start and $160 million valuation, the company failed to get enough funding and filed for bankruptcy in 2008, blaming the recession and the long wait for Federal Aviation Administration
Article source: https://coloradosun.com/2019/01/31/electric-airplanes-developed-by-a-colorado-startup-take-aim-at-global-pilot-shortage/