Mako Aerospace
The business, the turning points, and the decisions behind them.
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Sections to complete：02
01 / WHAT IT BUILT
What the company did
Mako Aerospace was an Edinburgh-based startup founded in 2019 by Kieran Duncan, developing electric propulsion systems for electric aircraft. Its high-efficiency, high-specific-power motors were designed to increase the range and lower the operating costs of aircraft electrification projects, targeting short-haul electric flight. The company raised about $700,000 in angel and seed funding and worked with Scottish manufacturing partners on electric-machine R&D.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Kieran Duncan founded Mako Aerospace in Edinburgh to build high-performance electric propulsion systems for electric aircraft.
- Angel funding
The company raised a $500,000 angel round to develop its electric propulsion technology.
- Seed funding
Mako Aerospace closed a seed round, bringing total raised to around $700,000, and worked with the National Manufacturing Institute Scotland on electric-machine R&D.
- Out of business
PitchBook marks Mako Aerospace as out of business as of June 2024.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Founded 2019 in Edinburgh by Kieran Duncan; electric propulsion systems for electric aircraft.
- 02
Raised a $500,000 angel round in September 2021 and a seed round in May 2022; investors included at.inc.
- 03
Collaborated with the National Manufacturing Institute Scotland on superconducting electric-machine R&D for sustainable aviation.
- 04
Listed as out of business as of June 18, 2024 (PitchBook); no public shutdown announcement found.
- 05
No reliable loss figure disclosed; funding rounds are not losses.