Tech Moves: MagniX CEO named chair of Israeli electric plane venture; Cascadia Capital hires managing director


Eviation CEO Omer Bar-Yohay and MagniX CEO Roei Ganzarski show off a MagniX test motor equipped with an Eviation Alice propeller. (MagniX Photo)

— Roei Ganzarski, the CEO of Redmond, Wash.-based electric propulsion startup MagniX, is the new chairman of the board at Israeli electric plane company Eviation.

MagniX and Eviation are partnering to develop the Alice all-electric airplane, a nine-seater that could roll out commercially in 2022. Eviation is also gearing up for manufacturing and testing, with ground tests planned in Arizona and flight tests primarily targeted for Moses Lake, Wash.

Both MagniX and Eviation are owned by the Clermont Group, a privately held business group based in Singapore. Ganzarski is also chairman of Clermont Aerospace, the aviation division of the Clermont Group. He previously served as CEO of software firm BoldIQ.

“Eviation, MagniX and Clermont Aerospace are working together to realize the dream of sustainable regional travel and transform the future of aviation,” Ganzarski said in a statement. “Our vision is that our children and grandchildren will fly on clean, low-cost aircraft because of the innovations we are bringing to the industry today.”

In addition to its Eviation partnership, MagniX is also working with Richmond, B.C.-based Harbour Air to convert some of its planes to electric propulsion. The first flight tests of a converted Harbour Air plane are due to take place next month in the Vancouver area.

Brian Bogen. (Cascadia Photo)

— Investment bank Cascadia Capital named Brian Bogen to the role of managing director for the firm’s private capital group. Bogen was formerly CEO of North Star Petroleum and an executive at Saltchuk.

“I’m honored to join Cascadia Capital at an exciting point in the Firm’s growth trajectory, and pleased to continue to serve family-owned businesses in the Northwest through the Firm’s Private Capital platform,” Bogen said in a statement. “As a Pacific Northwest native, I’m committed to and passionate about partnering with local business owners to drive success for their companies and our region.”

Cascadia Capital will invest up to $500 million in Pacific Northwest companies with the creation of its new “Investment Club,” a unique group of family offices and other backers interested in long-term deals.

— Capital One demoted chief information security officer Michael Johnson in the wake of its data breach scandal. Johnson will remain at the company as senior vice president and special advisor dedicated to cybersecurity. The Wall Street Journal first …read more


Source:: GeekWire

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