Low-cost Houston airline will expand flights in the Northeast this fall

The new service gives Houstonians a direct line to Hartford, the capital of Connecticut. Photo via aveloair.com

When it made its debut in June, soaring out of Houston's Hobby Airport, Avelo Airlines gave Houstonians another connection to the Northeast via a nonstop flight to New Haven, Connecticut (HVN) (also known as the Pizza Express). Now, the airline has announced another Northeast route that will begin this fall: Houston to Hartford's Bradley International Airport (BDL).

The airline will offer flights twice each week, on Mondays and Fridays, beginning November 15 on Boeing Next-Generation 737 aircraft. Fares will begin at $98. It cements Avelo's status as the only airline flying nonstop from Houston to Connecticut.

"We are excited to debut our second route from Houston," Avelo Airlines founder and CEO Andrew Levyin said in a statement. "I am very encouraged by the response to our inaugural service between Houston and New Haven, Connecticut, and I'm optimistic we'll see a positive response on both ends of this route, as well. We're already hearing from our customers how excited they are about the convenience, affordability, and reliability Avelo is introducing to Houston."

The new service gives Houstonians a direct line to Hartford, the capital of Connecticut. Its location means travelers can easily access the mountains and arts districts of Massachusetts' Berkshires, the rural beauty of western Connecticut, as well as small, picturesque towns just over the Connecticut line into New York. Hartford is also within striking distance to some of Connecticut's most popular attractions, including the Mark Twain House and Museum, performing arts centers, and more. It's also about an hour away from Providence, Rhode Island, making it a gateway to the Ocean State's beaches and attractions in Newport and beyond.

"This addition provides even more options for travelers seeking convenient and affordable connections between Houston and the Northeast. Following the success of their Hobby Airport to Tweed-New Haven route, this new flight further strengthens Hobby Airport's position as a leading regional travel hub," said Jim Szczesniak, director of aviation for Houston airports.

Avelo Airlines ranked No. 1 in on-time performance and achieved the lowest flight cancellation rate in the industry during the first half of 2024, according to results reported by Anuvu, a leading aviation data services company.The low-cost carrier offers seat assignments for an additional fee, and reserves one-third of its cabin as seats with extra legroom.

Customers may also opt to pay extra for things like priority boarding, checked bags, carry-on overhead bags, and bringing a pet in the cabin. There are no extra fees to change or cancel reservations, and the airline automatically seats children under the age of 14 with an accompanying adult for no extra charge.

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This article originally ran on CultureMap.

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Houston edtech company closes oversubscribed $3M seed round

fresh funding

Houston-based edtech company TrueLeap Inc. closed an oversubscribed seed round last month.

The $3.3 million round was led by Joe Swinbank Family Limited Partnership, a venture capital firm based in Houston. Gamper Ventures, another Houston firm, also participated with additional strategic partners.

TrueLeap reports that the funding will support the large-scale rollout of its "edge AI, integrated learning systems and last-mile broadband across underserved communities."

“The last mile is where most digital transformation efforts break down,” Sandip Bordoloi, CEO and president of TrueLeap, said in a news release. “TrueLeap was built to operate where bandwidth is limited, power is unreliable, and institutions need real systems—not pilots. This round allows us to scale infrastructure that actually works on the ground.”

True Leap works to address the digital divide in education through its AI-powered education, workforce systems and digital services that are designed for underserved and low-connectivity communities.

The company has created infrastructure in Africa, India and rural America. Just this week, it announced an agreement with the City of Kinshasa in the Democratic Republic of Congo to deploy a digital twin platform for its public education system that will allow provincial leaders to manage enrollment, staffing, infrastructure and performance with live data.

“What sets TrueLeap apart is their infrastructure mindset,” Joe Swinbank, General Partner at Joe Swinbank Family Limited Partnership, added in the news release. “They are building the physical and digital rails that allow entire ecosystems to function. The convergence of edge compute, connectivity, and services makes this a compelling global infrastructure opportunity.”

TrueLeap was founded by Bordoloi and Sunny Zhang and developed out of Born Global Ventures, a Houston venture studio focused on advancing immigrant-founded technology. It closed an oversubscribed pre-seed in 2024.

Texas space co. takes giant step toward lunar excavator deployment

Out of this world

Lunar exploration and development are currently hampered by the fact that the moon is largely devoid of necessary infrastructure, like spaceports. Such amenities need to be constructed remotely by autonomous vehicles, and making effective devices that can survive the harsh lunar surface long enough to complete construction projects is daunting.

Enter San Antonio-based Astroport Space Technologies. Founded in San Antonio in 2020, the company has become a major part of building plans beyond Earth, via its prototype excavator, and in early February, it completed an important field test of its new lunar excavator.

The new excavator is designed to function with California-based Astrolab's Flexible Logistics and Exploration (FLEX) rover, a highly modular vehicle that will perform a variety of functions on the surface of the moon.

In a recent demo, the Astroport prototype excavator successfully integrated with FLEX and proceeded to dig in a simulated lunar surface. The excavator collected an average of 207 lbs (94kg) of regolith (lunar surface dust) in just 3.5 minutes. It will need that speed to move the estimated 3,723 tons (3,378 tonnes) of regolith needed for a lunar spaceport.

After the successful test, both Astroport and Astrolab expressed confidence that the excavator was ready for deployment. "Leading with this successful excavator demo proves that our technology is no longer theoretical—it is operational," said Sam Ximenes, CEO of Astroport.

"This is the first of many implements in development that will turn Astrolab's FLEX rover into the 'Swiss Army Knife' of lunar construction. To meet the infrastructure needs of the emerging lunar economy, we must build the 'Port' before the 'Ship' arrives. By leveraging the FLEX platform, we are providing the Space Force, NASA, and commercial partners with a 'Shovel-Ready' construction capability to secure the lunar high ground."

"We are excited to provide the mobility backbone for Astroport's groundbreaking construction technology," said Jaret Matthews, CEO of Astrolab, in a release. "Astrolab is dedicated to establishing a viable lunar ecosystem. By combining our FLEX rover's versatility with Astroport's civil engineering expertise, we are delivering the essential capabilities required for a sustainable lunar economy."

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This article originally appeared on CultureMap.com.

Houston biotech co. raises $11M to advance ALS drug development

drug money

Houston-based clinical-stage biotechnology company Coya Therapeutics (NASDAQ: COYA) has raised $11.1 million in a private investment round.

India-based pharmaceuticals company Dr. Reddy’s Laboratories Inc. led the round with a $10 million investment, according to a news release. New York-based investment firm Greenlight Capital, Coya’s largest institutional shareholder, contributed $1.1 million.

The funding was raised through a definitive securities purchase agreement for the purchase and sale of more than 2.5 million shares of Coya's common stock in a private placement at $4.40 per share.

Coya reports that it plans to use the proceeds to scale up manufacturing of low-dose interleukin-2 (IL-2), which is a component of its COYA 302 and will support the commercial readiness of the drug. COYA 302 enhances anti-inflammatory T cell function and suppresses harmful immune activity for treatment of Amyotrophic Lateral Sclerosis (ALS), Frontotemporal Dementia (FTD), Parkinson’s disease and Alzheimer’s disease.

The company received FDA acceptance for its investigational new drug application for COYA 302 for treating ALS and FTD this summer. Its ALSTARS Phase 2 clinical trial for ALS treatment launched this fall in the U.S. and Canada and has begun enrolling and dosing patients. Coya CEO Arun Swaminathan said in a letter to investors that the company also plans to advance its clinical programs for the drug for FTD therapy in 2026.

Coya was founded in 2021. The company merged with Nicoya Health Inc. in 2020 and raised $10 million in its series A the same year. It closed its IPO in January 2023 for more than $15 million. Its therapeutics uses innovative work from Houston Methodist's Dr. Stanley H. Appel.

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