Greenjets, the British aerospace technology company developing propulsion systems, aircraft platforms and launch technologies for aviation, has raised a $40m (£30m) Series A round.
The company says recent conflicts have demonstrated how rapidly aviation is changing and how urgently Europe needs affordable technologies that can protect people, critical infrastructure and national resilience.
Greenjets says its technologies are helping address that challenge, applying the same advances in propulsion, aircraft integration and manufacturing that underpin a wider aerospace portfolio.
The firm’s portfolio spans propulsion systems, aircraft platforms and launch technologies that are built on a common technology stack that enables rapid iteration, production at scale and deployment across multiple aerospace applications.
The funding round was led by Blossom Capital with participation from the NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), and existing investors including Tanglin Ventures and NSFO Family Office.
The Series A will accelerate Greenjets’ transition from development to production, supporting the delivery of thousands of systems over the next 12 months.
Alongside production scaling, the investment will also accelerate development across the company’s propulsion, aircraft and launch technology portfolio, while supporting continued expansion with international partners and customers.
“When we founded Greenjets, our ambition was to develop the technologies that would shape the future of aviation,” says co-founders of Greenjets Anmol Manohar, CEO, and Guido Monterzino, CTO, in a joint statement.
“The conflict in Ukraine has reinforced just how important those same technologies are in protecting lives, strengthening Europe’s resilience and enabling the future of flight. We believe building affordable defensive capability is a necessary response to today’s realities, and a natural extension of our mission to advance aviation.”
