Greenjets Secures €35 Million Series A Funding to Propel Next-Gen Aviation Technologies
Greenjets, a pioneering London-based aerospace technology company, is making headlines with its recent announcement of a €35 million ($40 million) Series A funding round. This significant financial milestone is led by Blossom Capital, accompanied by strategic support from the NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), and existing investors such as Tanglin Ventures and the NSFO Family Office.
The Vision: Innovating Aviation’s Future
Founded in 2022 by Anmol Manohar and Dr. Guido Monterzino, Greenjets is on a mission to reshape aviation with cutting-edge technologies. In a joint statement, the CEO and CTO emphasized the importance of their work: “The conflict in Ukraine has reinforced the importance of these same technologies to protect lives, strengthen Europe’s resilience, and enable the future of flight. We believe that building an affordable defensive capability is a necessary response to today’s realities.”
Greenjets’ proprietary engine technology claims to enhance aircraft safety while reducing the certification burden. The company is at the forefront of developing propulsion architectures, ranging from ducted electric fans to turbofan engines, combined with advanced aircraft integration and cost-effective manufacturing. This innovative approach promises quieter, faster, and more efficient aircraft tailored to modern aerospace demands.
Addressing Modern Challenges
As recent conflicts have highlighted the rapid evolution of aviation, Greenjets is poised to offer affordable technologies to protect people and critical infrastructure. Their integrated portfolio spans propulsion systems, aeronautical platforms, and launch technologies, built on a unified technology stack. This enables rapid iteration and large-scale deployment across various aerospace applications.
The NATO Innovation Fund underscores the urgency of these advancements, citing the rapid production increase of attack drones like Russia’s Shahed-class. Greenjets is addressing this challenge by providing engines and airframes capable of intercepting high-speed threats, filling a critical gap in current defense capabilities.
Expanding Horizons
Greenjets is under contract with several UK and international programs, progressing towards demonstration trials with the UK Ministry of Defense and partners. The company has expanded its UK facilities and is on track to grow its workforce significantly, supporting the transition from development to full-scale production.
Patrick Schneider-Sikorsky, a partner at NIF, highlighted the pivotal role of propulsion in the defense industry: “Greenjets addresses this problem at the engine and airframe level, significantly improving the performance of UAS and CUAS companies.”
With the new funding, Greenjets plans to accelerate its transition from development to production, aiming to deliver thousands of systems over the next year. This investment will also fuel the development of their propulsion, aircraft, and launch technologies, while expanding their international presence, particularly in India, the Middle East, and the United States.
Recently, Greenjets was selected by the UK Ministry of Defense under the Low-Cost Air Defense Effectors (LCADE) program to develop a low-cost UK drone interceptor. This effort is part of a broader European initiative, with demonstration trials expected later this year.
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