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Verde Go Aero announced it raised $350,000 in an initial filing from an offering of $1.5 Million

May 06, 2021over 4 years ago

Amount Raised

$350,000

Round Type

seed

ArlingtonAerospaceAutomotiveEnergyManufacturing

Company Information

Company

VerdeGo Aero

Location

MicaPlex Suite 220E

Arlington, Massachusetts, United States

About

Established in 2017, the Daytona Beach, Fla.-based company specializes in delivering powerplants that efficiently convert jet fuel or sustainable aviation fuel into electric power, enabling greater performance and mission capability for a wide range of electric aircraft segments including drones, electric vertical-take-off-and landing (eVTOL), short-take-off-and-landing (STOL) aircraft, regional aircraft, and high-speed VTOL airframes. Employing a high-speed development culture, the company is significantly expanding its team of industry-leading electric propulsion experts, creating numerous opportunities for engineering, marketing, finance, and project management professionals working among a world-class team of innovators. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics. "As VerdeGo continues its recruiting of technical and commercial aerospace experts, our growing team is looking forward to leveraging a strong relationship with Pratt & Whitney to address the needs of the hybrid-electric aircraft segment at multiple power levels."VerdeGo Aero is currently developing its third generation of full-scale hybrid-electric powerplant hardware, having already delivered pre-production powerplants for flight test operations. "VerdeGo Aero is excited about the opportunity to continue to develop technologies that convert aircraft engines into hybrid powerplants, and to expand our portfolio offerings and customer base," said Eric Bartsch, CEO of VerdeGo Aero.

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