Aerospace Startup Greenjets Raises €35 Mn to Transform Aircraft Propulsion

Greenjets develops advanced propulsion systems, aircraft platforms, and launch technologies to support the next generation of aviation.

The funding round was led by Blossom Capital. Other investors included the NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), and existing investors such as Tanglin Ventures, NSFO Family Office, and others.

Anmol Manohar and Dr. Guido Monterzino, the CEO and CTO of Greenjets, said in a joint statement, “When we founded Greenjets, our ambition was to develop the technologies that would shape the future of aviation. 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.”

 Patrick Schneider-Sikorsky, Partner at NIF, commented, “The speed at which the defence and security drone industry is evolving means that propulsion is the constraint that determines whether an interceptor can close the gap on a 500 km/h target or vice versa. Greenjets is addressing this at the engine and airframe level, meaningfully improving the performance of UAS and CUAS companies, without them having to solve propulsion independently. This is exactly the kind of Allied supply-chain technology we were set up to back.”

Founded in 2022 by Manohar and Dr Monterzino, Greenjets says its patented engine technology can make aircraft safer while also making the certification process simpler and faster.

The company has created its own propulsion technologies, including electric ducted fans and geared turbofan engines, to power the next generation of aircraft.