JetZero Secures $175 Million in Series B Funding for Blended-Wing Aircraft
JetZero, a California-based aerospace startup, has raised $175 million in a Series B funding round to advance its blended-wing aircraft. The funding, led by B Capital and major aerospace and airline players, will support development of a demonstrator slated for a 2027 first flight.
Insights:
JetZero, a promising aerospace startup based in California, has successfully completed a $175 million Series B funding round. The round was led by B Capital and included significant contributions from Northrop Grumman Corporation , United Airlines Holdings Inc , 3M Company , and RTX Corporation . This influx of capital is set to accelerate the development of JetZero's innovative blended-wing aircraft demonstrator, which promises to deliver at least 30% improved aerodynamics over traditional tube-and-wing aircraft designs.
The Series B funding milestone marks a significant step in JetZero's journey, bringing its total funding to over $1 billion. This includes backing from various sectors, such as government grants and commercial investments, highlighting the broad confidence in the company's technology. The U.S. Air Force, in particular, has shown support by awarding JetZero a $235 million contract in 2023 to develop its demonstrator.
