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JetZero closes a $100 million financing facility to advance the Z4 program. The secured loan, led by Pinegrove Partners and Silicon Valley Bank, will support technology maturation and U.S. facility buildout.

PRIVATEAug 31, 20268 days ago

Amount Raised

$100 Million

Round Type

Debt Financing

Long BeachManufacturingAerospace

Investors

Silicon Valley BankPinegrove Partners

Description

JetZero today announced the closing of a senior secured term loan facility of up to $100 million. The capital will accelerate technology maturation and expansion of U.S. manufacturing. Proceeds will support the demonstrator manufacturing and facility buildout

Company Information

Company

JetZero

Location

4150 E Donald Douglas Dr

Long Beach, California, United States

About

JetZero is developing an ultra-efficient Blended Wing Body jet with unprecedented performance. Working with the US Air Force, NASA and the FAA for entry-into-service by 2030. The JetZero Blended Wing is the biggest leap in commercial aircraft architecture since the dawn of the jet age and the best first step toward the ultimate goal of zero-carbon emissions aviation. The aircraft will launch in 2030 with 100% SAF compatibility, and the internal volume to accommodate zero-carbon emissions hydrogen.

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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

JetZero raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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