Poseidon Aerospace, an aerospace logistics startup founded by ex-Amazon and ex-Lockheed Martin engineers, has closed a $60 million Series A funding round led by early-stage VC firm TQ Ventures. The round includes new investments from Hanwha Asset Management, G Squared, and JAWS, alongside existing backers Starship Ventures, Draper Associates, and Drover Ventures. The capital will support the company's mission to build cost-effective autonomous cargo aircraft, with its first uncrewed test flight of the Egret aircraft expected by year-end. Poseidon is taking a pragmatic approach to aerologistics, using conventional combustion engines and fixed-wing design rather than emerging technologies like vertical takeoff or electric powertrains.
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Company Information
Company
Poseidon Aerospace
Location
Palo Alto, California, United States
About
Poseidon Aerospace is developing unmanned cargo aircraft for aerologistics, focusing on cost-effective cargo transportation rather than flashy technology. The company is building fixed-wing aircraft powered by conventional combustion engines, including the Egret and its seaplane variant Heron, designed to operate without pilots. Poseidon targets defense and regional commercial cargo markets, with plans to operate its own air cargo business serving routes with degraded infrastructure. The startup emphasizes autonomy and remote piloting to reduce operational costs and enable more flexible, point-to-point cargo delivery.
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Palo AltoTransportationAerospace