BluJ Aero bags funding to create sustainable freight aircraft
Image Credit: inc42
Aerospace startup BluJ Aero has bagged more than $2 Mn in a seed funding round led by Endiya Partners and Ideaspring Capital, with participation from Rainmatter Foundation. The startup is going to use the funding for developing a vertical take-off and landing (VTOL) aircraft powered by hydrogen fuel cell technology. According to an Economic Times report, this is the startup’s first equity funding for developing its first commercial product.