About VerdeGo Aero
VerdeGo Aero is a company based in Daytona Beach (United States) founded in 2017 by Eric Bartsch and Erik Lindbergh.. VerdeGo Aero has raised $14.64 million across 6 funding rounds from investors including RTX, Hatter Angel Network and Seyer Industries. VerdeGo Aero offers products and services including VH-3 185 kW, VH-4T 400 kW, VH-5 Blended Turbofan, and Aircraft Integration. VerdeGo Aero operates in a competitive market with competitors including ZeroAvia, Whisper Aero, H3X Technologies, Greenjets and Kite Magnetics, among others.
- Headquarter Daytona Beach, United States
- Founders Eric Bartsch, Erik Lindbergh
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.64 M (USD)
in 6 rounds
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Latest Funding Round
$2.03 M (USD), Series B
Jun 25, 2024
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Investors
RTX
& 6 more
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Employee Count
Employee Count
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Products & Services of VerdeGo Aero
VerdeGo Aero offers a comprehensive portfolio of products and services, including VH-3 185 kW, VH-4T 400 kW, VH-5 Blended Turbofan, and Aircraft Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides 185 kW hybrid power for enhanced aircraft performance.
Delivers 400 kW to boost range and efficiency in aviation.
Integrates turbofan technology for optimized aircraft propulsion.
Facilitates hybrid setup for various aircraft types and missions.
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Funding Insights of VerdeGo Aero
VerdeGo Aero has successfully raised a total of $14.64M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $2.03 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $2.0M
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First Round
First Round
(15 Aug 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - VerdeGo Aero | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - VerdeGo Aero | Valuation | Hatter Angel Network |
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| Jul, 2022 | Amount | Series A - VerdeGo Aero | Valuation | RTX |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VerdeGo Aero
VerdeGo Aero has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include RTX, Hatter Angel Network and Seyer Industries. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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DiamondStream Partners is focused on investing in mobility transformation companies.
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Founded Year | Domain | Location | |
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Student-led initiative providing angel investments to privately held companies.
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Founded Year | Domain | Location | |
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Defense and aerospace systems are manufactured and developed by RTX.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VerdeGo Aero
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VerdeGo Aero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verdego Aero Comparisons
Competitors of VerdeGo Aero
VerdeGo Aero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZeroAvia, Whisper Aero, H3X Technologies, Greenjets and Kite Magnetics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Hydrogen fuel cell-powered aviation powertrains are manufactured for emission reduction.
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Electric aircraft, drones, and propulsion systems are designed and developed.
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| domain | founded_year | HQ Location |
Motor drives for electric aircraft propulsion are developed.
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| domain | founded_year | HQ Location |
Quiet, safe electric propulsion systems for aircraft are developed.
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| domain | founded_year | HQ Location |
Electric propulsion systems for aircraft are designed and manufactured.
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| domain | founded_year | HQ Location |
Provider of design and manufacturing solutions for advanced propulsion systems
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verdego Aero
Frequently Asked Questions about VerdeGo Aero
When was VerdeGo Aero founded?
VerdeGo Aero was founded in 2017.
Where is VerdeGo Aero located?
VerdeGo Aero is headquartered in Daytona Beach, United States. It is registered at Daytona Beach, Florida, United States.
Is VerdeGo Aero a funded company?
VerdeGo Aero is a funded company, having raised a total of $14.64M across 6 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Aug 15, 2017.
What does VerdeGo Aero do?
VerdeGo Aero was founded in 2017 in Daytona Beach, United States, within the electric aviation sector. Hybrid-electric aircraft are developed by the company for applications including air taxis, air ambulances, and express cargo transportation. Dual tilt-wing configurations and eight independent rotors, each powered by an electric motor, are featured in its designs. Operations focus on advancing propulsion systems for sustainable flight.
Who are the top competitors of VerdeGo Aero?
VerdeGo Aero's top competitors include ZeroAvia, Whisper Aero and H3X Technologies.
What products or services does VerdeGo Aero offer?
VerdeGo Aero offers VH-3 185 kW, VH-4T 400 kW, VH-5 Blended Turbofan, and Aircraft Integration.
Who are VerdeGo Aero's investors?
VerdeGo Aero has 7 investors. Key investors include RTX, Hatter Angel Network, Seyer Industries, DiamondStream Partners, and Avfuel.