PE-VC Fund Investments
Hydrogen-powered engines maker Green Aero raises $1.6 M led by pi Ventures
New-Delhi based Green Aero has raised USD 1.6 million in a seed round led by pi Ventures, with participation from Antler.Green Aero makes hydrogen-powered engines for defence sector applications. The funding will be used for research and development (R&D) efforts, setting up of an in-house testing facility and team expansion as the firm prepares for commercial pilots in defence and aviation.The company plans to commercialise its first small-category engine within the next 12 months while laying the groundwork for a larger engine platform.
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