# VerdeGo Aero

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verdego-aero

- Industry: Power & Utilities
- Headquarters: Daytona Beach, US
- Website: www.verdegoaero.com
- Total disclosed funding: $11M
- Latest round: Series A (Jul 12, 2024)
- Investors on record: 7

## About

Based in Florida, US, and founded in 2017 by CEO Eric Bartsch, and Erik Lindbergh, Verdego Aero, Inc. develops power and propulsion technologies for the aviation industry to build high-performance electric aircraft. In July 2024, VerdeGo Aero raised an undisclosed amount of venture funding from new investor Florida Opportunity Fund, with participation from returning investors RTX Ventures, DiamondStream Partners, and Cloudbreak VC. Other unspecified investors also participated in the round.

The company’s product line includes a VH-3-185 hybrid powerplant and power-optimized battery modules for hybrid applications. Verdego Aero’s propulsion systems have been selected for applications including Jaunt Air Mobility’s Journey eVTOL vehicle, Airflow’s eSTOL aircraft, and XTI’s TriFan 600.

The company plans to use its proceeds from September 2024 funding to advance the VH-4T 400 kW hybrid-electric powerplant and facilitate the prototype testing of the VH-4T.

## Funding rounds

- Series A, Jul 12, 2024, $2M — Florida Opportunity Fund, RTX Ventures, DiamondStream Partners
- Series A, Aug 8, 2022, $9.4M — Columbia Equity Partners, RTX Ventures, Seyer Industries, Avfuel Corporation, Standish Spring Investments

## Investors

- Columbia Equity Partners (https://capitalatlas.ai/funds/columbia-equity-partners) — Series A
- RTX Ventures (https://capitalatlas.ai/funds/rtx-ventures) — Series A
- Seyer Industries — Series A
- Avfuel Corporation — Series A
- Standish Spring Investments (https://capitalatlas.ai/funds/standish-spring-investments) — Series A
- Florida Opportunity Fund (https://capitalatlas.ai/funds/florida-opportunity-fund) — Series A
- DiamondStream Partners (https://capitalatlas.ai/funds/diamondstream-partners) — Series A