Cranfield Aerospace Solutions attracts fresh investment
Cranfield Aerospace Solutions (CAeS) has secured fresh backing from the Middle East for its work developing low-emission aircraft, taking the current investment round to £14.4 million.
The Strategic Development Fund (SDF),…
Cranfield Aerospace Solutions (CAeS) has secured fresh backing from the Middle East for its work developing low-emission aircraft, taking the current investment round to £14.4 million.
The Strategic Development Fund (SDF), the investment arm of the Tawazun Economic Council of the UAE, and Motus Ventures are the parties to give their backing.
CAeS is a pioneer in aerospace design and the manufacture of new aircraft design concepts and complex modifications to existing aircraft. CAeS’ focus is now on Project Fresson, the unlocking of commercial hydrogen-electric propulsion flight.
‘Future of aviation’
Paul Hutton, CEO at CAeS, commented: “We are very excited to welcome our new investors – Tawazun SDF and Motus Ventures – to join us on our journey in delivering the world’s first fully certified zero-emissions commercial passenger aircraft to the market.
“To continue the work on Project Fresson we need private investment. The onboarding of Tawazun SDF and Motus Ventures shows the confidence and trust they have in our experience and ability to deliver the technology needed to create the future of aviation.”
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