What Happened
Startup Advances Z4 Development with New Funding Round
JetZero has secured an additional $100 million in funding to support the development of its Z4 blended wing body aircraft, capable of carrying 250 passengers over 5,000 nautical miles. The investment, led by Pinegrove Credit Partners and backed by several major financial institutions, brings JetZero’s total raised capital to around $200 million. The company plans to use the funds to advance tooling and production facilities in North Carolina, with further fundraising rounds likely necessary to support its ambitious projects, including the construction of a greenfield manufacturing facility. The funding was announced by AeroTime.