Greenjets raises £30M Series A to build low-cost drone interceptors
What's the deal? UK propulsion and aerospace company GreenjetsDealroom has a profile for this one. Try Dealroom → has raised £30 million in Series A funding to develop low-cost drone interceptors. Blossom CapitalDealroom has a profile for this one. Try Dealroom → led the round, joined by the NATO Innovation FundDealroom has a profile for this one. Try Dealroom →, the National Security Strategic Investment Fund, and existing investors Tanglin VenturesDealroom has a profile for this one. Try Dealroom → and Sturm Family Office.
How big is it? The round ranks in the 96th percentile of all-time Series A deals in UK transportation, based on 165 comparable rounds. Greenjets aims to become the UK's next aerospace "prime" — the primary contractor at the top of a supply chain.
Why now? The raise lands days after the Ministry of Defence selected Greenjets as one of three companies under its Low-Cost Air Defence Effectors (LCADE) programme to build a British drone interceptor. That interceptor moves into demonstration trials later this year.
LCADE forms part of LEAP, a five-nation European effort spanning the UK, Poland, France, Italy, and Germany, with the UK the first partner to put suppliers on contract.
What's the endgame? Greenjets' portfolio spans propulsion systems, aircraft platforms, and launch technologies built on a shared technology stack for rapid iteration and production at scale. Over the past year, it has expanded from 12,000 to nearly 70,000 square feet of UK facilities and is on track to grow from 160 to more than 250 people.
Going global. Headquartered in the UK with operations in Germany, Greenjets is expanding across India, the Middle East, and the US as demand for sovereign aerospace technologies grows. It is under contract on multiple UK and international programmes.
Chief executive officer Anmol ManoharDealroom has a profile for this one. Try Dealroom → and chief technology officer Guido MonterzinoDealroom has a profile for this one. Try Dealroom → said the war in Ukraine "reinforced just how important those same technologies are in protecting lives, strengthening Europe's resilience and enabling the future of flight."
What investors say. Patrick Schneider-SikorskyDealroom has a profile for this one. Try Dealroom →, partner at the NATO Innovation Fund, said propulsion "is the constraint that determines whether an interceptor can close the gap on a 500 km/h target or vice versa," calling Greenjets "exactly the kind of Allied supply-chain technology we were set up to back."
The signal: With European defence budgets rising and demand for sovereign capability climbing, backing from NATO and UK state-linked funds signals that propulsion and low-cost interceptors are becoming a strategic priority — and that private capital is following.
Read more: BusinessCloud
Image credit: Generated with Gemini
