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In a remarkable development, Lithuanian aerospace startup WeSky has secured a substantial funding round of EUR 1.1 million from prominent investors, including LitBAN angels, Coinvest Capital, Baltic Sandbox Ventures, and Notarc Management Group. This significant financial injection is set to propel WeSky forward in its mission to revolutionize sustainable in-seat power systems for commercial aircraft, aiming to create solutions that are not only lighter than competitors but also reduce CO2 emissions and operational costs for airlines.
More than 30 LitBAN angels formed a powerful syndicate, showcasing the growing enthusiasm and support for innovative ventures in the aerospace industry. This collaborative effort speaks volumes about the potential WeSky holds and the confidence these investors have in its vision and capabilities.
WeSky's pioneering technology focuses on sustainable in-seat power systems, addressing a critical need within the aviation industry for more environmentally friendly and efficient solutions. By developing systems that are lighter than existing alternatives, WeSky not only contributes to a greener planet but also enhances airline operations by reducing overall weight and fuel consumption.
The announcement of this successful funding round follows WeSky's selection as a target startup during our Screening Program in March 2023. The WeSky team and its supporters are elated to share this milestone, highlighting the collective effort and belief in the company's potential.
The aerospace sector is witnessing a surge of interest and investment, and WeSky stands at the forefront, poised to make a lasting impact in the industry. With this recent funding infusion, WeSky is well-positioned to accelerate its research, development, and deployment of sustainable solutions that will shape the future of aviation.
Congratulations to WeSky, its visionary leadership, dedicated team, and the generous investors who have propelled this aerospace startup towards a brighter and more sustainable future.