News

e-Go Aeroplanes secures 950,000 Series B round backed by SyndicateRoom and Angel CoFund

May 16, 2014

The UK’s “first ever” manufacturer of lightweight carbon fibre aeroplanes has announced today that it has closed £950,000 in Series B funding led by government-backed Angel CoFund, the SyndicateRoom, and a group of new and existing business angels including the first British astronaut, Michael Foale.

Founded in 2011, Cambridge-based e-Go aeroplanes is working to create a new form of aircraft which will cost less to fly than traditional aeroplanes, using “novel” technology which takes elements from non-aviation industries such as the avionics, data logging and engine management used in Formula One race cars.

Read the full article on startups.co.uk website here

Investment Team

Meet the team

We’re pretty sparing with our email comms, but when there are interesting and relevant things happening it’s great to share. If you’d like to receive updates and hear more about what is happening with Angel CoFund and the portfolio then please sign up here.