May 13, 2021
Business News

JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline’s Ambitious Sustainability Strategy

SAN CARLOS, Calif.–()–JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways (Nasdaq: JBLU), today announced its investment in Universal Hydrogen, the company fueling carbon-free flight, as part of its $20.5M Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its burgeoning commercial activities.

JTV’s primary goal is to better position JetBlue with startup-led innovation set to disrupt the travel industry, ultimately helping JetBlue chart a path toward net zero emissions. JTV supports JetBlue’s ambitious sustainability strategy and targets by…

Click here to view the original article.

Related Posts

You might also like ...

Farfetch Announces First Quarter 2021 Results
Aeva Reports First Quarter 2021 Results
AON Splash Image
Infinity Pharmaceuticals Reports First Quarter 2021 Financial Results and Provides Company Update