New Frontier Aerospace (NFA) – a leading developer of advanced aerospace technologies – announced that it has closed a seed funding round with Pacific Bays Capital (PacCap), which is a Tokyo-based investment fund focused on the aerospace, space, green agriculture and energy sectors.
New Frontier Aerospace is a privately held technology company offering advanced propulsion systems to power multiple products, including net carbon negative hypersonic aircraft for civil, commercial, and defense customers. And the company is dedicated to enabling fast, routine and cost-effective access to any point on Earth – and to any destination in cislunar space.
KEY QUOTES:
“We are thrilled to have Pacific Bays Capital as an investor and partner as we continue to advance our cutting-edge aerospace technologies. Their global networks and expertise in our focus areas will be invaluable as we work to expand our business and bring our innovations to new markets around the world.”
-Bill Bruner, CEO of New Frontier Aerospace
“New Frontier Aerospace is pioneering important advancements in aerospace that have the potential to transform the industry. We are excited to work closely with the NFA team on providing affordable and safe hypersonic transportation to both commercial and defense customers.”
-PacCap Partner Dr. Jason Nye
