Region: East of England
Programme: Angel CoFund
Cambridgeshire-based e-Go Aeroplanes is the UK’s first manufacturer of lightweight carbon-fibre aeroplanes.
They cost significantly less to fly than traditional aircraft and are designed to be a product for discerning pilots who relish superior performance.
In May 2014 the Angel CoFund completed the first tranche of its £200K investment into e-Go Aeroplanes as part of the company’s £960k second funding round, investing alongside a new syndicate of 22 angel investors.
Adrian Hillcoat, e-Go CEO, said:
“The Angel CoFund provided capital alongside our private investors to get us going – without it our little plane literally wouldn’t have got off the ground. We’re one of only a few companies still manufacturing complete aircraft in the UK, keeping British aeronautical skills and heritage alive.”