JetBlue Airways today announced that its venture capital subsidiary, JetBlue Technology Ventures, has taken on a limited partnership with a sustainable fuel company.
JetBlue will invest in California-based TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise.
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Like many airlines, JetBlue is searching for cheaper, alternative fuels to reduce its carbon footprint.
“All industries have something to gain from working collaboratively on climate solutions that matter,” Amy Burr, President of JetBlue Technology Ventures, said in a statement.
TPG Rise Climate is a multibillion-dollar investment fund focused on supporting climate solutions at scale. It seeks to work collaboratively with companies, entrepreneurs, and scientists who are pioneering innovative climate solutions across five key…