Cosmic Aerospace announces it has secured initial funding for its mission to accelerate the transition to sustainable aviation. With the close of $1.5 million in pre-seed funding, Cosmic is equipped to refine its airplane design and develop its first electric engine prototype. The round was co-led by Pale Blue Dot, a Swedish venture capital firm investing in climate technology, and 50 Years, a Silicon Valley firm investing in solving the world’s biggest problems. The Cosmic team is thrilled to partner with world-class investors in this first step towards a sustainable future.