Wave Engine Corp. is developing a low‑cost, fuel‑versatile, and sustainable jet propulsion technology that uses pressure waves instead of rotating machinery to generate thrust. Its engines require no moving parts, which the company says reduces production costs and maintenance needs for commercial and defense aviation. Wave Engine has completed successful flight demonstrations and is focused on commercialization and deployment of its technology for industry and government partners. The company recently opened a 7,500 sq. ft. facility in Baltimore to support development and manufacturing as it scales. Financially, Wave Engine has a history of seed funding and government support, including a $1.45 million seed round in 2018, a $2.85 million DARPA investment in 2019, and a $1 million USAF contract announced in 2021. The new capital from the latest round is intended to support continued development, manufacturing, and commercialization efforts.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2022