JetBlue's Technology Ventures Invests In TPG Rise Climate

JetBlue Airways Corp JBLU JetBlue Technology Ventures (JTV) invested as a limited partner in TPG Rise Climate. Financial terms were not disclosed.
TPG Rise Climate is a multibillion-dollar investment fund that supports climate solutions at scale.
As part of the investment, JTV joins the fund’s other corporate investors that make up the TPG Rise Climate Coalition, which aims to promote knowledge-sharing and investment opportunities amongst its members.
JTV’s primary goal is to better position JetBlue with startup-led innovations set to disrupt the travel industry, ultimately helping the airline chart a path towards its net-zero goals.
JTV has four active investments with a primary focus on sustainable climate technology.
Price Action: JBLU shares are trading higher by 1.50% at $13.23 on the last check Wednesday.