JetBlue Technology Ventures invests in climate solutions fund

JetBlue Technology Venturesthe corporate venture arm of the airline, has invested in TPG Ascent ClimateTPG Rise’s climate investment fund.

JTV becomes a sponsor through its investment in the multi-billion dollar fund that targets large-scale climate solutions.

According to a statement, the fund “seeks to work collaboratively with companies, entrepreneurs and scientists who are at the forefront of innovative climate solutions in five key climate sub-sectors, of which decarbonized transport is one.”

As part of its investment, JTV is also joining the TPG Rise Climate Coalition, which advocates for knowledge sharing and investment opportunities.

JetBlue and JTV also recently joined the Aviation Climate Taskforce, a nonprofit organization founded last year by 10 airlines and the Boston Consulting Group to decarbonize aviation.

JTV is also an investor in a number of sustainability startup projects, including Universal Hydrogen and Joby Aviation.