“Dr. Sarah, Engineer and Innovator Behind the World’s First Eco-Friendly Aero Engine, Seeks $250 Million for 5% Equity on Shark Tank Pakistan”
Dr. Sarah Qureshi is the CEO & Co-founder of Aero Engine Craft Pvt LTD. She’s an aerospace engineer, a jet engine inventor and a hobby pilot. Founder Education is BE from NUST and MS, PhD from UK. Founder is working since 2018 with her father who was a scientist. At aeroengine craft they are developing the first generation of eco-friendly contrail free aeroengines for the global aviation industry. They are now seeking investment of 250 Million PKR for 5% equity to make your skies blue and your flying green.
Shark Romanna asked her is there just one type of product that exists today effectively one plug-in? Founder said that yes it’s one plug-in made to different sizes for different engines, when she was doing the research she benchmarked it to A380 but A320 is the most popular plane commercially. She presented at boing in Seattle to their director of propulsion and propulsion team this was also presented at GE Aviation.
She also spoked to Rolls-Royce about it and they had a positive feedback, they signed some agreements and GE Aviation said that if regulation comes into play or our competitor starts developing it we would start working on it. Market Size is $735B by 2030. Shark asked her that if their are more competitors who are doing this? Founder said that there is one company SAT Avia that’s just been acquired also they are doing software algorithms like a software product to avoid contrails.
Team size of the company is about of 10 people. Funding Breakdown is 40% equipment and machines, 40% HR, 10% overhead cost. Sharks are so impressed by her innovation but they all are out for today.
Shark Tank Pakistan is not a platform to raise investment for such innovation should have well-connected cofounders from the Aero Space industry.
Amazing idea, the founder is very confident and resilient. We need more such founders in Pakistan who take such risks.
https://pk.linkedin.com/in/sarah-qureshi
Sumbal is shark tank enthusiast, ever since the show started airing, she has followed it. She likes writing and researching about startups. She is also helping a few startups scale.
