ZeroAvia
Canvas Category OEM : Aerospace
ZeroAvia’s mission is a hydrogen-electric, zero-emission powertrain in every aircraft. From 19-seat regional trips to over 100-seat long-distance flights, ZeroAvia enables scalable, sustainable aviation by replacing conventional engines with hydrogen-electric powertrains. We are a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation, with locations in Kemble and London in the UK, and Hollister, California.
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ZeroAvia Completes $150m Series C Financing
ZeroAvia announced that it has extended its Series C financing to a total of $150m, with a £20m investment from Scottish National Investment Bank (“the Bank”) coming alongside recent investments from American Airlines, International Airlines Group (IAG) and ITOCHU Corporation.
The round was co-led by Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF), with UK Infrastructure Bank joining as a cornerstone-level investor, and with strong support from existing shareholders including Breakthrough Energy Ventures, Horizons Ventures, Ecosystem Integrity Fund, Summa Equity, Alaska Airlines, Amazon’s Climate Pledge Fund and AP Ventures.
ZeroAvia has already extensively flight tested a prototype of its first ZA600-engine aboard a Dornier 228 aircraft at its UK base and the application for certification is underway with the CAA. The company has also performed advanced ground tests in the US and UK for the key building block technologies for the ZA2000 system, including cryogenic tanks for LH2 and proprietary high-temperature PEM fuel cell and electric propulsion systems. ZA2000 will support up to 80 seat regional turboprop aircraft such as the ATR72 and the Dash 8 400. The company is also selling its component technology, including electric motors and fuel cell power generation systems, to other electric aviation innovators.
ZeroAvia announces completion of $116m Series C funding round
ZeroAvia today announced that it has completed its Series C funding round at a total of $116m. The UK Infrastructure Bank joins the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF) as announced in September, with the Series C round set to accelerate the company’s journey to certification of its first engines and advance R&D that will scale the clean propulsion technology for larger aircraft.