Hydrogen aviation startup ZeroAvia lands largest funding round to date
Summary
ZeroAvia, one of the leading zero-emission aviation companies in the world, just announced its largest financing round to date. No exact funding amount has been disclosed due to legal reasons, but a spokesperson for the startup confirmed to TNW that it is ZeroAvias largest to date, following a Series B of $72mn and a Series A of $56mn.Based out of Kemble, UK, and Hollister, California, ZeroAvia develops hydrogen-electric fuel cell propulsion architecture for aircraft. Fuelled by gaseous hydrogen tanks, it will be able to carry passengers up to 300NM (555.6km).It will also allow the company to continue work on the 2-5.4MW modular powertrain ZA2000 program. This will first be used to retrofit a Dash 8 400 76-seat testbed aircraft, supplied by Alaska Airlines.Anybody following the development of hydrogen aviation and its potential to transform the industry will see this investment as a positive step, said Val Miftakhov, founder and CEO of ZeroAvia. Airbus and ZeroAvia have also entered into a partnership on certification approaches for hydrogen power systems, an area where established OEMs have significantly more experience compared to startups in the aerospace industry.
Funding
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