Nov 28, 2023

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. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the funding round. ZeroAvia is a leader in zero-emission aviation with the mission of delivering a hydrogen-electric engine in every aircraft as the most environmentally and economically friendly solution for addressing the industry's climate impact. The company is starting with engines to support a 300-mile range in 9-19 seat aircraft by the end of 2025, and up to 700-mile range in 40-80 seat aircraft by 2027. Founded in California and now with thriving teams also in Everett, WA and the United Kingdom, ZeroAvia has secured experimental certificates to test its engines in three separate testbed aircraft with the FAA and CAA and passed significant flight test milestones. The company has signed a number of key engineering partnerships with major aircraft OEMs and has nearly 2,000 pre-orders for engines from a number of the major global airlines, with future revenue potential over $10bn. (c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.