Page 28 - Shell Ventures News Today

by CNN — December 16, 2020 . A California-based startup that promises to make zero-carbon flight a reality has just received a major vote of confidence. ZeroAvia, a company developing hydrogen-electric technology to power aircraft, said Wednesday that it’s raised $21.4 million from investors including Amazon, Shell and Breakthrough Energy Ventures, a company established by Bill Gates in 2015. It has also secured $16.3 million from the UK government and is partnering with British Airways to ...

The government also provided $16.3m to help ZeroAvia make a 19-seat hydrogen-electric powered plane by 2023 16 December 2020 • 8:11am A start-up developing the worlds first hydrogen fuel cell-powered passenger flight has raised $37.7m (£27.9m) in backing from the Government and a group of investors that includes funds founded by Bill Gates and Jeff Bezos. ZeroAvia, which is headquartered at Cranfield having relocated from the US last year, said it will use the money to develop technol...

ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund ZeroAvia, the company that’s on a mission to move the world to zero-emission, hydrogen-fueled flight, has just received some corporate jet fuel in the form of a new $21.4 million cash infusion. Aviation is a huge contributor to the carbon emissions that cause global warming, and the industry, along with shipping, will be one of the hardest to decarbonize. Electrification technolo...