Page 11 - Zeroavia News Today

+VIDEO ZeroAvia has ground-tested the 600kW electric powertrain that the company intends to use in its proposed 19-seat aircraft.

ZeroAvia raises new funding for hydrogen-electric engine development Share 5 hours ago Sign up here for GlobalDatas free bi-weekly Covid-19 report on the latest information your industry needs to know. Zero-emission aviation firm ZeroAvia has raised $24.3m in new funding to support the development of a 2MW hydrogen-electric engine. Hong Kong-based venture capital firm Horizons Ventures, an existing investor, led the latest funding round and was joined by new investor British Airways. Other inve...

Galp CEO Steps Down Summary by: Joe Murphy Posted in: Galp CEO Steps Down Galp CEO Carlos Gomes da Silva has stepped down and will be succeeded by former Shell upstream director Andy Brown February 19, the Portuguese oil and gas company said on January 12. Gomes da Silva is leaving two years before the end of his mandate. His departure was agreed by board chair Paula Amorim and will be voted on by shareholders at Galps next general meeting, the company said on January 12. The reason for his dep...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Aviation startups face a unique challenge when fundraising. With years — or even decades — before their products can come to market, its difficult to find traditional investors willing to wait that long to see a return. The startups also face significant capital expenses as they work to develop new hardware, not just software or e-commerce solutions. The C...