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Date: 27 May 2021
Zero-carbon aviation startup ZeroAvia has raised $37.7 million from a host of backers including Bill Gates’ Breakthrough Energy Ventures, Amazon Climate Pledge Fund and Shell Ventures.
Series A funding was led by Breakthrough Energy Ventures and Ecosystem Integrity Fund, with Amazon, Shell, Summa Equity and Horizons Ventures following on.
The funds will be used for the ongoing development of its ZA-600 hydrogen fuel cell powertrain, which converts hydrogen into electricity to power a motor to spin a propeller. The firm said the ZA-600 is capable of powering a 10- to 20-passenger plane for a flight of 575 miles.
The tally announced Wednesday also includes a $16.3 million grant from the U.K. government for the Hyflyer II project, which will see ZeroAvia build a commercial 19-seater hydrogen plane by 2023. ZeroAvia is targeting a range of 500 miles for 20-seaters by 2023 and the same distance for 100-seater aircraft by 2027.
US Startup ZeroAvia Sends Green Hydrogen Fuel Cells Flying cleantechnica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cleantechnica.com Daily Mail and Mail on Sunday newspapers.
ZeroAvia secures backing for hydrogen-electric 19-seater
16th December 2020 12:08 Europe/London
ZeroAvia’s electric powertrain using a hydrogen fuel cell to generate electricity took giant steps forward this week with a series of investment and collaboration announcements.
Announcement 1 was partnering with British Airways which “will see ZeroAvia embedded in the heart of the airline,” said BA. “The team will work remotely alongside mentors and experts to explore the transformational possibilities of moving from fossil fuels to zero-emission hydrogen to power the airline’s future fleet.
Announcement 2 was ZeroAvia securing £12.3m in funding from the UK government through the ATI Programme to deliver a 19-seat hydrogen-electric powered aircraft that is market-ready by 2023 – the HyFlyer II project.
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HOLLISTER, Calif., Dec. 16, 2020 /PRNewswire/
Investments from Amazon Climate Pledge Fund, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, Shell Ventures, and Summa Equity
Approval of additional grant funding of $16.3 million from Department for Business Energy & Industrial Strategy (BEIS), Aerospace Technology Institute (ATI), and Innovate UK
Partnership with British Airways, through Hanger 51 Accelerator to explore how hydrogen-powered aircraft can play a leading role in the future of sustainable flying
ZeroAvia’s mission to transition the world to zero-emission, hydrogen-fueled flight picked up a significant tailwind today as the startup announced $21.4 million in new funding in a Series A round.