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Rwandan start-up revs up plans with $3 5m Silicon Valley cash injection

Rwandan start-up revs up plans with $3 5m Silicon Valley cash injection
businesslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesslive.co.za Daily Mail and Mail on Sunday newspapers.

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The Brief: Not so fossil-free, zero-carbon aviation, fungus-based textiles, mobile money in Kenya, housing for L A s homeless, sustainable SPACs

The Brief: Not so fossil-free, zero-carbon aviation, fungus-based textiles, mobile money in Kenya, housing for L A s homeless, sustainable SPACs
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ZeroAvia secures additional $24 3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft

ZeroAvia secures additional $24.3M to launch development of 2MW hydrogen-electric powertrain for regional aircraft ZeroAvia is launching the development program for a 2MW hydrogen-electric powertrain for full-size regional aircraft. The program kick-off is supported by a new raise of $24.3 million, led by Horizons Ventures, joined by a new investor: British Airways. Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. This new round accelerates the larger hydrogen-electric engine development for the 50+ seat aircraft and supports additional commercial airlines initiatives to adopt hydrogen in aviation. The latest funding brings the company’s total private investment to more than $53 million and the total funding raised since inception to nearly $74 million.

United statesUnited kingdomChristine ourmiMike friendMark blairBritish airwaysDepartment for business energy industrial strategyAerospace technology instituteSenior technologyBreakthrough energy venturesAirplane product developmentEcosystem integrity fundFleet government sales for cessna aircraft companyHorizons venturesSumma equityShell ventures

The FINANCIAL - British Airways Sets its Sights on Zero Emissions Aircraft as it Announces Investment in Tech Innovator Zeroavia

Share This The FINANCIAL British Airways has invested in ZeroAvia – a leading innovator in decarbonising commercial aviation – in an effort to accelerate the development of 50+ seater aircraft capable of running on zero emissions hydrogen-electric power. British Airways and a group of investors including Horizons Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ have invested a total of $24.3m USD, which will enable ZeroAvia to launch a new development programme to further demonstrate the credibility of its technology and accelerate the development of a larger hydrogen-electric engine, capable of flying further and using larger aircraft as soon as 2026, British Airways notes.

United kingdomSean doyleBreakthrough energy venturesBritish airwayEcosystem integrity fundBritish airwaysInternational airlines groupHorizons venturesSumma equityShell venturesBritish airways has invested in zeroaviaa leading innovator decarbonising commercial aviation an effort to accelerate the development of 50 seater aircraft capable running on zero emissions hydrogen electric powerஒன்றுபட்டது கிஂக்டம்சீன் டாய்ல்திருப்புமுனை ஆற்றல் முயற்சிகள்பிரிட்டிஷ் காற்று வாங்கிசுற்றுச்சூழல் அமைப்பு நேர்மை நிதி

ZeroAvia raises new funding for hydrogen-electric engine development

ZeroAvia raises new funding for hydrogen-electric engine development Share 5 hours ago Sign up here for GlobalData s 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 investors, including Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ, also joined the financing. The financing takes the company’s total private investment to more than $53m while the total funding raised is close to $74m since its formation.

United kingdomPrnewfoto zeroaviaAerospace technology instituteBreakthrough energy venturesEcosystem integrity fundBritish airwaysDepartment for business energy industrial strategyHorizons venturesSumma equityShell venturesUnited kingdom governmentBusiness energyIndustrial strategyInnovate united kingdomVal miftakhovஒன்றுபட்டது கிஂக்டம்