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ZeroAvia nets nearly $40m of new funding, including more UK government backing

By Dominic Perry2020-12-17T11:10:00+00:00 Hydrogen powertrain developer ZeroAvia has secured an additional $37.7 million in investment – including backing from funds created by Bill Gates and Jeff Bezos, alongside a commitment from the UK government. As part of its Series A funding round, California-based ZeroAvia has raised $21.4 million, led by Breakthrough Energy Ventures – a company founded by Gates – and Ecosystem Integrity Fund. Additional contributions were made by Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures, and Summa Equity. Source: ZeroAvia First hydrogen fuel cell-powered flight in the UK took place from Cranfield airport in September Separately, ZeroAvia will receive £12.3 million ($16.3 million) via the UK’s Aerospace Technology Institute as part of programme, called HiFlyer II, to deliver a market-ready – for which read certifiable – hydrogen powertrain to equip a 19-seat passenger aircraft by 2023.

Aviation pioneer ZeroAvia raises $21 4m from Amazon and Bill Gates-backed Breakthrough

SHARE ZeroAvia, a start-up that is using a hydrogen-electric system to power aircraft, raised $21.4 million in an early stage funding round from investors including Amazon, which will help boost the next phase of its research and development. The fundraising was led by Bill Gates-backed Breakthrough Energy Ventures and California-based sustainability-focused venture capital Ecosystem Integrity Fund, the company said in a statement. Other investors also include Horizons Ventures, Shell Ventures and Summa Equity. “We feel deeply grateful to our top-tier investors for joining us in the next phase of our exciting journey … to bring in a new golden age of aviation,” Val Miftakhov, founder and chief executive of the start-up, said.

Разработчик водородных двигателей для самолётов ZeroAvia привлёк $37,7 млн инвестиций от Amazon, Shell и других

Разработчик водородных двигателей для самолётов ZeroAvia привлёк $37,7 млн инвестиций от Amazon, Shell и других
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