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ZeroAvia scores another $23.4M for hydrogen-electric hybrid aircraft engines : Biofuels Digest


In California, propelling their mission towards delivering airlines zero-carbon, hydrogen-fueled flight, 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. Today’s announcement brings the company’s total private investment to over $53 million and the total funding raised since inception to nearly $74 million. ....

United States , United Kingdom , Aerospace Technology Institute , Breakthrough Energy Ventures , Ecosystem Integrity Fund , British Airways , Department For Business Energy Industrial Strategy , Horizons Ventures , Summa Equity , Shell Ventures , United Kingdom Government , Business Energy , Industrial Strategy , Innovate United Kingdom , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , விண்வெளி தொழில்நுட்பம் நிறுவனம் , திருப்புமுனை ஆற்றல் முயற்சிகள் , சுற்றுச்சூழல் அமைப்பு நேர்மை நிதி , பிரிட்டிஷ் வானெறிக்குழுப்பெயர் , துறை க்கு வணிக ஆற்றல் தொழில்துறை மூலோபாயம் , எல்லைகள் முயற்சிகள் , சுமா பங்கு , ஷெல் முயற்சிகள் , ஒன்றுபட்டது கிஂக்டம் அரசு , வணிக ஆற்றல் ,

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 States , United Kingdom , Christine Ourmi , Mike Friend , Mark Blair , British Airways , Department For Business Energy Industrial Strategy , Aerospace Technology Institute , Senior Technology , Breakthrough Energy Ventures , Airplane Product Development , Ecosystem Integrity Fund , Fleet Government Sales For Cessna Aircraft Company , Horizons Ventures , Summa Equity , Shell Ventures , United Kingdom Government , Business Energy , Industrial Strategy , Innovate United Kingdom , Chief Global Sales Officer , American Express Global Business Travel , International Air Transport Association , Non Executive Director , Boeing Senior Technology Director , Mitsubishi Aircraft ,

ZeroAvia raises new funding for hydrogen-electric engine development


ZeroAvia raises new funding for hydrogen-electric engine development
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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 Kingdom , Prnewfoto Zeroavia , Aerospace Technology Institute , Breakthrough Energy Ventures , Ecosystem Integrity Fund , British Airways , Department For Business Energy Industrial Strategy , Horizons Ventures , Summa Equity , Shell Ventures , United Kingdom Government , Business Energy , Industrial Strategy , Innovate United Kingdom , Val Miftakhov , ஒன்றுபட்டது கிஂக்டம் , விண்வெளி தொழில்நுட்பம் நிறுவனம் , திருப்புமுனை ஆற்றல் முயற்சிகள் , சுற்றுச்சூழல் அமைப்பு நேர்மை நிதி , பிரிட்டிஷ் வானெறிக்குழுப்பெயர் , துறை க்கு வணிக ஆற்றல் தொழில்துறை மூலோபாயம் , எல்லைகள் முயற்சிகள் , சுமா பங்கு , ஷெல் முயற்சிகள் , ஒன்றுபட்டது கிஂக்டம் அரசு , வணிக ஆற்றல் ,