FARNBOROUGH – ZeroAvia, a pioneer in hydrogen-electric, zero-emission aviation, announced US$30m in funding from new investors Barclays Sustainable Impact Capital, NEOM, and AENU. International Airlines Group (IAG) also contributed to the Group’s prior investment, bringing the Series B round’s total funding to US$68m.
IAG, United Airlines, and Alaska Airlines are three significant airline conglomerates that have invested strategically in ZeroAvia. The additional funding will help ZeroAvia’s development of a 2-5MW hydrogen-electric powertrain, which will be used to power 40-80 seat aircraft with zero-emission engines by 2026. In order to get a better energy density, a longer range, and a greater payload, read more ⇒
Source:: “Airways Magazine”