Aldershot (UK Parliament constituency)

ZeroAvia Raises Further $35 Million for Zero-Emission Flight Technology,Taking Total Raised to $115 Million

Retrieved on: 
Monday, December 13, 2021
Hydrogen, Zero, Amazon, Alaska Air Group, UK Government G-Cloud, Alaska Airlines, Eduardo Toda y Güell, Aircraft, Climate, Rotterdam The Hague Airport, LinkedIn, Parliament of the United Kingdom, Hindustan Aeronautics Limited, Innovation, Conference, Aldershot (UK Parliament constituency), Aviation, CEO, COP26, British Airways, Multimedia, Horizons Ventures, Industry, ASL Airlines Ireland, Innovate UK, Instagram, Solution, CAA, Carbon, Agriculture, Technology, View, Breakthrough Energy, FAA, Twitter, Airline, ZeroAvia, United Airlines, United

KEMBLE, England and HOLLISTER, Calif., Dec. 13, 2021 /PRNewswire/ -- As the company moves closer to commercialization of its hydrogen-electric technology, ZeroAvia has secured a new raise of $35 million to help develop its 2-5MW zero-emission powertrain system for regional aviation. As announced today, United Airlines has invested in ZeroAvia through this round, and our agreement with United anticipates an order for 50 ZA2000-RJ engines, with an option for 50 more. United joins an already announced new investor, Alaska Air Group, in this round, alongside existing investors Amazon's Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Summa Equity, and Shell Ventures. This brings the company's total investment to date up to $115 million.

Key Points: 
  • This brings the company's total investment to date up to $115 million.
  • ZeroAvia is on track to achieve commercialization for its hydrogen propulsion technology in 2024.
  • The funding will also allow ZeroAvia to further ramp up presence across its US, UK, and continental Europe locations.
  • "We are very excited to welcome our new investors, including one of the world's largest airlines in United, into the ZeroAvia family," said ZeroAvia CEO Val Miftakhov.

ZeroAvia Raises Further $35 Million for Zero-Emission Flight Technology,Taking Total Raised to $115 Million

Retrieved on: 
Monday, December 13, 2021
Hydrogen, Zero, Amazon, Alaska Air Group, UK Government Investments, Alaska Airlines, Eduardo Toda y Güell, Aircraft, Climate, Rotterdam The Hague Airport, LinkedIn, Parliament of the United Kingdom, Hindustan Aeronautics Limited, Innovation, Conference, Aldershot (UK Parliament constituency), Aviation, CEO, COP26, British Airways, Horizons Ventures, Industry, ASL Airlines Ireland, Innovate UK, Instagram, Solution, CAA, Carbon, Agriculture, Technology, Breakthrough Energy, FAA, Twitter, Airline, ZeroAvia, United Airlines, United

KEMBLE, England and HOLLISTER, Calif., Dec. 13, 2021 /PRNewswire/ -- As the company moves closer to commercialization of its hydrogen-electric technology, ZeroAvia has secured a new raise of $35 million to help develop its 2-5MW zero-emission powertrain system for regional aviation. As announced today, United Airlines has invested in ZeroAvia through this round, and our agreement with United anticipates an order for 50 ZA2000-RJ engines, with an option for 50 more. United joins an already announced new investor, Alaska Air Group, in this round, alongside existing investors Amazon's Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Summa Equity, and Shell Ventures. This brings the company's total investment to date up to $115 million.

Key Points: 
  • This brings the company's total investment to date up to $115 million.
  • ZeroAvia is on track to achieve commercialization for its hydrogen propulsion technology in 2024.
  • Initially, the company is targeting a 500-mile range in a 10-20 seat aircraft used for commercial passenger transport, package delivery, agriculture, and beyond.
  • The funding will also allow ZeroAvia to further ramp up presence across its US, UK, and continental Europe locations.