In the UK, ZeroAvia, a developer of hydrogen-electric propulsion systems for aircraft, has closed an extended Series C financing round, raising $150 million. This round saw the Scottish National Investment Bank contribute £20 million, joining investors such as American Airlines, IAG, and ITOCHU Corporation. The funding will accelerate certification efforts for ZeroAvia’s first hydrogen-electric powertrain […]
In California, ZeroAvia recently announced that MEHAIR has placed a conditional order for up to 20 ZA600 hydrogen-electric engines. The order adds to the over 2,000 engine pre-orders secured by ZeroAvia. MEHAIR (Maritime Energy Heli Air Services Pvt Ltd.) has historically offered services across the Indian sub-continent, commencing with the Andaman and Nicobar Islands in […]
In the UK, ZeroAvia announced that it has completed its Series C funding round at a total of $116 m. The UK Infrastructure Bank joins the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF) as announced in September, with the Series C round set to accelerate […]
