ZeroAvia scores $116M Series C funding

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 the company’s journey to certification of its first engines and advance R&D that will scale the clean propulsion technology for larger aircraft.

The financing supports the UK’s status as a market leader in research and development in both aviation and hydrogen and will support ZeroAvia’s ambitious growth plans in the UK.