ZeroAvia Raises Further $35 Million for Zero-Emission Flight Technology

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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.

 

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