Modern Flying News

H3 Dynamics Secures $26 Million in Series B Funding

Tuesday, October 19, 2021 at 04:13 PM ET

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H3 Dynamics' drones look like small planes and are powered by hydrogen, unlike the majority of drones which are battery-powered. H3 Dynamics

Key Takeaways:

H3 Dynamics secured $26 million in Series B funding to accelerate its work on hydrogen technology for drones.
The company aims to decarbonize air mobility, as hydrogen-electric drones can fly significantly further than battery-powered equivalents.
This initiative addresses the rapidly growing issue of carbon emissions in air cargo, a segment projected to triple aviation emissions by 2050.
The funding round was led by Japan’s Mirai Creation Fund, backed by Toyota Motor Corp. and Sumitomo Mitsui Banking Corp.

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Editor’s Note: This article originally appeared on FreightWaves.com.

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.