ZeroAvia Completes $116 Million Series C to Support Hydrogen-Electric Engine Tech

The hydrogen-electric propulsion developer raised funds, including from the U.K. Infrastructure Bank, to support certification and scaling of its technology.

Jack Daleo

Monday, November 27, 2023 at 05:02 PM ET

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A Dornier 228 equipped with a prototype of ZeroAvia's ZA600 hydrogen-electric engine conducts flight testing in 2023. [Courtesy: ZeroAvia]

Key Takeaways:

ZeroAvia secured $116 million in Series C funding, co-led by investors like Airbus, Barclays, NEOM, and the U.K. Infrastructure Bank, to certify its ZA600 hydrogen-electric engines and scale its technology for larger aircraft.
This investment aims to accelerate the decarbonization of aviation by supporting ZeroAvia's growth in the U.K. and helping to establish wider hydrogen infrastructure for achieving net-zero emissions by 2050.
ZeroAvia has achieved significant flight test milestones with its ZA600 engine and plans to deploy it in regional turboprops by 2025, followed by the ZA2000 for larger aircraft by 2027, backed by nearly 2,000 preorders and strategic partnerships.

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When it comes to decarbonizing aviation, investors largely view hydrogen as a key ingredient in the quest for sustainable aviation, with some investing in companies developing fuel from hydrogen in its pure form.

ZeroAvia, a developer of hydrogen-electric propulsion systems, on Monday announced it completed a $116 million Series C funding round to support certification of its ZA600 engines and the scaling of its technology for larger aircraft.