Hydrogen-electric aircraft developer ZeroAvia has secured $35 million in new investment funding from new investors, including United Airlines (NASDAQ: UAL).
Alaska Airlines (NYSE: ALK) is another new investor.
United Airlines to Buy as Many as 100 Hydrogen-Powered Engines From ZeroAvia
Pledge comes as part of $35 million in investment funding acquired by manufacturer.
Key Takeaways:
- Hydrogen-electric aircraft developer ZeroAvia secured $35 million in new investment, notably from United Airlines and Alaska Airlines, bringing its total funding to $115 million.
- This funding will accelerate the development and delivery of hydrogen-electric engines for larger aircraft, with ZeroAvia targeting 40-80 seat turboprops by 2026 and regional jets by 2028.
- United Airlines has a conditional agreement to purchase up to 100 ZeroAvia ZA2000-RJ engines to retrofit its United Express regional fleet for zero-emission flights by 2028.
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