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:
- ZeroAvia secured $35 million in new investment funding from United Airlines and Alaska Airlines, bringing its total funding to $115 million to accelerate the development of hydrogen-electric engines.
- This new capital will help ZeroAvia expedite the delivery of engines for larger aircraft and support its expansion into the 40-to-80-seat aircraft segment by 2026-2028.
- United Airlines has a conditional agreement to purchase up to 100 ZeroAvia ZA2000-RJ engines to retrofit its United Express regional fleet, with a target for deployment by 2028.
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