ZeroAvia Secures Additional £20m for Hydrogen Aviation Innovation
Key Ideas
- ZeroAvia extends its Series C funding round with £20m from the Scottish National Investment Bank, bringing total investment to approximately US$150 million.
- The funding round is co-led by Airbus, Barclays Sustainable Impact Capital, and NEOM Investment Fund, among others, to support ZeroAvia's hydrogen powertrain certification.
- Scotland emerges as a key player in hydrogen aviation advancement, with both ZeroAvia and Loganair making significant contributions to sustainable aviation.
- ZeroAvia's ground tests on the ZA2000 powertrain, designed for aircraft carrying up to 80 passengers, mark progress in the development of hydrogen-powered aviation technology.
ZeroAvia, a hydrogen aviation startup, received an additional £20m from the Scottish National Investment Bank, expanding its Series C funding to around US$150 million. This investment, along with contributions from major players like Airbus, Barclays, and NEOM Investment Fund, will aid ZeroAvia in advancing its hydrogen powertrain certification. The startup has begun ground testing its ZA2000 powertrain, tailored for aircraft with a capacity of up to 80 passengers. Notably, Scottish companies are actively involved in promoting sustainable aviation, with Loganair partnering with Heart Aerospace to advance electric and hybrid-electric aircraft initiatives. Scotland's Orkney Islands are positioned as a testing ground and potential launch site for hydrogen aviation technology, highlighting the country's pivotal role in this sector's development.