ZeroAvia, a developer of hydrogen-electric planes, has successfully completed a financing round totaling $150 million with investments from various companies and institutions. The company plans to use the funds to expedite the certification of its first powertrain and support the sales of its in-house aviation components. ZeroAvia aims to deliver 40-to 80-seat aircraft with up to 700 miles of range by 2027, attracting interest and funding from prominent companies like American Airlines, Airbus, and Saudi Arabia's NEOM. The recent funding round included investments from the Scottish National Investment Bank, American Airlines, International Airlines Group, and ITOCHU Corporation, among others. This funding will help ZeroAvia accelerate its progress towards certifying its hydrogen-electric plane powertrain for commercial operations. ZeroAvia has already tested a prototype of its ZA600 engine and is working on certification with the CAA. Additionally, the company has completed advanced ground tests of its ZA2000 system, which can potentially power 80-seat regional turboprop aircraft. The funding will also support ZeroAvia in offering its in-house aviation technology, including electric motors and fuel cell power generation systems, to other companies. ZeroAvia's CEO, Val Miftakhov, expressed excitement over the financing round and emphasized the company's commitment to delivering a clean future of flight for the aviation industry. The developments by ZeroAvia indicate a positive momentum towards sustainable aviation and the adoption of hydrogen-electric propulsion systems in the industry.