ZeroAvia has expanded its Series C financing round to $150m, with a significant investment from the Scottish National Investment Bank (the Bank) alongside other major players like American Airlines, IAG, and ITOCHU Corporation. This financing will accelerate ZeroAvia's progress towards certifying its first powertrain and supporting the sale of in-house components to other electrified aviation innovators. The Bank's investment marks its first foray into hydrogen-based technology and the sustainable aviation sector, aiming to strengthen the aerospace supply chain in Scotland. ZeroAvia's ZA2000 system, developed for regional turboprop aircraft, is currently undergoing essential ground tests in the US and UK, showcasing key technologies such as cryogenic tanks for LH2 and proprietary high-temperature PEM fuel cells. The company's CEO highlighted the importance of the Bank's support in aligning with Scotland's net zero targets and establishing a manufacturing facility in the country. Moreover, the Bank's Investment Director emphasized the critical role of investing in ZeroAvia to drive decarbonization in aviation and provide sustainable connectivity in remote areas like the Highlands and Islands. Overall, the partnership between ZeroAvia and the Scottish National Investment Bank signifies a positive step towards advancing hydrogen-based technology in aviation and supporting Scotland's transition to a more sustainable economy.