ZeroAvia has secured significant funding through the extension of its Series C financing round, totaling $150 million. This round includes a £20 million investment from the Scottish National Investment Bank, as well as contributions from notable backers like Airbus, American Airlines, and ITOCHU Corporation. The financing was co-led by Airbus, Barclays Sustainable Impact Capital, and NEOM Investment Fund, with the UK Infrastructure Bank joining as a key investor. This investment marks the Scottish National Investment Bank's first venture into hydrogen technology and sustainable aviation. ZeroAvia plans to utilize the funding to establish a manufacturing facility in Scotland, strengthening the aerospace supply chain and emphasizing a commitment to eco-friendly aviation practices. The company has made significant progress in its technology development, conducting successful flight tests of its ZA600-engine prototype and advancing ground tests for the ZA2000 system, which aims to power larger regional aircraft. ZeroAvia also plans to offer its electric motors and fuel cell systems to other aviation innovators, further expanding the reach of sustainable aviation technology. Val Miftakhov, the Founder and CEO of ZeroAvia, expressed enthusiasm for the financing round, highlighting the crucial role it plays in driving forward the clean future of aviation. He emphasized the strategic fit of Scotland for their production operations, citing the region's net zero goals and aerospace expertise as key factors. The investment director at the Scottish National Investment Bank, Robin Tayal, underlined the importance of decarbonizing aviation and praised ZeroAvia's technology for its potential to enhance sustainable connectivity in remote areas like the Highlands and Islands. Overall, the financing round signifies a significant step towards advancing hydrogen technology in aviation and promoting sustainable practices in the aerospace industry.