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Overview
ZeroAvia is a British and American aviation company founded in 2017 by Val Miftakhov, who also founded the electric vehicle battery startup eMotorWerks. Before founding ZeroAvia, eMotorWerks was acquired by international energy conglomerate Enel. A licensed pilot, Miftakhov saw an opportunity to pursue his dream of flying airplanes while also electrifying them and completely transforming commercial transportation.
ZeroAvia developed a vision to serve as a responsible steward of the environment by bringing hydrogen-powered aircraft to the market. The hydrogen-electric powertrain technology vastly reduces carbon emissions and reduces noise, all while lowering fuel and maintenance costs for airlines. For ZeroAvia's promising HyFlyer I project, the European Marine Energy Centre (EMEC) delivered the fueling systems necessary for test flights as well as infrastructure designed for airports. The HyFlyer II project will carry more passengers and fly up to 500 miles, with the ambitious goal of seating up to 100 passengers and traveling more than 1,000 miles by 2030.
As consumer preferences shift toward other methods of travel due to concerns about sustainability, and with the airline industry battered by the COVID-19 pandemic, ZeroAvia is capitalizing on the need for carbon-free transportation options. British Airways has formed a partnership with ZeroAvia to achieve its net-zero goal by 2050.
Upon receiving $21.4 million in series A funding in conjunction with $16.3 million in grant funds from the UK government from the Aerospace Technology Institute (ATI), ZeroAvia has raised $49.7 million from inception to bring hydrogen fuel cells to the market by 2023.
About
CleanTech, Aerospace, Industrial, Air Transportation
2017
251-500
Headquarters locations
Hollister, California, United States, North America
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Profile Resume
ZeroAvia headquartered in United States, North America, operates in the CleanTech, Aerospace, Industrial, Air Transportation sector. The company focuses on CleanTech and has secured $66.5B in funding across 256 round(s). With a team of 251-500 employees, ZeroAvia is actively contributing to advancements in CleanTech. Their latest funding round, Venture Round - ZeroAvia, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
16
1
0
$259.9M
Details
7
ZeroAvia has raised a total of $259.9M in funding over 7 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2021 | Early Stage Venture | 35.0M | ||
2018 | Seed | |||
2022 | Early Stage Venture | 30.0M | ||
2023 | Late Stage Venture | 116.0M |
Investors
ZeroAvia is funded by 103 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
UK Infrastructure Bank | - | FUNDING ROUND - UK Infrastructure Bank | 116.0M |
ZeroAvia | - | FUNDING ROUND - ZeroAvia | 3.3M |
California Energy Commission | - | FUNDING ROUND - California Energy Commission | 3.3M |
ZeroAvia | - | FUNDING ROUND - ZeroAvia | undefined |
Recent Activity
News
Sep 19, 2024
Crunchbase News - Hydrogen Startup Funding Continues To Boom
News
Sep 14, 2024
Skift - ZeroAvia Raises $34 Million for Electric Jet Engine: Startup Funding Roundup
News
Sep 13, 2024
BusinessGreen - ZeroAvia lands £20m funding boost from Scottish National Investment Bank
News
Sep 12, 2024
Electrek - ZeroAvia completes $150M Series C financing, including investments from Airbus and AA
News
Jul 29, 2024
The Next Web - KLM targets liquid hydrogen plane takeoff in 2026
News
Jul 26, 2024
BusinessGreen - ZeroAvia inks deal to supply hydrogen-electric aircraft engines to Ecojet