British Airways Invests in ZeroAvia - hydrogen -fueled flight developer for an ambitious 50+ Seater Zero-Emission Aircraft.

ZeroAvia Secured Additional $24.3 Million to Kick Off Large Engine Development for 50+ Seat  Zero-Emission Aircraft. The investment is led by Horizons Ventures , joined by a new investor British Airways . Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and  SYSTEMIQ  also participated in the financing.

Propelling their mission towards delivering airlines zero-carbon, hydrogen-fueled flight, ZeroAvia is launching the development program for a 2MW hydrogen-electric powertrain for full-size regional aircraft.

This new round accelerates the larger hydrogen-electric engine development for the 50+ seat aircraft and supports additional commercial airlines initiatives to adopt hydrogen in aviation.

Today's announcement brings the ZeroAvia's total private investment to over $53 million and the total funding raised since inception to nearly $74 million.

Sean Doyle, British Airways' CEO, said: “Innovative zero-emissions technology is advancing fast, and we support the development of hydrogen as an alternative fuel source because we believe it has the potential to enable us to reach true zero emissions on short-haul routes by 2050. There is a huge amount of energy and excitement building around the possibilities of a zero-emissions future for aviation, and while there is no single solution to this challenge, we acknowledge the need for urgent action to tackle the impact flying currently has on our planet and are making progress on our journey to net zero.”

Val Miftakhov, CEO and founder of ZeroAvia, said: “This new funding, in conjunction with our other recent milestones, will significantly accelerate our path to zero-emission solutions for larger regional aircraft at a commercial scale. With many airlines lining up and ready to make the shift to zero-emissions, we expect to see wide-scale adoption of this technology. We are extremely grateful for our investors who are helping to speed up our progress and ultimately the aviation industry's adoption of zero-emission flight.”

About ZeroAvia:

ZeroAvia is a leader in zero-emission aviation, focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting 500-mile range in 10-20 seat aircraft used for commercial passenger transport, cargo, agriculture, and more. Based in the UK and USA, ZeroAvia has already secured experimental certificates for its two prototype aircraft from the CAA and FAA, passed significant flight test milestones, and is on track for commercial operations in 2024. The company’s expanding UK operations are supported by grants from UK’s Aerospace Technology Institute and Innovate UK, and ZeroAvia is part of the UK Government’s Jet Zero Council. 

Picture Source : ZeroAvia .