Address
Zeroavia Inc
90 Skylane Drive
Hangar 1
Hollister, CA 95023
United States
Corporate information
Official identities
Company type
Developer and manufacturer of hydrogen-electric aircraft engines.Overview
ZeroAvia is a leader in zero-emission aviation with the mission of delivering a hydrogen-electric engine in every aircraft as the most environmentally and economically friendly solution for addressing the industry's climate impact. The company is starting with engines to support a 300-mile range in 9–19 seat aircraft by the end of 2025, and up to 700-mile range in 40–80 seat aircraft by 2027. Founded in California and now with thriving teams also in Everett, WA and the United Kingdom, ZeroAvia has secured experimental certificates to test its engines in three separate testbed aircraft with the FAA and CAA and passed significant flight test milestones. The company has signed a number of key engineering partnerships with major aircraft OEMs and has nearly 2,000 pre-orders for engines from a number of the major global airlines, with future revenue potential over $10bn.
Funding rounds
Series C USD 116,000,000
USD 116,000,000 ( )
Funding to accelerate the certification of the Company's first engines and advance R&D that will scale the clean propulsion technology for larger aircraft.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Airbus Group | Initial investment. Led the round. | ||
|
Barclays Sustainable Impact Capital | Initial investment. Led the round. | ||
|
NEOM Investment Fund (NIF) | Initial investment. Led the round. | ||
|
UK Infrastructure Bank | Initial investment. Led the round. | ||
|
Alaska Airlines Inc | Scheduled passenger air transportation | Initial investment. | |
|
Amazon Climate Pledge Fund (Amazon Climate Fund) | Initial investment. | ||
|
AP Ventures LLP | Initial investment. | ||
|
Breakthrough Energy Ventures LLC (BEV) | Initial investment. | ||
|
Ecosystem Integrity Fund (EIF) | Venture capital firm that invests in early growth stage companies contributing to environmental sustainability. | Initial investment. | |
|
Horizons Ventures | Venture capital firm owned by Hong Kong billionaire Li Ka-shing | Initial investment. | |
|
Summa Equity AB | Private equity firm. | Initial investment. |
Team
| Employee | Position | ||
|---|---|---|---|
| Valery Miftakhov (founder) |