What is ZeroAvia?
ZeroAvia is at the forefront of decarbonizing aviation through its innovative hydrogen-electric powertrain technology. The company is strategically targeting a phased market entry, initially aiming for a 300-mile range in 9-19 seat aircraft by 2024, with a roadmap to achieve up to a 1000-mile range in 40-80 seat aircraft by 2026. With operational bases in the UK and USA, ZeroAvia has achieved critical regulatory milestones, including experimental certificates from the CAA and FAA, and has successfully completed significant flight test programs. Its market traction is further evidenced by key partnerships with major aircraft original equipment manufacturers (OEMs) and global airlines, setting the stage for commercial operations commencement in 2024. The company's expansion is bolstered by grants from the UK's Aerospace Technology Institute and Innovate UK, highlighting strong governmental and institutional support for its sustainable aviation mission.
How much funding has ZeroAvia raised?
ZeroAvia has raised a total of $392M across 7 funding rounds:
Series A
$21.4M
Multiple Rounds
$75.6M
Unspecified
$115M
Series B
$30M
Series C
$150M
Series A (2020): $21.4M with participation from Amazon Climate Pledge Fund, Shell Ventures, Horizons Ventures, Summa Equity, Breakthrough Energy Ventures, and Ecosystem Integrity Fund
Grant (2021): $16.3M led by Aerospace Technology Institute, Department for Business Energy & Industrial Strategy, and Innovate UK
Other Financing Round (2021): $24.3M supported by Horizons Ventures and British Airways
Unspecified (2021): $35M featuring Alaska Airlines, AP Ventures, United Airlines, Summa Equity, Breakthrough Energy Ventures, Shell Technology Ventures, Inc (extinct, Horizons Ventures, and Amazon
Unspecified (2022): $115M backed by Alaska Airlines, United Airlines, British Airways, and Amazon
Series B (2022): $30M with participation from Barclays Sustainable Impact Capital, NEOM, and AENU
Series C (2024): $150M led by International Airlines Group, Airbus, ITOCHU, American Airlines, Barclays, and Scottish National Investment Bank
Key Investors in ZeroAvia
Horizons Ventures
Horizons Ventures is a venture capital firm that actively supports entrepreneurs with compelling visions, offering equity financing and operational involvement to help transform startup ventures into successful companies.
Summa Equity
Summa Equity is a private investment firm focused on thematic investing aligned with global sustainability and societal transformation trends, backing businesses that provide solutions to pressing global challenges.
Breakthrough Energy Ventures
Breakthrough Energy Ventures invests in cutting-edge companies developing technologies to lead the world to net-zero emissions, supporting bold entrepreneurs in reducing emissions across various sectors.
What's next for ZeroAvia?
The substantial capital infusion, particularly the recent enterprise-level funding, signals ZeroAvia's transition into a growth acceleration phase. This financing is expected to fuel the expansion of its research and development capabilities, accelerate the certification process for its larger aircraft powertrains, and scale up manufacturing and operational infrastructure. Strategic investments from entities like International Airlines Group, Airbus, and American Airlines suggest a strong industry validation and potential for future fleet integration. The company's focus on hydrogen-electric solutions aligns with global decarbonization mandates and the growing demand for sustainable air travel, positioning ZeroAvia to capture a significant share of the emerging green aviation market.
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