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Zeroavia Secures Additional $30 Million In Funding From Iag, Barclays, Neom & Aenu

07/20/22, 8:06 AM

Location

hollister

Money raised

$30 million

Industry

government and military

information technology

ZeroAvia, the leader in hydrogen-electric, zero-emission aviation, today announced $30 million in funding from new investors Barclays Sustainable Impact Capital, NEOM and AENU, with International Airlines Group (IAG) adding to prior investment from the Group, bringing the Series B round to $68 million.

Company Info

Company

ZeroAvia, Inc.

Location

90 skylane drive

hollister, california, united states

Additional Info

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. For more, please visit ZeroAvia.com, follow @ZeroAvia on Twitter, Instagram, and LinkedIn.

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