Thu, Dec 7

The Engineer - ZeroAvia raises $116m in funding round

Net zero aviation

The UK Infrastructure Bank joined the round as a cornerstone-level investor alongside Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF). The Series C round will help ZeroAvia attain certification for its first engines and advance R&D that will scale the hydrogen-electric propulsion technology for larger aircraft. The funding also supports the company’s growth plans in the UK.

 

Hydrogen Aviation

 

Â