ZeroAvia raises 150 million dollars with the help of Airbus

A round of financing led by Airbus is enabling US company ZeroAvia to move ahead with its hydrogen-powered aircraft project.

More and more players are flocking to the start-up. In addition to Airbus, they include American Airlines, IAG (International Airlines Group), Japan’s Itochu, banks (Scottish National Bank, Barclays) and investment funds (Bill Gates’ Breakthrough Ventures, Amazon, etc.). “We have closed an exceptionally strong financing round to help us deliver the clean future of flight for the entirety of aviation.” says Val Miftakhov, founder and CEO of ZeroAvia.

This boost from the Bank of Scotland is welcome as ZeroAvia looks to set up a manufacturing facility in the country.

The company has already carried out extensive flight tests on a prototype of its first ZA600 engine on board a Dornier 228 aircraft at its UK base. And the application for certification is underway with the CAA. It has also carried out advanced ground tests in the US and UK for key core technologies of the ZA2000 system, including cryogenic tanks for LH2 and high-temperature PEM fuel cell and electric propulsion systems.

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Article written by Laurent Meillaud and translated by Logan King