Tech Company Financing Transactions
ZeroAvia Funding Round
ZeroAvia, based in Hollister, secured investment from Airbus Ventures, Barclays Sustainable and Impact Banking and NEOM.
Transaction Overview
Company Name
Announced On
9/18/2023
Transaction Type
Amount
Unknown
Round
Undisclosed
Investors
Airbus Ventures (Lead Investor)
Barclays Sustainable and Impact Banking (Lead Investor)
NEOM (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate progress towards certification of its first engine, ZA600, and to continue to progress its larger engine programm the ZA2000, a 2-5.4 MW modular powertrain designed to support larger commercial aircraft applications. ZeroAvia is working on retrofitting a Dash 8 400 76-seat testbed demonstrator provided by Alaska Airlines, with a view to first flight testing with a full size engine in 2024.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
90 Skylane Dr.
Hollister, CA 95023
USA
Hollister, CA 95023
USA
Phone
Undisclosed
Website
Email Address
Overview
ZeroAvia is building the World's first practical zero emission aviation powertrain, based on the electric propulsion powered by the hydrogen fuel cell system. Initially focusing on 500-mile zero emission travel in a 10-20 seat regional aircraft, the company's unique approach results in 4x lower fuel and engine maintenance costs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Valery Miftakhov
Chief Financial Officer
Katya Akulinicheva
Controller
Julia Batishcheva
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