Airbus, Barclays Sustainable Impact Capital, and the government-backed Saudi Arabian Neom regional development project this week were confirmed as the lead backers of the latest funding round for hydrogen propulsion system developer ZeroAvia. The U.S./UK-based start-up has not disclosed how much it has raised in the just-concluded round, which was also supported by Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures, and Amazon Climate Pledge Fund.
According to ZeroAvia, the new capital will accelerate its efforts to secure the first supplemental type certificate it needs to convert regional airliners to use its fuel cell electric propulsion system. It expects to have a 19-seat aircraft operating commercial flights with its 600-kilowatt ZA600 powertrain in 2025. In the longer term, it aims to scale up the technology to develop the ZA2000 system, with up to 5.4-megawatt power, for aircraft with up to around 80 seats, such as the Dash 8 family.
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