All updates

All updates

icon
Filter
Partnerships
Funding
ZeroAvia receives undisclosed funding from Airbus and other investors
Hydrogen Economy
Sep 18, 2023
This week:
M&A
Creador acquires hospitality marketplace MG Group for undisclosed sum to expand global operations
Travel Tech
Jan 2, 2025
Product updates
Industry news
LeddarTech unveils new AI-driven ADAS platform at CES 2025
Auto Tech
Jan 2, 2025
Partnerships
Ansys and Cognata partner to enable ADAS/AV sensor testing on Microsoft Azure
Auto Tech
Jan 2, 2025
Partnerships
Norma partners with Maybell Quantum to develop quantum computing systems in South Korea
Quantum Computing
Jan 2, 2025
Product updates
Insilico Medicine nominates new preclinical candidate for cancer treatment
AI Drug Discovery
Jan 2, 2025
Partnerships
Atavistik Bio partners with Pfizer to discover precision allosteric therapeutics
Precision Medicine
Jan 2, 2025
Product updates
Neumora's depression drug navacaprant fails first Phase III trial
Precision Medicine
Jan 2, 2025
M&A
Revolution Sustainable Solutions acquires Island Plastics for undisclosed sum
Waste Recovery & Management Tech
Jan 2, 2025
Funding
Infinant raises USD 15 million in Series A funding to expand product offerings
Data Infrastructure & Analytics
Jan 2, 2025
Product updates
Solayer launches LAYER governance token and non-profit foundation
Decentralized Finance (DeFi)
Jan 2, 2025
Hydrogen Economy

Hydrogen Economy

Sep 18, 2023

ZeroAvia receives undisclosed funding from Airbus and other investors

Partnerships
Funding

  • ZeroAvia, a hydrogen-based aviation solutions developer, has completed an undisclosed funding round that was led by Airbus, Barclays Sustainable Impact Capital, and NEOM. Other investors in the round included Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures, and Amazon Climate Pledge Fund.

  • The company intended to use the funds to push toward certification of its first hydrogen-electric engine known as “ZA600.” Having completed the first stage of flight testing with the product, ZeroAvia is now planning to complete design work and targets to commercialize the product in 2025. 

  • ZeroAvia also intends to use the funds to progress its “ZA2000,” a 2–5.4 MW modular powertrain for larger commercial aircraft applications. The company intends to begin flight testing with the product in 2024.

  • In addition to the investment, ZeroAvia also partnered with Airbus. The two companies intend to collaborate on the certification approach for hydrogen power systems. Furthermore, the two companies also plan to focus on key technical areas, such as liquid hydrogen fuel storage, flight and ground testing of fuel-cell propulsion systems, and development of hydrogen refueling infrastructure and operations. 

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.