Hydrogen aviation startup ZeroAvia secured another US$30 million in funding from new investors, NEOM, AENU, and Barclays, to scale sustainable aviation.
IAG also added to its prior investment that bringing the capital increase of the Series B round to US$68 million.
By increasing its investment, IAG brings along with it its arsenal of European airlines. These include Aer Lingus, British Airways, and Iberia.
Other early investors are Amazon Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Summa Equity and Shell Ventures.
ZeroAvia founder and CEO Val Miftakhov remarked about the investors:
Each of these star investors brings a unique perspective and strength to ZeroAvia’s wider team… Our new investors are each looking at our journey through a different lens, but all energized by our mission to enable zero-emission flight using hydrogen-electric…
ZeroAvia Raises $30 Million Funding to Scale Hydrogen Aviation
