ZeroAvia has just raised $ 35 million to develop a 2- to 5-megawatt hydrogen powertrain faster for regional aviation.
The investor of this new fundraiser is none other than United Airlines. An agreement between the famous American airline and ZeroAvia provides for an order for 50 ZA2000-RJ engines, as well as an option to purchase 50 other similar aircraft. The latter will be able to generate 2,000 to 5,000 kilowatts and offer a range of 800 kilometers to an aircraft.
Staying one step ahead …
With this financial contribution, United Airlines joins other investors of the American-British manufacturer such as Amazon’s Climate Pledge Fund, but also Alaska Air Group, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Summa Equity and Shell Ventures. All these contributors allow ZeroAvia to benefit from a capital amounting to 102 million euros.
“Hydrogen engines are among the most promising zero-emission aviation solutions for small aircraft,” said Scott Kirby, CEO of United Airlines. “This new investment will allow our firm to stay one step ahead of this technology, which will play a big role in the years to come.”