ZeroAvia Gains Backing at High Levels

Dean Sigler Electric Powerplants, Fuel Cells, Hydrogen Fuel, Sustainable Aviation 1 Comment

“Cannot be more proud and humbled to be a part of this stellar team!”  That’s power system developer Gabriel DeVault’s response to ZeroAvia’s Chief Financial Officer Katya Akulinicheva’s enthusiastic endorsement of Bloomberg LP’s news.  She listed the investors taking an active interest in ZeroAvia, including Ecosystem Integrity Fund, Breakthrough Energy Ventures, the Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures and Summa Equity. Already benefiting from a $16.3 million grant from Innovate UK, Aerospace Technology Institute and Department for Business, Energy and Industrial Strategy (BEIS), ZeroAvia will be able to push forward on plans to create a 19-seat hydrogen-powered commuter liner. According to Bloomberg, “ZeroAvia aims to demonstrate that it can fly a plane 500 miles (804 kilometers) with as …