Zero emission aviation company ZeroAvia announced on Monday that its latest funding round has been led by major international groups, namely Europe-based global aerospace group Airbus, UK-based multinational banking group Barclays , and Saudi Arabian green city development company NEOM. Other groups which participated in the financing round were Alaska Airlines, Amazon Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, and Summa Equity.
ZeroAvia’s aircraft power systems, or powertrains , comprise hydrogen fuel cell stacks generating electricity which powers electric motors, which turn the aircraft’s propellors.
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