British Airways joins ZeroAvia fundraising to further hydrogen planes

ZeroAvia's test plane for hydrogen-powered flight. Image source: ZeroAvia on Twitter (@ZeroAvia)

March 31 (Renewables Now) - ZeroAvia, a start-up working on hydrogen technology for aircraft, has raised USD 24.3 million (EUR 20.7m) in new funding and seen British Airways join as a new investor.

The new funding, announced today, will allow the London and California-based company to kick off its development programme for a 2-MW hydrogen-electric powertrain for 50+ seat regional aircraft.

The funding round was led by Horizons Ventures and supported by existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures and SYSTEMIQ.

"Innovative zero emissions technology is advancing fast and we support the development of hydrogen as an alternative fuel source because we believe it has the potential to enable us to reach true zero emissions on short-haul routes by 2050," British Airways chief executive Sean Doyle said in a statement. The airline has recently set up a partnership with ZeroAvia through the Hangar 51 accelerator programme of its parent company International Airlines Group (IAG).

ZeroAvia is initially targeting the 10-20 seat aircraft market, with its 600-kW development programme scheduled for commercial entry in 2024. It will aim to enter the 50+ seat commercial aircraft segment by 2026.

ZeroAvia completed the world's first hydrogen fuel cell-powered flight of a commercial-grade aircraft in September 2020. It was done with a six-seat plane at the company's research and development (R&D) facility in Cranfield, England.

Since its creation ZeroAvia has raised almost USD 74 million in funding.

(USD 1.0 = EUR 0.851)

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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