Details

Last Funding Type

Series B

Last Funding Money Raised

$30M

Industries

Aerospace,Air Transportation,CleanTech,Industrial

Founded date

Nov 1, 2017

Number Of Employee

51 - 100

Operating Status

Active

Legal Name

ZeroAvia, Inc.

ZeroAvia is a British and American aviation company founded in 2017 by Val Miftakhov, who also founded the electric vehicle battery startup eMotorWerks. Before founding ZeroAvia, eMotorWerks was acquired by international energy conglomerate Enel. A licensed pilot, Miftakhov saw an opportunity to pursue his dream of flying airplanes while also electrifying them and completely transforming commercial transportation.

ZeroAvia developed a vision to serve as a responsible steward of the environment by bringing hydrogen-powered aircraft to the market. The hydrogen-electric powertrain technology vastly reduces carbon emissions and reduces noise, all while lowering fuel and maintenance costs for airlines. For ZeroAvia's promising HyFlyer I project, the European Marine Energy Centre (EMEC) delivered the fueling systems necessary for test flights as well as infrastructure designed for airports. The HyFlyer II project will carry more passengers and fly up to 500 miles, with the ambitious goal of seating up to 100 passengers and traveling more than 1,000 miles by 2030.

As consumer preferences shift toward other methods of travel due to concerns about sustainability, and with the airline industry battered by the COVID-19 pandemic, ZeroAvia is capitalizing on the need for carbon-free transportation options. British Airways has formed a partnership with ZeroAvia to achieve its net-zero goal by 2050.

Upon receiving $21.4 million in series A funding in conjunction with $16.3 million in grant funds from the UK government from the Aerospace Technology Institute (ATI), ZeroAvia has raised $49.7 million from inception to bring hydrogen fuel cells to the market by 2023.

ZeroAvia has acquired 1 organizations. Their most recent acquisition was HyPoint on Oct 6, 2022. They acquired HyPoint for 0.

Date Company Name	Industry	Acquisition Type	Price
Oct 6, 2022 HyPoint	Aerospace	acquisition	—	Detail