The battery recycling start-up Redwood Materials, founded by ex-Tesla CTO JB Straubel, has raised more than 700 million US dollars from a group of strategic investors. The money is to be used to finance expansion.
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Heart Aerospace has closed a 35 million US dollar financing round. The Swedish aviation start-up is currently developing the ES-19, an electric aircraft for 19 passengers with an expected range of 400 kilometres.
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Electric aircraft propulsion specialist ZeroAvia announces having raised $24.3 million (€20.5Mn) in a new round of funding for hydrogen plane development. The fresh capital comes from new investor British Airways as well as several existing financiers, including Breakthrough Energy Ventures and Shell.
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ZeroAvia, a company specialising in electric aircraft propulsion systems, has raised the equivalent of 17.5 million euros in a Series A financing round and, in parallel, received a commitment for a million-euro grant from the British government.
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