With increasing fuel prices and climate change, the aviation industry is having to look at life after fossil fuels but is facing a particularly tough challenge – passenger aircraft needs to be light and very safe, and what about longer distances? We asked aviation insiders where hydrogen fits in.
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ZeroAvia has announced another $30 million in funding at the Farnborough International Airshow with new investors Barclays Sustainable Impact Capital, NEOM, and AENU coming on board. The capital increase brings the Series B round to $68 million (€66.7Mn).
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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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