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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The US electric car manufacturer Lucid Motors has now confirmed for the first time that it is planning a factory in Saudi Arabia. This is to be built by 2025 or 2026. Details are currently being negotiated with ministries in the kingdom.
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Volocopter is to supply electric flying machines for the planned city of Neom in Saudi Arabia. The partners have formed a joint venture to build an eVTOL mobility system. Neom has placed an order for 15 Volocopter flying machines and plans to begin flight operations within the next two to three years.
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Hyzon Motors plans to build an assembly plant in Saudi Arabia with the local industrial conglomerate Modern Group. The plant is to be built in the city of Neom in the northwest of the country and will have an annual capacity for the assembly of up to 10,000 FC commercial vehicles.
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The US developer of fuel cell commercial vehicles Hyzon Motors has announced the Hyzon Zero Carbon Alliance. The new coalition of companies from different sectors aims to advance hydrogen mobility worldwide and is headed by Australian Claire Johnson.
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