ZeroAvia is a technology company.
ZeroAvia has raised $213.0M across 5 funding rounds.
Key people at ZeroAvia.
ZeroAvia has raised $213.0M in total across 5 funding rounds.
ZeroAvia has raised $213.0M in total across 5 funding rounds.
ZeroAvia's investors include AP Ventures, Breakthrough Energy Ventures, Prelude Ventures, Bonfire Ventures, Ecosystem Integrity, Motus Ventures, Andreessen Horowitz, GAMEGROOVE Capital, Geek Ventures, Goat Capital, Preston-Werner Ventures, Presto Ventures.
Key people at ZeroAvia.
ZeroAvia is a technology company developing hydrogen-electric powertrains and propulsion systems to enable zero-emission aviation, targeting regional aircraft, operators, manufacturers, lessors, and airports.[1][2][3] It builds products like the ZA600 (600kW for 10-20 seat aircraft) and ZA2000 (for 40-80 seat planes), solving aviation's carbon emissions problem by replacing fossil-fuel engines with hydrogen fuel cells that offer lower costs, quieter operation, and extended range.[3][4] The company serves airlines, OEMs, freight operators, and defense applications, with strong growth including a 2019 world-first zero-emission flight, over $77 million in funding from investors like IAG, Amazon, and British Airways, and UK certification progress for ZA600 as of recent developments.[1][4]
Founded in 2017 (with some sources noting 2018 activity) by CEO Val Miftakhov in Everett, Washington, ZeroAvia emerged from the need for practical zero-emission aviation solutions amid rising climate pressures on air travel.[1][2] Miftakhov, an experienced entrepreneur in clean tech, led the company to a pivotal milestone within a year: the world's first zero-emission flight of a six-seater aircraft in the US, sparking major funding rounds including a $40 million Series A.[1] Early traction built through partnerships like NEOM for hydrogen R&D and investors such as Barclays and AENU, evolving from initial prototypes to scalable powertrains amid global decarbonization pushes.[1][3]
ZeroAvia rides the hydrogen aviation trend, addressing aviation's projected exponential climate impact where batteries fall short on range/payload for regional flights (9-80 seats).[3][7] Timing aligns with net-zero mandates, hydrogen infrastructure growth (e.g., NEOM's zero-carbon city), and post-2020 clean tech funding surge, favoring scalable retrofits over full electric overhauls.[1][4] Market forces like rising fuel costs, EU/UK regulations, and defense needs for stealth/endurance boost it, influencing the ecosystem by validating hydrogen for OEMs, lessors (extending aircraft life), and airports (new revenue).[3][4][6] Competitors like Beyond Aero focus on jets, but ZeroAvia's regional emphasis positions it to decarbonize high-frequency short-haul routes first.[2]
ZeroAvia is poised for ZA600 certification and commercial entry by mid-2026, followed by ZA2000 deployments and defense expansions, targeting 1,000+ retrofittable cargo planes.[4][6] Trends like liquid hydrogen advancements, global H2 hubs, and policy incentives will accelerate adoption, potentially capturing 10-20% of regional aviation propulsion by 2030. Its influence could evolve from pioneer to standard-setter, enabling fossil-free skies and inspiring cross-sector H2 applications—transforming ZeroAvia from a 2017 startup into aviation's clean propulsion leader.[1][3]
ZeroAvia has raised $213.0M across 5 funding rounds. Most recently, it raised $120.0M Series C in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $120.0M Series C | AP Ventures, Breakthrough Energy Ventures, Prelude Ventures | |
| Dec 1, 2021 | $35.0M Series B | AP Ventures, Breakthrough Energy Ventures, Prelude Ventures | |
| Jun 1, 2021 | $13.0M Series A | AP Ventures, Breakthrough Energy Ventures, Prelude Ventures | |
| Mar 1, 2021 | $24.0M Series A | Bonfire Ventures, Breakthrough Energy Ventures, Ecosystem Integrity, Motus Ventures, Prelude Ventures | |
| Dec 1, 2020 | $21.0M Series A | Andreessen Horowitz, Bonfire Ventures, Breakthrough Energy Ventures, Ecosystem Integrity, GAMEGROOVE Capital, Geek Ventures, Goat Capital, Motus Ventures, Prelude Ventures, Preston-Werner Ventures, Presto Ventures, Spring Capital, Sunset Ventures, Artur Sychov, Brian Corrigan, Gautam Shah, Hubert Thieblot, Kaarel Kotkas, Kevin Hart, Peter Vesterbacka, Riccardo Zacconi, Sebastian Knutsson, Sebastien Borget |
