ZeroAvia, Inc. Asset Profile

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Year established

2017

Location

Hollister CA US

Primary Industry

Aerospace

About

Based in California, US, and founded in 2017 by CEO Val Miftakhov, ZeroAvia, Inc. operates as a provider of hydrogen-electric powertrains built for zero-emission flight, targeting regional airlines, OEMs, and aircraft lessors to revolutionize green aviation. In September 2024, ZeroAvia, Inc. raised an undisclosed amount of Series C funding co-led by Airbus, Alaska Airlines, Amazon, AP Ventures, Barclays Bank, and NEOM Investment Fund, with participation from Scottish National Investment Bank, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, and Summa Equity. The company provides a wide range of propulsion products, including hydrogen-electric powertrains such as the ZA600 for 10-20 seat aircraft and the ZA2000 for 40-80 seat turboprops. Moreover, the firm offers hydrogen fueling infrastructure and retrofitting solutions for existing aircraft. Furthermore, the company provides services such as hydrogen airport refueling ecosystems. Additionally, ZeroAvia, Inc. also offers a featured collection of products through its online store, including clothing and accessories. The company generates revenue from the sale of its clothing and accessories through its e-commerce platform, ZeroAvia Store. Accessories are priced starting at around USD 20, while apparel items range from USD 30 to USD 100. The company plans to use its proceeds from September 2024 funding to accelerate progress towards certification of its hydrogen-electric powertrain and support the sale of its in-house components to other electrified aviation innovators.

Current Investors

Horizons Ventures, Shell Ventures, Ecosystem Integrity Fund

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Primary Industry

Aerospace

Sub Industries

Clothing, Accessories, Aerospace, Energy Storage & Batteries

Website

www.zeroavia.com/

Verticals

Clean Technology, E-commerce, Manufacturing

Company Stage

Series C

Total Amount Raised

Subscriber access only

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