Tech Company Financing Transactions
ZeroAvia Funding Round
On 12/17/2020, ZeroAvia announced $37.7 million in Series A funding from Breakthrough Energy Ventures, Ecosystem Integrity Fund and Amazon.
Transaction Overview
Company Name
Announced On
12/17/2020
Transaction Type
Venture Equity
Amount
$37,700,000
Round
Series A
Investors
Breakthrough Energy Ventures (Lead Investor)
Ecosystem Integrity Fund (Lead Investor)
Proceeds Purpose
The funds will be used for the ongoing development of its ZA-600 hydrogen fuel cell powertrain, which converts hydrogen into electricity to power a motor to spin a propeller.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
90 Skylane Dr.
Hollister, CA 95023
USA
Hollister, CA 95023
USA
Phone
Undisclosed
Website
Email Address
Overview
ZeroAvia is building the World's first practical zero emission aviation powertrain, based on the electric propulsion powered by the hydrogen fuel cell system. Initially focusing on 500-mile zero emission travel in a 10-20 seat regional aircraft, the company's unique approach results in 4x lower fuel and engine maintenance costs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Valery Miftakhov
Chief Financial Officer
Katya Akulinicheva
Controller
Julia Batishcheva
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