ZeroAvia secures additional $30 million in funding from IAG, Barclays, NEOM & AENU

ZeroAvia, the hydrogen-electric, zero-emission aviation manufacturer, has secured $30 million in funding from new investors Barclays Sustainable Impact Capital, NEOM and AENU, with International Airlines Group (IAG) adding to prior investment from the Group, bringing the Series B round to $68 million. ZeroAvia counts three major airline groups as strategic investors in the shape of IAG, United Airlines and Alaska Airlines. The fresh investment will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development program, which aims to power 40-80 seat aircraft with zero-emission engines by 2026. Larger aircraft will use liquid hydrogen fuel as opposed to gaseous for smaller aircraft, allowing