Showing posts from December, 2020

ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

ZeroAvia , the company that’s on a mission to move the world to zero-emission, hydrogen-fueled flight, has just received some corporate jet fuel in the form of a new $21.4 million cash infusion. The investment came from the Bill Gates-backed Breakthrough Energy Ventures and the Ecosystem Integrity Fund , which led the company’s latest round, alongside previous investors Amazon Climate Pledge Fund, Horizons Ventures , Shell Ventures and Summa Equity . Aviation is a huge contributor to the carbon emissions that cause global warming, and the industry, along with shipping, will be one of the hardest to decarbonize. Electrification technologies have yet to account for ways to propel aircraft or move massive seafaring vessels, and a consensus is emerging among technologists that hydrogen will be the best solution to ensure zero-emissions flight can become a reality. “I’m a big believer in hydrogen from the perspective that if I have enough zero carbon hydrogen, and it’s cheap enough, then