ZeroAvia
ZeroAvia is a company in the aviation industry established in 2017 by Val Miftakhov, who previously founded eMotorWerks, an electric vehicle battery startup. Before starting ZeroAvia, eMotorWerks was acquired by Enel, an energy conglomerate. As a licensed pilot, Miftakhov saw an opportunity to combine his passion for flying with his interest in electrification, aiming to revolutionize commercial transportation. ZeroAvia's goal is to promote environmental stewardship by introducing hydrogen-powered aircraft to the market. This innovative hydrogen-electric technology not only reduces carbon emissions and noise but also cuts down on fuel and maintenance costs for airlines. ZeroAvia's HyFlyer I project received support from the European Marine Energy Centre (EMEC) for test flights and airport infrastructure. The HyFlyer II project is designed to carry more passengers and cover longer distances, with plans to accommodate up to 100 passengers and travel over 1,000 miles by 2030. With a growing preference for sustainable transportation options and the impact of the COVID-19 pandemic on the airline industry, ZeroAvia is well-positioned to offer carbon-free travel alternatives. Partnering with British Airways, ZeroAvia aims to help the airline achieve its net-zero emissions target by 2050. Through a combination of series A funding and grant support from the UK government's Aerospace Technology Institute (ATI), ZeroAvia has secured a total of $49.7 million to bring hydrogen fuel cells to the market by 2023.
ZeroAvia is a company in the aviation industry established in 2017 by Val Miftakhov, who previously founded eMotorWerks, an electric vehicle battery startup. Before starting ZeroAvia, eMotorWerks was acquired by Enel, an energy conglomerate. As a licensed pilot, Miftakhov saw an opportunity to combine his passion for flying with his interest in electrification, aiming to revolutionize commercial transportation. ZeroAvia's goal is to promote environmental stewardship by introducing hydrogen-powered aircraft to the market. This innovative hydrogen-electric technology not only reduces carbon emissions and noise but also cuts down on fuel and maintenance costs for airlines. ZeroAvia's HyFlyer I project received support from the European Marine Energy Centre (EMEC) for test flights and airport infrastructure. The HyFlyer II project is designed to carry more passengers and cover longer distances, with plans to accommodate up to 100 passengers and travel over 1,000 miles by 2030. With a growing preference for sustainable transportation options and the impact of the COVID-19 pandemic on the airline industry, ZeroAvia is well-positioned to offer carbon-free travel alternatives. Partnering with British Airways, ZeroAvia aims to help the airline achieve its net-zero emissions target by 2050. Through a combination of series A funding and grant support from the UK government's Aerospace Technology Institute (ATI), ZeroAvia has secured a total of $49.7 million to bring hydrogen fuel cells to the market by 2023.
ZeroAvia has raised $111M across 7 rounds. Its most recent round was a Series Unknown of $12.1M in May 2025. Full funding history, investors, and team are detailed below.
Funding history
7 rounds on record — latest round shown, the rest unlock with a paid plan.
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