# ZeroAvia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zeroavia

- Industry: Aerospace
- Headquarters: Everett, US
- Website: www.zeroavia.com/
- Total disclosed funding: $241M
- Latest round: Series C (Sep 12, 2024)
- Investors on record: 16

## About

Based in Everett, 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 December 2025, ZeroAvia, Inc. raised an undisclosed amount of venture funding co-led by Barclays Climate Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, Summa Equity, and AP Ventures, with participation from National Wealth Fund and Scottish National Investment Bank.

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 will use the December 2025 funding to extend its cash runway and advance the industrialization of its hydrogen power and propulsion technology for aviation and defense markets.

## Funding rounds

- Series C, Sep 12, 2024 — Barclays Bank, Horizons Ventures, Airbus, Ecosystem Integrity Fund, Breakthrough Energy Ventures, Summa Equity, Alaska Airlines, AP Ventures, Amazon, NEOM Investment Fund, Scottish National Investment Bank, National Wealth Fund
- Series C, Sep 18, 2023, $116M — Barclays Bank, Horizons Ventures, Airbus, Ecosystem Integrity Fund, Breakthrough Energy Ventures, Summa Equity, Alaska Airlines, AP Ventures, Amazon, NEOM Investment Fund
- Series C, Sep 12, 2023, $72M — Barclays Private Bank, Horizons Ventures, Airbus, Ecosystem Integrity Fund, Breakthrough Energy Ventures, Summa Equity, Alaska Airlines, AP Ventures, Amazon, NEOM Investment Fund
- Series B, Jul 20, 2022, $30M — Barclays Bank, International Consolidated Airlines Group, S.A., NEOM Investment Fund, AENU
- Series A, Dec 16, 2020, $23M — Horizons Ventures, Shell Ventures, Ecosystem Integrity Fund, Breakthrough Energy Ventures, Summa Equity, Amazon

## Investors

- Horizons Ventures — Series A, Series C
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series A, Series C
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A, Series C
- Summa Equity (https://capitalatlas.ai/funds/summa-equity) — Series A, Series C
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A, Series C
- Barclays Bank — Series B, Series C
- International Consolidated Airlines Group, S.A. — Series B
- NEOM Investment Fund (https://capitalatlas.ai/funds/neom-investment-fund) — Series B, Series C
- AENU (https://capitalatlas.ai/funds/aenu) — Series B
- Barclays Private Bank — Series C
- Airbus — Series C
- Alaska Airlines — Series C
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Series C
- Scottish National Investment Bank — Series C
- National Wealth Fund — Series C