ZeroAvia, an aviation start-up, secured backing from the UK’s state-owned infrastructure investment bank in its recent funding round. The company secured $116 million from various investors, with $40 million coming from the UK Infrastructure Bank. This investment places the bank among ZeroAvia’s top five investors, alongside Bill Gates’s Breakthrough Energy Ventures. The funds will aid ZeroAvia in advancing its hydrogen-electric engine for zero-emission flights.
Read the original article here: https://www.news.titans.energy/companies/hydrogen-electric-aircraft-start-up-secures-uk-infrastructure-bank-backing/