This firm was founded in November 2017 and hired its core team in April 2018. Val Miftakhov founded to create greener solutions and accelerate the world's transition to sustainable aviation by giving aircraft customers and airframe manufacturers a zero-emission option that serves some of the most common airline trips.
ZeroAvia closed two additional funding rounds when they secured an initial $24.3 million to advance engine development for 40+ seat aircraft. This round was led by Horizons Ventures, and joined by a new investor British Airways. Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. This initial closing was followed by the second closing of $13M in June from AP Ventures, a significant investor in breakthrough technologies across the hydrogen value chain, Alumni Ventures Group, SGH Capital, Agartha Fund LP, and existing investors Amazon's Climate Pledge Fund, Breakthrough Energy Ventures, Summa Equity, Shell Ventures, SYSTEMIQ, and Horizons Ventures.