Hyperdrive
Gates and Bezos Funds Back Hydrogen-Powered Plane Startup
- ZeroAvia has raised $38 million to advance hydrogen aviation
- Hydrogen could be a key way to cut carbon emissions in flight
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The hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc.
ZeroAvia said it aims to use the money to advance development of technology that could cut carbon emissions from the aviation sector by replacing fossil fuel-burning propulsion with a hydrogen fuel-cell system.