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Climate Adaptation

Hydrogen Plane Startup Boosted by Gates and Li Ka-shing Funds

  • ZeroAvia raised $24.3 million to scale up hydrogen plane
  • Cleaner-burning fuel could help to cut aviation emissions
Val Miftakhov
Val MiftakhovPhotographer: Jason Alden/Bloomberg

A startup working to make hydrogen-powered airplanes raised $24.3 million from investors including funds backed by Bill Gates and Hong Kong billionaire Li Ka-shing.

ZeroAvia Inc. will use the cash to start scaling up its hydrogen-powered propulsion system to work with larger planes that could carry at least 50 passengers. Its latest and biggest model currently has around 19 seats.