ZeroAvia, a leader in zero-emission aviation, has announced that Airbus, Barclays Sustainable Impact Capital, and NEOM have co-led the company’s latest financing round. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures, and Amazon Climate Pledge Fund have also participated in the investment. This investment will enable ZeroAvia to accelerate progress towards certification of its first engine as well as delivering the company’s mission of a hydrogen-electric engine in every aircraft.
Latham & Watkins LLP advised ZeroAvia in the financing round with a corporate team led by Bay Area partner Ben Potter and New York partner Justin Hamill, with associates Nima Movahedi, Abby Timmons, and Luca Marquard. Advice was also provided on compensation and benefits matters by Bay Area partner James Metz; and on CFIUS/sanctions matters by Washington, D.C. partner Les Carnegie and counsel Andrew Galdes, with associate Zachary Eddington.