ZeroAvia completes $150 million Series C financing

ZeroAvia has extended its Series C financing to a total $150 million, with a $20 million investment from Scottish National Investment Bank coming alongside recent investments from American Airlines, International Airlines Group (IAG) and ITOCHU Corporation. “We have closed an exceptionally strong financing round to help us deliver the clean future of flight for the entirety of aviation,” said ZeroAvia founder and CEO Val Miftakhov. “As a purpose-driven impact investor, [Scottish National Investment Bank] is an ideal partner for ZeroAvia. “Scotland’s ambitious net zero targets, its strategic focus on hydrogen and its strong existing aerospace skills base make it an