Hollister, CA – According to filings with the U.S. Securities and Exchange Commission, ZeroAvia is raising $37,999,958.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Valery Miftakhov played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About ZeroAvia

Accelerate the World’s Transition to Sustainable Aviation.  ZeroAvia enables zero emission air travel at scale, starting with 500 mile short-haul trips, at half of today’s cost. The Novel approach removes many limitations of the current zero emission programs. $100+ billion market in faster, safer, cleaner, more convenient local travel.? Resulting market disruption creates 100,000+ unit demand in the next 10 years. Our novel zero-emission powertrain has 75% lower fuel and maintenance costs, resulting in up to 50% total trip cost reduction. It delivers 300 500 mile zero emission missions in a 10 20 seat fixed wing aircraft to utilize existing infrastructure and simplify regulatory issues. We are a team with proven success and deep experience, advised by top experts across aviation, automotive, fuel supply, and real estate industries. We have already built a strong ecosystem of technology and business launch partners in Norway, UK, and California.

To learn more about ZeroAvia, visit http://www.zeroavia.com/

Contact:
Valery Miftakhov, Chief Executive Officer
650-727-7174
https://www.linkedin.com/in/vmiftakhov/

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved